Since the Oct. 15 real estate measures took effect last year, apartment prices in Suji District in Yongin, Gyeonggi, have risen the most. Analysts say prices were undervalued compared with Bundang District in Seongnam, where home prices surged, and that expectations for a semiconductor cluster to be built in Yongin played a role.
According to the Korea Real Estate Board (REB) on the 19th, from the first week of November last year to the second week of January this year, apartment sale prices in Suji District rose 4.25%. That was the highest increase in the country during the same period.
Next were Bundang District in Seongnam, Gyeonggi (4.16%), Songpa District in Seoul (3.63%), Gwacheon, Gyeonggi (3.44%), Dongjak District in Seoul (3.42%), Seongdong District in Seoul (3.33%), and Gwangmyeong, Gyeonggi (3.29%).
Suji is considered to have excellent access to Seoul. It is close to the Gyeongbu Expressway and has good access to Gangnam and the Pangyo Techno Valley. Easy commuting to the future Yongin semiconductor cluster is also an advantage.
New record-high prices are also following. An exclusive 84㎡ unit at Seongbok Station Lotte Castle Gold Town in Seongbok-dong sold for 1.575 billion won (17th floor) in December last year, setting a new high. On the 11th, an 84㎡ unit at e-Pyeonhansesang Suji in Pungdeokcheon-dong had a transaction at 1.475 billion won.
However, as the Oct. 15 measures included the area in a land transaction permit zone, transactions are not active. According to real estate platform Asil, apartment listings in Suji District totaled 2,983 on the 18th, about half the 5,639 on Oct. 15 last year.