January Seoul Private Apartment Sale Price per 3.3㎡ at 31.62 Million KRW... 12% Increase YoY

Apartment complex in Seoul area (Photo by Yonhap News)

[Asia Economy Reporter Ryu Tae-min] Last month, the average sale price per 3.3㎡ of private apartments in Seoul exceeded 31.62 million KRW.

According to the 'Private Apartment Sale Price Trends' by the Housing and Urban Guarantee Corporation (HUG) on the 15th, as of the end of last month, the sale price per 3.3㎡ of apartments in Seoul was 31,626,000 KRW, an increase of 11.86% compared to the same period last year. However, it decreased by 4.01% compared to the previous month (32,943,900 KRW).

Last month, the sale price per 3.3㎡ of private apartments nationwide was 14,172,000 KRW, up 9.06% from January last year. The metropolitan area recorded 20,651,400 KRW, a 6.3% increase compared to the same period last year. The sale price in the five major metropolitan cities and Sejong was 14,543,100 KRW, rising 10.17%.

The monthly average sale price announced by HUG refers to the average sale price of private sale projects for which sale guarantees were issued during the 12 months immediately prior to the announcement.

Last month, the total number of newly sold private apartment units nationwide was 15,625, a 90% increase compared to the same month last year (8,223 units). In the metropolitan area, 5,984 units were newly sold, and 1,957 units were newly sold in the five major metropolitan cities and Sejong. Excluding these, 7,684 units were newly sold in other regions.

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