After the lifting of the land transaction permission zone in Seoul, the increase in apartment selling prices has expanded, particularly in the three districts of Gangnam: Jamsil, Samsung, Daechi, and Cheongdam. In particular, Songpa District, which was directly affected by the lifting of the permission, showed the largest price increase.

The view of the apartment complex in Songpa-gu, Seoul, seen from Namsan. /Courtesy of News1

According to the weekly apartment market trends published by KB Real Estate on the 6th, as of the 3rd, the nationwide apartment selling prices remained unchanged at 0.00% compared to the previous week, marking the end of a 15-week decline since Nov. 18 of last year. The selling prices of apartments in the metropolitan area also rose by 0.04%.

The selling prices of apartments in Seoul increased by 0.16% compared to one week ago. In particular, Songpa District, which was directly affected by the lifting of the land transaction permission zone, rose by 0.7% compared to the previous week, while Gangnam District increased by 0.46%, showing the highest growth rate. Other nearby areas, such as Seocho District (0.46%) and Gangdong District (0.28%), followed. Nowon District (-0.03%), Gangbuk District (-0.02%), Geumcheon District (-0.02%), and Dobong District (-0.01%) experienced declines.

Gyeonggi Province fell by 0.01% compared to the previous week. Cities that saw increases included Gwacheon (0.49%), Seongnam Sujeong District (0.11%), Hanam (0.1%), Seongnam Bundang District (0.06%), Suwon Jang-an District (0.06%), Yongin Suji District (0.05%), and Siheung (0.04%), while Icheon (-0.6%), Pyeongtaek (-0.1%), Ansung (-0.07%), Gwangju (-0.07%), Goyang Ilsan Seo District (-0.05%), Gunpo (-0.05%), Yangju (-0.04%), and Dongducheon (-0.03%) experienced declines.

In Incheon (-0.01%), Bupyeong District (0.02%) and Seo District (0.01%) saw increases, while Dong District (-0.05%), Yeonsu District (-0.05%), Michuhol District (-0.03%), and Jung District (-0.01%) experienced declines.

Among the other five metropolitan cities (-0.05%), only Ulsan (0.02%) saw an increase, while Daejeon (-0.03%), Daegu (-0.05%), Gwangju (-0.06%), and Busan (-0.08%) declined. In addition, the selling prices in other local areas outside the metropolitan cities fell by -0.02%, with Jeonbuk (0.01%) increasing, Gangwon (0%) remaining unchanged, and Chungbuk (-0.02%), Jeonnam (-0.02%), Gyeongnam (-0.03%), Gyeongbuk (-0.04%), Chungnam (-0.05%), and Sejong (-0.06%) declining.

Nationwide apartment rental prices rose by 0.01%, and metropolitan area prices increased by 0.03%. In Seoul, rental prices increased by 0.07%. Increases were noted in Yongsan District (0.29%), Yangcheon District (0.24%), Songpa District (0.2%), and Gangnam District (0.17%), while declines were seen in Gwanak District (-0.1%), Dongdaemun District (-0.08%), Geumcheon District (-0.07%), and Seongbuk District (-0.04%).

Rental prices in Gyeonggi Province and Incheon increased by 0.02% and 0.01%, respectively. Particularly notable increases were seen in cities such as Guri (0.32%), Gwacheon (0.32%), Hanam (0.2%), Goyang Deogyang District (0.17%), Yangju (0.13%), Yongin Cheoin District (0.09%), Suwon Paldal District (0.09%), and Yongin Suji District (0.08%).

In the other five metropolitan cities (0.01%), Ulsan (0.11%), Gwangju (0.04%), and Busan (0.01%) saw increases, while Daejeon (-0.02%) and Daegu (-0.05%) experienced declines. The rental prices in other local areas outside the metropolitan cities fell by -0.02%, with Gangwon (0.05%), Chungbuk (0.04%), and Jeonbuk (0.01%) increasing, while Gyeongnam (-0.03%), Jeonnam (-0.03%), Gyeongbuk (-0.04%), Sejong (-0.04%), and Chungnam (-0.07%) declined.

The apartment buying sentiment index in Seoul recorded 63.4, reflecting the trend of rising prices, up from 57.4 from the previous week. Among the five metropolitan cities excluding Incheon (28), Ulsan (30.6) had the highest index. Daejeon recorded 20.9, Daegu 12.3, Busan 11.5, and Gwangju 9.2, all showing below 100. This indicates that there are more sellers than buyers.

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