The Highest Increase Rate in Official Prices of Individual Detached Houses in Seoul is 'Yongsan-gu'
Seoul Average Officially Announced Property Price Increase Rate is 9.83%
[Asia Economy Reporter Lim Onyu] The district with the highest increase in individual detached house official prices in Seoul this year was Yongsan-gu.
Seoul City announced on the 20th that the average increase rate of official prices for 294,295 individual detached houses in the city, excluding new registrations, which entered the inspection phase the day before, was 9.83%. This is a provisional figure pending procedures such as objections.
The highest increase rates were ▲Yongsan-gu (13.07%) ▲Seocho-gu (12.69%) ▲Gangnam-gu (12.47%).
▲Dongjak-gu (12.20%) ▲Mapo-gu (12.09%) ▲Jung-gu (11.93%) ranked 4th to 6th, and ▲Songpa-gu (11.02%) ▲Yeongdeungpo-gu (10.77%) ▲Seodaemun-gu (10.68%) ▲Gwanak-gu (10.47%) also made it into the top 10.
Following them, ▲Seongdong-gu (10.37%) ▲Jongno-gu (9.99%) recorded increases above the average.
▲Gangdong-gu (9.80%) was slightly below the Seoul average, followed by ▲Gangseo-gu (9.07%) ▲Gwangjin-gu (8.99%) ▲Dongdaemun-gu (8.37%) ▲Geumcheon-gu (8.06%) ▲Eunpyeong-gu (7.21%), Seongbuk-gu (7.16%), and Yangcheon-gu (7.02%).
▲Jungnang-gu (6.86%) ▲Nowon-gu (5.78%) ▲Gangbuk-gu (5.77%) ▲Guro-gu (5.05%) ▲Dobong-gu (4.86%) were among the lower ranks in individual detached house price increases.
This differs from the standard house official price change rate announced by the Ministry of Land, Infrastructure and Transport in December last year. The average increase in Seoul's standard house official prices was 10.13%, with ▲Dongjak-gu (12.86%) having the highest increase rate, followed by the so-called 'Gangnam 3 districts' ▲Seocho-gu (12.19%) ▲Gangnam-gu (11.93%) ▲Songpa-gu (11.86%).
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The official price of individual detached houses is calculated based on the standard house official prices, which are assessed for representative houses, and is finalized and announced after owner inspection, objections, and review by the relevant local government.
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