In the second quarter of this year, nationwide sales transactions of Knowledge Industry Complexes fell by more than 30% from the previous quarter. The transaction amount also dropped back into the 200 billion won range for the first time since the fourth quarter of 2022.
According to the "Second-quarter 2026 nationwide Knowledge Industry Complex sales market trend report" released by RealtyPlanet on the 8th, nationwide Knowledge Industry Complex sales transactions in the second quarter totaled 560. That was down 33.1% from the same period a year earlier (837) and 34.7% from the previous quarter (858).
The decline in transaction value was steeper. The nationwide Knowledge Industry Complex sales transaction value in the second quarter was 217.9 billion won, down 40.9% from 369.0 billion won in the previous quarter. It also fell 40.0% from 363.4 billion won in the second quarter of last year. It was the first time since the fourth quarter of 2022, when it was 288.5 billion won, that the nationwide Knowledge Industry Complex transaction value was in the 200 billion won range.
Prices also weakened. The average sales price per 3.3 square meters of exclusive area for nationwide Knowledge Industry Complexes in the second quarter was 15.22 million won, down 3.7% from 15.81 million won in the previous quarter and 3.2% from 15.73 million won a year earlier.
Transactions fell in both the Seoul metropolitan area and non-capital regions, but the drop was sharper outside the capital region. In the second quarter, the Seoul metropolitan area, including Seoul, Gyeonggi and Incheon, recorded 506 transactions and 200.2 billion won in transaction value, down 31.9% and 34.1% from the previous quarter, respectively. Compared with a year earlier, transactions fell 32.1% and transaction value dropped 40.4%.
Non-capital region transactions plunged to 54, down 53.0% from 115 in the previous quarter. The transaction value also fell 72.9% from 65.3 billion won to 17.7 billion won. Of the total 560 transactions, 506 were in the capital region, accounting for about 90%.
Seoul's decline was also notable. In the second quarter, Seoul recorded 125 Knowledge Industry Complex transactions, down 39.3% from 206 in the previous quarter, and the transaction value fell 45.8% from 137.0 billion won to 74.3 billion won.
Among Seoul districts, Geumcheon ranked first in transaction volume with 39. It was followed by Gangseo with 23, Guro and Yeongdeungpo with 20 each, and Songpa with 17. In transaction value, Yeongdeungpo was highest at 15.9 billion won, followed by Geumcheon at 15.7 billion won, Gangseo at 15.5 billion won, and Guro at 13.4 billion won.
Seoul's average sales price per 3.3 square meters of exclusive area was 24.03 million won, down 4.0% from the previous quarter. By district, Yeongdeungpo was highest at 34.26 million won, followed by Songpa at 32.43 million won, Seongdong at 31.15 million won, and Gangseo at 28.11 million won.
Gyeonggi Province also continued to see fewer transactions. Second-quarter transactions were 349, down 28.6% from 489 in the previous quarter, and the transaction value was 117.4 billion won, down 23.5% from 153.4 billion won in the previous quarter. Compared with a year earlier, transactions fell 33.5% and transaction value dropped 41.4%.
In Gyeonggi Province, Seongnam had the most transactions with 39. It was followed by Hanam with 36, Yangju with 31, Anyang with 30, and Hwaseong with 29. In transaction value, Goyang was highest at 16.0 billion won.
Jeong Su-min, CEO of RealtyPlanet, said, "While Knowledge Industry Complex transactions were significantly subdued nationwide in the second quarter, more than 90% of all transactions took place in the capital region," adding, "Even amid a market downturn, demand is becoming more concentrated in the capital region."