RealtyPlanet on the 11th released the "April 2026 Seoul office sales market trends report," which analyzed actual transaction price data from the Ministry of Land, Infrastructure and Transport.
According to the report, Seoul's office sales market in April showed divergent trends between the office building and office unit markets. Office buildings saw an increase in transaction volume but a decrease in transaction value, while office units recorded a decline in transaction volume yet an increase in transaction value.
Seoul office building sales transaction volume in April was eight deals, up 33.3% from the previous month (six deals). In contrast, the sales transaction value fell 51.4% to 275.0 billion won from 565.8 billion won. Compared with the same month a year earlier, transaction volume dropped 20.0% and transaction value declined 78.0%.
Major transactions included the Hana Insurance Building in Jongno District at about 136.9 billion won, followed by the ABL Life Insurance headquarters in Jongno District at about 54.0 billion won and the Prime Building in Gangdong District at about 51.0 billion won.
By zone, two transactions totaling 190.9 billion won were completed in the CBD (Jongno District and Jung District). The GBD (Gangnam District and Seocho District) had one transaction at 8.0 billion won, and the YBD (Yeongdeungpo District and Mapo District) had no transactions for the third straight month.
In the office unit market, transaction volume was 98 deals, down 7.5% from the previous month, but transaction value rose 63.0% to 483.1 billion won. Year over year, transaction volume fell 21.0%, while transaction value increased 119.5%.
Corporations accounted for more than half of buyers in both office buildings and office units. Corporations purchased five of the eight office building deals and 52 of the 98 office unit deals. By transaction value, corporate-to-corporate transactions exceeded 90% for both office buildings and office units.
As of April, domestic REITs (real estate investment trusts) total assets aggregated 123.4 trillion won. Of that, office assets were 43.49 trillion won, accounting for 35.2% of the total. The scale of office assets increased 33.0% from a year earlier.
Indicators related to the supply of business facilities were mixed. The total floor area with use-approval in April was 221,422㎡, up 198.3% from the previous month, while the total floor area with building permits was 116,505㎡, down 68.5% from the previous month.
Jeong Su-min, CEO of RealtyPlanet, said, "Seoul's office sales market in April showed decreasing office building transaction value while office unit transaction value increased," and noted, "With corporate buying and REITs asset expansion continuing, and leading supply indicators remaining low, a selective investment trend centered on high-quality assets is likely to persist."