The sale prices for private apartments with a dedicated area of 59㎡, a mid-sized housing type, in Seoul have continued an upward trend, reaching nearly triple the national average.

According to an analysis of Korea Real Estate Board subscription data released by real estate evaluation firm Real House today (August 10), the national average sale price for private apartments with a dedicated area of 59㎡ stood at 530.72 million won as of July this year (based on a 12-month moving average).

By region, Seoul recorded an average of 1.56257 billion won, which is close to three times the national average (530.72 million won).

Compared to the previous month, prices rose by 3.90%, and compared to the same month last year, they surged by 26.7%.

Gyeonggi Province (676.83 million won) saw a 0.11% increase from the previous month and a 10.7% rise compared to the same month last year.

The national average sale price for apartments with a dedicated area of 84㎡, commonly referred to as the standard "national housing type," was 718.20 million won.

In Seoul, the average price for this type (1.90872 billion won) dropped by 2.33% from the previous month but rose by 13.1% compared to the same month last year. Meanwhile, Gyeonggi Province (950.25 million won) increased by 1.3% from the previous month and 18.6% from the previous year.

In July, newly supplied private apartments nationwide totaled 13,059 households across 24 complexes, marking a 14.0% decrease from the previous month.

Kim Sun-ah, head of the subscription analysis team at Real House, noted, "With the sale price of Seoul's standard national housing type rising to the 1.9 billion won range, a tax reform proposal has been introduced that differentiates holding tax burdens based on actual residency status. Consequently, prospective homebuyers must consider not only the initial purchase price but also the holding costs after moving in," adding that "actual residency plans will become a critical factor in subscription applications."