Seoul apartment sales price increase for 2 consecutive weeks

There is a moderate upward trend, but there is also a mixed tax by region

As a result of the Korea Real Estate Agency’s investigation of the national weekly apartment price trend in the fifth week of May, the selling price decreased by 0.04% and the price of jeonse decreased by 0.06%.

The weekly sale price of flats across the country has reduced the decrease compared to last week (-0.05%). In the metropolitan area (-0.02% → -0.01%), the extent of the decline narrowed, in Seoul (0.03% → 0.04%), the extent of the increase increased, and in the provinces (-0.08% → -0.06%), the extent decreased the decline (5 major metropolitan cities -0.11% → -0.08 %), 8 provinces (-0.06% →-0.05%), and Sejong (0.19% → 0.13%)).

By province, Sejong (0.13%) and Seoul (0.04%) continued to rise. Incheon (0%) is flat, Busan (-0.11%), Jeju (-0.1%), Jeonnam (-0.08%), Gwangju (-0.08%), Daegu (-0.08%), Gyeongnam (-0.07%) , Jeonbuk fell (-0.07%) and others.

In the case of Seoul (0.03% → 0.04%), the local sale price showed a moderate upward trend after the emergency sale ended. However, there is still a mixed trend by region, with a wait-and-see attitude being maintained due to the desired price gap between buyers and sellers. Overall, however, there was a slight increase as purchase inquiries continued, focusing on preferred regions and major centres.

In the case of 14 districts in Gangbuk (0%), Mapo (0.05%) and Yongsan-gu (0.04%) recorded an upward trend, mainly in large complexes. However, Seongdong (0.00%), Nowon (0.00%), and Eunpyeong-gu (0.00%) remained flat, while Dobong (-0.06%) and Gangbuk-gu (-0.04%) showed a mixed trend by region , with discounts focused on small and medium-sized construction or complexes

In the case of 11 districts in Gangnam (0.07%), Songpa-gu (0.22%) mainly sold large-scale large complexes in Jamsil/Sincheon/Garak-dong, Seocho-gu (0.21%) mainly in Banpo/Jamwon -dong reconstruction or large complexes, and Gangnam-gu (0.13%) mainly in Yeoksam/Daechi-dong. The price has risen. In Geumcheon (0.00%) and Yeongdeungpo-gu (0.00%), the rate of increase increased slightly, with adjustments to flat.

In the case of Incheon (0.02% → 0%), the center (0.14%), Seo (0.05%), and Yeonsu-gu (0.04%) showed a recovery trend after the emergency sale ended, mainly in complexes large with good residential conditions, showing an upward trend. However, Bupyeong-gu (-0.09%), which is affected by the volume of supply, showed a mixed trend, with a decline mainly in the construction of Sangok, Cheongcheon, and Bugae-dong, and Dong-gu ( -0.09%) mainly in Songrim and Songhyeon-dong, and Incheon as a whole turns to a flat state.

Gyeonggi (-0.06% → -0.04%) Cheoin-gu, Yongin (0.28%) continue to be affected by development, mainly in Namsa and Idong-eup, Hanam-si (0.18%) mainly in large complexes in Sinjang and Deokpung-dong, and Bundang-gu in Seongnam (0.16%) in Sunae and Idong-eup It showed an upward trend mainly in Geumgok and Yatap-dong. However, Yangju-si (-0.46%) focused on construction in Deokjeong and Samsung-dong, which has an impact on supply volume, Anseong-si (-0.24%) mainly in Jungni-dong and Gongdo-eup, and Uijeongbu-si (-0.23%) mainly in Yonghyeon, Millak, and Howon-dong due to the planned move-in volume.

Correspondent Hong Young-joo hong@arunews.com

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