Seoul apartment prices held steady for the second straight week. Jeonse prices widened their gains after a week.
According to the weekly apartment price trends for the first week of June 2026 (as of the 1st) that the Korea Real Estate Board (REB) released on the 4th, Seoul apartment sale prices rose 0.25%. The rate of increase itself was the same as the previous week, and prices have risen for 69 consecutive weeks since the first week of Feb. last year.
The Korea Real Estate Board (REB) said, "With some areas seeing fewer purchase inquiries due to a wait-and-see mood and other areas—centered on new builds, large complexes, and stationside complexes—seeing steady rising transaction activity, Seoul overall increased."
In the Gangbuk area, Dongdaemun District (0.37%) climbed sharply, led by small and mid-size complexes in Dapsimni and Huigyeong-dong, and Seongdong District (0.35%) and Gangbuk District (0.35%) also saw strength in major complexes. In the Gangnam area, Gangseo District (0.31%), centered on Gayang and Hwagok-dong with good transport access, and Yeongdeungpo District (0.31%), buoyed by reconstruction expectations in Yeouido and Daerim-dong, led the gains.
Gyeonggi expanded its weekly gain from 0.09% to 0.12%. Dongtan District in Hwaseong (0.60%) and Gwangmyeong (0.43%) rose quickly, while Gwacheon (-0.19%) and Icheon (-0.16%) saw price adjustments mainly in large complexes.
In Incheon (0.03%→0.02%), gains were centered on Yeonsu District (0.06%), Dong District (0.04%), and Michuhol District (0.04%). The greater Seoul area as a whole rose 0.14%, a higher rate than the previous week's 0.13%. Non-capital regions (0.00%) shifted to flat after six weeks of declines. The five major metropolitan cities and Sejong each fell 0.02%. The eight provinces rose 0.01%. Nationwide sale prices increased 0.07% from the previous week.
The jeonse market also rose 0.11% nationwide as supply-demand imbalances persisted due to a shortage of listings. As with sales, gains were notable in the greater Seoul area (0.18%) and Seoul (0.29%). Preference among tenants is concentrating on major complexes with strong school districts or close to subway stations that offer good residential conditions, leading to a series of higher-priced contracts.
The Korea Real Estate Board (REB) said, "With steady lease inquiries and continued strong jeonse demand, higher-priced contracts occurred mainly in major complexes with favorable residential conditions such as top school districts, stationside locations, and large complexes, pushing Seoul overall higher."
In northern Seoul, Seongdong District (0.48%), centered on stationside areas in Haengdang and Oksu-dong, and Dobong District (0.47%), led by large complexes in Chang and Banghak-dong, led the gains in jeonse prices. In southern Seoul, Songpa District (0.50%) stood out as large complexes in Jamsil and Sincheon-dong drew in lease demand, followed by Gwanak District (0.36%), home to major complexes in Bongcheon and Sillim-dong.
In Gyeonggi (0.14%), Dongtan District in Hwaseong (0.37%), Gwangmyeong (0.34%), and Hanam (0.32%) maintained a firm trend, while Icheon (-0.16%) and Gwacheon (-0.14%), still feeling the impact of new apartment supply, declined. Jeonse in non-capital regions rose 0.03% from the previous week. The five major metropolitan cities rose 0.04%, Sejong rose 0.10%, and the eight provinces each rose 0.02%.