Seoul apartment prices widened their gains for the second straight week, marking 33 consecutive weeks of increases.
According to the Korea Real Estate Board (REB) on the 18th, nationwide apartment sale prices in the third week of September (15th) rose 0.02%, with the increase widening from the previous week's 0.01%.
Seoul apartment sale prices rose 0.12%, with the increase widening from the previous week's 0.09%. The week-over-week change in Seoul apartment prices, which was 0.08% in the first week of September, edged up to 0.09% in the second week, and the third week also showed a wider gain.
By district, Yangcheon-gu (0.19%) rose mainly around the Sinjeong and Mok-dong station areas; Songpa-gu (0.19%) mainly in Jamsil and Garak-dong; Seocho-gu (0.17%) mainly in key complexes in Seocho and Banpo-dong; and Yeongdeungpo-gu (0.15%) mainly in small and mid-sized units in Singil and Yeouido-dong.
In Gangbuk, Seongdong-gu (0.41%) rose mainly in Seongsu and Geumho-dong; Mapo-gu (0.28%) mainly in key complexes in Seongsan and Gongdeok-dong; Gwangjin-gu (0.25%) mainly in school zones in Jayang and Guui-dong; Jung-gu (0.18%) mainly in large complexes in Sindang and Jungnim-dong; and Yongsan-gu (0.12%) mainly in Ichon and Hannam-dong.
The Korea Real Estate Board (REB) said, "While some complexes are maintaining a wait-and-see attitude in transaction, Seoul's overall upward trend continued as buyer inquiries increased and higher-price contracts were signed, centering on favored complexes such as those pursuing redevelopment, large complexes, and station areas."
The greater Seoul area rose 0.04% this week, with the increase widening from 0.03% the previous week, while non-capital regions fell 0.01%, narrowing the decline from -0.02% the previous week.
Gyeonggi turned upward, rising 0.01% after being flat the previous week. Bundang-gu in Seongnam (0.34%) and Gwangmyeong (0.28%) showed gains, while Pyeongtaek (-0.21%) and Icheon (-0.12%) declined.
Incheon remained flat, following the previous week. Michuhol-gu (0.05%) and Dong-gu (0.02%) rose, while Bupyeong-gu (-0.04%), Yeonsu-gu (-0.03%), and Gyeyang-gu (-0.02%) declined.
Nationwide apartment jeonse prices rose 0.03%, maintaining the previous week's increase. The greater Seoul area (0.04%), Seoul (0.07%), and non-capital regions (0.01%) all maintained their week-earlier gains.
The Korea Real Estate Board (REB) said, "Seoul as a whole showed an upward trend, with higher-price contracts being signed mainly in key complexes such as station areas and school zones with favorable residential conditions."