▲ Apartment Sales
As of May, the average price of private apartments in Seoul has surpassed 60 million won per 3.3㎡ (1 pyeong) for the first time, driven by high presale prices at select apartment complexes in the city.
According to the private apartment presale price trends released by the Korea Housing & Urban Guarantee Corporation (HUG) on June 15, the average presale price per square meter (㎡) for new private apartments nationwide over the past year was recorded at 6.475 million won as of the end of May.
The monthly average presale price calculated by HUG is not based on a single month, but rather the average price of private housing projects that received presale guarantees during the 12 months leading up to the month of publication.
The nationwide presale price per square meter rose by 4.00% from the previous month.
When converted to 3.3㎡, it reached an all-time high of 21.405 million won.
Seoul's average presale price per square meter stood at 19.224 million won, an 8.85% increase from the previous month.
Converted to 3.3㎡, this amounts to 63.55 million won, marking the first time the figure has entered the 60 million won range and setting a new record.
HUG explained that this was due to the high prices of two apartment complexes that began presales in Dongjak-gu in May.
The average presale price per square meter in the Seoul metropolitan area rose by 5.35% from the previous month to 11.081 million won.
Prices in the five major metropolitan cities and Sejong City rose by 6.40% to 7.098 million won, while prices in other regions fell by 0.02% to 4.281 million won.
In May, the number of new private apartment units for sale nationwide was 4,828, a decrease of 16,292 units from the previous month.
The number of units in Seoul increased by 478 to 717, while the number of units in the Seoul metropolitan area decreased by 3,194 to 2,954.
The number of units in the five major metropolitan cities and Sejong City decreased by 2,977 to 737, and the number of units in other regions decreased by 10,121 to 1,137.
(Photo: Yonhap News TV, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.