THE INVESTOR

메뉴열기
April 13, 2021

Apartment prices in Seoul show no signs of coming down

PUBLISHED : April 07, 2021 - 17:42

UPDATED : April 07, 2021 - 17:42

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

Apartment complexes in Seoul (Yonhap)

The prices of apartments in Seoul measuring 60 square meters or less continued an upward trend last month, according to data on April 7.

A report on monthly housing price trends released by commercial bank KB Kookmin Bank showed that the average selling price of a small apartment in Seoul stood at 768 million won ($687,793), up 22.7 percent on-year.

For newlyweds and small families, 60 square meters is a popular size. Nowon-gu, Dobong-gu, Gangbuk-gu and Geumcheon-gu were among the districts where the cost of a small apartment aged 30 years or older climbed at a steep pace.

Homes in the Misung Apartment Complex in Nowon-gu measuring 50.14 square meters, for instance, sold for an average of 795 million won in March, up by 150 million or 200 million won year-on-year, depending on how high up they were.

In Gangnam last month, a 37-year-old apartment measuring 51.12 square meters was sold for 1.52 billion won.

“Middle-income families that are subject to the government’s loan restrictions seem to look for relatively undervalued houses in Seoul,” an official from the bank said.

Meanwhile, the average price of an apartment in Seoul measuring 135 square meters surpassed 2.2 billion won last month, up 250 million won on-year amid growing expectations of redevelopment projects in upscale districts.

By Kim Young-won (wone0102@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Jeon Chang-hyeop
Publisher. Editor : Jeon Chang-hyeop
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.