Based on KB Kookmin Bank statistics, the average sale price of apartments in Seoul has surpassed 1.5 billion won, and the median price topped 1.1 billion won for the first time.
According to the December nationwide price trends for dwellings released by KB Real Estate on the 28th, as of the 15th of this month, Seoul apartment sale prices rose 1.06%, marking a 19th consecutive month of gains.
The increase in Seoul apartment prices narrowed from 1.72% in the previous month, but still climbed more than 1% on a monthly basis.
By area, Songpa (2.65%), Yongsan (2.37%), Seocho (2.04%), and Jung-gu (2.03%) posted increases of more than 2%. They were followed by Yeongdeungpo (1.59%), Gangnam (1.41%), Dongjak (1.24%), Gwangjin (1.21%), and Seongdong-gu (1.18%), each rising more than 1%.
The average sale price of Seoul apartments first surpassed 1.4 billion won in Jul. (1.40572 billion won) and jumped to 1.5081 billion won in five months, breaking 1.5 billion won for the first time.
The median apartment sale price in Seoul also came in at 1.10556 billion won this month, surpassing 1.1 billion won for the first time.
In the greater Seoul area excluding Seoul, apartment prices in Gyeonggi and Incheon rose 0.38% and 0.03%, respectively, this month. Gyeonggi and Incheon have risen for seven and two consecutive months, respectively.
Nationwide apartment prices rose 0.32%. The greater Seoul area was up 0.53%; the five metropolitan cities (Gwangju, Daejeon, Daegu, Ulsan, and Busan) rose 0.12%; and other regions (the eight provinces) increased 0.09%.