Average Sale Price per 3.3㎡ of Private Apartments in Seoul in May at 27.03 Million KRW... Nationwide Average at 12.15 Million KRW

[Asia Economy Reporter Moon Jiwon] The average sale price per square meter of private apartments in Seoul rose by 2.52% compared to the previous month.

The Housing and Urban Guarantee Corporation (HUG) disclosed the results of the "Nationwide Private Apartment Sale Price Trends" survey on the 15th, which included this information.

As of the end of last month, the average sale price per square meter of private apartments in Seoul was 8,191,000 KRW, up 2.52% from the previous month. Converted to per 3.3㎡, it is 27,030,300 KRW.

The average sale price per square meter of private apartments nationwide was 3,683,000 KRW, an increase of 1.03% from the previous month. Per 3.3㎡, it is 12,153,900 KRW.

New sale prices were relatively high in areas such as Bupyeong and Seo-gu in Incheon, Yeonje-gu in Busan, Buk-gu in Daegu, Dong-gu in Ulsan, and Jeju City in Jeju, leading to an increase compared to the previous month.

The metropolitan area recorded 5,587,000 KRW, a 0.32% decrease from the previous month, while the five major metropolitan cities and Sejong City saw a 1.77% increase. Other provinces rose by 1.41%.

As of the end of last month, the total number of newly supplied private apartment units nationwide was 27,803, a 36% increase compared to the same month last year (20,518 units).

The number of newly supplied units in the metropolitan area totaled 15,034.

Detailed information on nationwide private apartment sale prices and new supply unit trends can be found on the HUG website or the National Statistical Portal.

This content was produced with the assistance of AI translation services.