In the Seoul metropolitan real estate market, with apartment prices remaining strong mainly in northern Seoul and southern Gyeonggi, the monthly rate of increase in sale prices expanded slightly from the previous month. The average Seoul apartment transaction price exceeded 1.6 billion won.
According to the August (as of the 10th) nationwide dwellings price trends released by KB Kookmin Bank on the 23rd, Seoul apartment sale prices rose 1.14% from a month earlier, with the increase widening by 0.09 percentage points from the prior month. By district, Jungnang District (2.25%) recorded the highest figure for the second straight month, followed by Seongbuk District (2.08%), Nowon District (1.95%), and Jongno District (1.94%), as key northern areas pushed up market transaction prices.
In Gyeonggi (0.83%), Yeongtong District in Suwon (2.85%), Suji District in Yongin (2.76%), and Dongtan District in Hwaseong (2.61%) posted notable gains. However, Yeongtong District in Suwon, which rose 3.06% last month, and Dongtan District in Hwaseong, which climbed 6.25% on expectations for the semiconductor cycle, saw their uptrends slow. Incheon rose 0.06%, and the national average apartment sale price increased 0.41%.
In the lease market, Seoul apartment jeonse prices rose 1.10%, extending their gains. Compared with the previous month, the pace of increase fell by 0.24 percentage points. Jeonse prices climbed markedly in Seongbuk District (2.21%), Jungnang District (2.05%), and Gangbuk District (1.91%).
In Gyeonggi (0.70%), jeonse transactions showed gains centered on Guri (1.77%) and Dongtan District in Hwaseong (1.74%). Incheon rose 0.29%. National average apartment jeonse prices increased 0.45%.
The KB Leading Apartment 50 Index, which indexes the monthly market cap change rate of the top 50 apartments by market capitalization, recorded 99.4, up 0.20% from the previous month. Prices of high-priced large complexes, which paused temporarily last spring when tax relief for owners of multiple homes expired, have maintained an uptrend for three consecutive months since June.
Meanwhile, the average sale price of a Seoul apartment reached 1,607.39 million won, entering the 1.6 billion won range. The average price in the 11 Gangnam districts was 1,990.16 million won, nearing the 2 billion won mark. The median sale price was tallied at 1,291.67 million won for Seoul overall and 1,001.67 million won for the 14 northern districts.
As for the sale outlook index, which anticipates the future direction of prices, Seoul (117.8) remained above the baseline of 100 that indicates expectations for gains, but it edged down from the previous month, partly reflecting expectations for a moderation in the uptrend.