At the end of last month, the apartment price gains expanded in Giheung District of Yongin, Gyeonggi Province, and in Guri, which were newly designated as regulated area. While Dongtan District in Hwaseong saw its gains narrow, nearby Yeongtong District in Suwon posted an increase nearly three times higher than the previous week, showing a balloon effect.
According to the weekly apartment price trends for the first week of July this year (as of the 6th) that the Korea Real Estate Board (REB) released on the 9th, nationwide apartment sale prices rose 0.11% from the previous week, and jeonse prices also climbed 0.12%. Among those surveyed across 181 cities, counties, and districts, the number of areas where sale prices rose or were flat increased, while the number of declining areas fell, lifting the overall market mood.
By region, strength is clear in the greater Seoul area. Seoul rose 0.30% and Gyeonggi Province gained 0.23%, leading the overall uptrend.
The REB said, "Some market participants remain on the sidelines in certain areas, but with steady demand centered on complexes with development expectations and large, well-situated complexes near stations with good residential conditions, higher-priced transactions occurred and all of Seoul rose."
By district, in the northern part of the city, Seongbuk District (0.51%) posted a sharp rise led by large complexes in Hawolgok-dong and Jongam-dong, followed by Jungnang District (0.39%) and Gwangjin District (0.38%). In the southern part, Guro District (0.50%) stood out on strong demand focused on areas near stations, while Songpa District (0.34%) and Gangdong District (0.34%) also climbed, led by large complexes and small to mid-size apartments.
In Gyeonggi, areas bound by triple regulation (speculative overheating district, designated adjustment area, land transaction permit zone) from this month continued to rise. Dongtan District in Hwaseong jumped 1.29% in a week, recording the highest gain nationwide. Guri rose 0.64% and Giheung District in Yongin climbed 0.56%, expanding their increases by 0.34 percentage point and 0.17 percentage point from the previous week, respectively. Yeongtong District in Suwon rose 1.19%, Bundang District in Seongnam 0.48%, Jungwon District in Seongnam 0.45%, and Gwangmyeong 0.44%.
Incheon posted 0.03%, a slightly smaller gain than the previous week, while Gyeonggi Province widened its increase to 0.23%. Icheon (-0.13%) and Pyeongtaek (-0.11%) fell. The provinces edged up 0.01%, staying flat overall. Ulsan (0.07%) and North Jeolla (0.06%) rose, but Sejong (-0.05%), the administrative city, as well as Jeju (-0.05%) and Daegu (-0.02%), remained in negative territory.
The jeonse market also continues to show instability. Nationwide weekly apartment jeonse prices rose 0.12%, outpacing sale price gains. The greater Seoul area (0.20%) is leading the rise, including Seoul (0.31%) and Gyeonggi (0.17%).
In Seoul's jeonse market, shortages persist at large complexes near stations with good school districts or convenient transportation, leading to a lack of listings and successive higher-priced contracts. Seongdong District (0.46%), Nowon District (0.44%), Gangdong District (0.43%), and Songpa District (0.42%) all saw strong gains in large, high-demand residential clusters across both the northern and southern parts of the city.
Jeonse prices in the provinces also rose 0.04%. Notably, Sejong, which was flat the previous week, jumped 0.23% this week, drawing attention, while Ulsan (0.13%), Busan (0.08%), and South Gyeongsang (0.08%) firmed their uptrends on the back of major complexes. In contrast, some areas such as Jeju (-0.04%), North Gyeongsang (-0.02%), and Gwangju (-0.02%) continued to see jeonse price declines, widening the gap between regions.