In the first half of this year (January to June), it has been revealed that there is a notable trend in the Seoul real estate market where individuals are choosing to gift assets rather than sell them. In particular, in the three districts of Gangnam (Gangnam, Seocho, Songpa), wealthy individuals have rapidly increased cases of transferring assets within families through gifting.

(Seoul=News1) Reporter Lee Seung-bae reports that the government announces a high-intensity measure that limits the housing mortgage loan limit in the metropolitan area and regulated areas to 600 million won, leading to a slowdown in the rise of real estate prices. According to the weekly apartment price trend from the Korea Real Estate Board (REB) on the 7th, the rate of increase in Seoul's housing prices decreases from 0.43% to 0.4%, a drop of 0.03 percentage points. In particular, the increase in the Gangnam three districts (Gangnam, Seocho, Songpa) and Mapo, Yongsan, and Seongdong decreases. /Courtesy of News1

According to an analysis by Yang Ji-young, a commissioner at Shinhan Premier Pathfinder, of the Supreme Court's registration information department on the 18th, the district with the highest number of gifting cases for the purpose of ownership transfer registration of collective buildings (apartments, officetels, etc.) in Seoul from January to June was Gangnam District (336 cases). This was followed by Songpa District (253 cases) and Seocho District (235 cases), highlighting the significant increase in gifting concentrated in the three districts of Gangnam.

In particular, the number of gifting cases in the three districts of Gangnam has steadily increased. Gangnam District saw an increase in gifting cases from 24 in January to 78 in June. During the same period, Seocho District rose from 27 to 40 cases, and Songpa District increased from 27 to 53 cases.

On the other hand, the district with the lowest number of gifting cases in the first half of the year was Dongdaemun District, with 76 cases. This was followed by Jongno District (77 cases), Seongbuk District (78 cases), Geumcheon District (84 cases), Dobong District (103 cases), and Gangbuk District (105 cases).

Commissioner Yang noted, "Amid an uncertain policy environment, wealthy individuals are finding that holding assets through gifting is a more flexible and stable strategy than selling. Furthermore, the learning effect that 'key areas will ultimately rise' has also played a significant role."

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