With a slight rise in Seoul apartment prices, nationwide apartment prices turned upward from flat the previous week.
According to the Korea Real Estate Board (REB) on the 11th, nationwide apartment sale prices in the second week of September (as of the 8th) rose 0.01%, turning upward from flat (0.00%) the previous week. After turning flat on the 18th, they had remained flat for three straight weeks.
Seoul apartment sale prices rose 0.09%, widening from 0.08% the previous week. By district, Gangnam District (0.15%) climbed mainly in redevelopment complexes in Daechi-dong and Gaepo-dong; Seocho District (0.14%) rose mainly in major complexes in Banpo-dong and Jamwon-dong; Yeongdeungpo District (0.11%) gained mainly in small and mid-sized units in Yeouido-dong and Yeongdeungpo-dong; and Yangcheon District (0.10%) increased mainly in large complexes in Mok-dong and Sinjeong-dong.
In the northeastern area, Seongdong District (0.27%) rose mainly around stations in Geumho-dong and Oksu-dong; Gwangjin District (0.20%) climbed mainly in major complexes in Gwangjang-dong and Jayang-dong; Mapo District (0.17%) increased mainly in Gongdeok-dong and Sangam-dong; Jung District (0.16%) rose mainly in large complexes in Sindang-dong and Hwanghak-dong; and Yongsan District (0.14%) gained mainly in Munbae-dong and Ichon-dong.
The Korea Real Estate Board (REB) said, "Sale prices rose mainly in preferred complexes such as those pushing redevelopment and areas near stations or large complexes, with higher-price transactions being concluded, keeping the overall upward trend in Seoul."
The greater Seoul area rose 0.03% this week, widening from 0.02% the previous week, while non-capital regions fell 0.02%, maintaining last week's decline.
Gyeonggi Province stayed flat for a second week. Bundang District in Seongnam (0.28%), Gwacheon (0.16%), and Gwangmyeong (0.16%) showed gains, while Paju (-0.23%) and Icheon (-0.10%) declined.
Incheon turned flat from a 0.04% decline the previous week. Michuhol District (0.04%) and Jung District (0.04%) rose, while Gyeyang District (-0.03%) and Seo District (-0.02%) fell.
Nationwide apartment jeonse prices rose 0.03%, widening from 0.02% the previous week. The greater Seoul area (0.03%→0.04%), Seoul (0.07%→0.07%), and non-capital regions (0.02%→0.01%) increased.
The Korea Real Estate Board (REB) said, "With localized shortages of listings and rising transactions centered on preferred complexes such as those near stations and in strong school districts, Seoul overall showed an upward trend."