Seoul Sees Simultaneous Rise in Apartment Transactions for Both High-End (Over 2 Billion Won) and Mid-to-Low (300–600 Million Won) Segments

Last month, the Seoul apartment market saw an increase in the share of transactions for both high-end apartments priced at 2 billion won or more and relatively lower-priced units between 300 million won and 600 million won compared to the beginning of the year.

According to an analysis of Ministry of Land, Infrastructure and Transport real transaction data by Zigbang on June 15, the share of Seoul apartment transactions priced at 2 billion won or more reached 13.6% in May, up 3.2 percentage points from January.

The share of transactions in the 300 million to 600 million won range also increased by 2.7 percentage points, rising from 15.8% to 19.5% during the same period.

The segment with the largest share was the 600 million to 900 million won range (23.8%), though this figure decreased by 3.5 percentage points compared to January.

The expansion in the share of transactions for properties priced at 2 billion won or more was particularly notable in the "Gangnam 3-gu" (Gangnam, Seocho, and Songpa districts) and Yongsan-gu, where high-end housing is concentrated.

Songpa-gu saw an increase of 18.8 percentage points (36.1% to 54.9%), while all three Gangnam districts, including Seocho-gu (53.6% to 71.1%) and Gangnam-gu (58.1% to 72.9%), recorded double-digit percentage point growth. Yongsan-gu also saw a 7.6 percentage point increase (47.6% to 55.2%).

The share of transactions in the 300 million to 600 million won range expanded significantly in districts such as Gwangjin-gu (15.6% to 36.3%), Gwanak-gu (15.6% to 30.6%), and Dongjak-gu (1.0% to 10.2%).

While ultra-high-end transactions continue to be concentrated in the Gangnam area and along the Han River, other regions are seeing an increase in the share of transactions for more accessible price ranges.

In Gyeonggi Province, the share of transactions by price range varied depending on accessibility to Seoul and connectivity to major industrial and business districts.

Yongin, which benefits from both proximity to Seoul and expectations surrounding the development of a semiconductor industry belt, saw its share of transactions priced at 900 million won or more rise from 19.0% to 28.3%. Hwaseong, which includes the Dongtan area, also reflected the semiconductor industry boom, with the share of transactions between 600 million and 900 million won rising from 37.5% to 38.4%, and the share of transactions between 1.2 billion and 1.5 billion won increasing from 4.8% to 7.9%.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.