April Seoul Apartment Sale Price per Pyeong 32.24 Million KRW... 1.29%↑ from Previous Month

Apartment view in Seoul / Photo by Moon Honam munonam@

[Asia Economy Reporter Ryu Tae-min] Last month, the average sale price per 3.3㎡ (pyeong) of private apartments in Seoul was approximately 32.24 million KRW.

According to the "Private Apartment Sale Price Trends as of the End of April" report released by the Housing and Urban Guarantee Corporation (HUG) on the 16th, the average sale price per 3.3㎡ of apartments in Seoul was recorded at 32,244,300 KRW, up 1.29% from the previous month. This represents a 14.6% increase compared to the same month last year. HUG’s monthly average sale price is the average sale price of private sale projects for which sale guarantees were issued during the 12 months immediately prior to the announcement.

The nationwide average sale price per 3.3㎡ of apartments was 14,582,700 KRW, up 2.1% from the previous month. This is a 7.70% increase compared to 13,539,900 KRW in the same period last year.

The average sale price per 3.3㎡ in the Seoul metropolitan area was 21,265,200 KRW, rising 1.4% from the previous month and increasing 9.89% compared to the same month last year.

The average sale price in the five major metropolitan cities and Sejong City was 15,312,000 KRW, showing the largest increase compared to March. The month-over-month change rate was 2.82%, and the year-over-year increase was 11.76%. Other provinces recorded 11,532,000 KRW, up 1.75% from the previous month.

Meanwhile, the total number of newly supplied private apartments nationwide last month was 10,622 units, down 39% from 17,280 units in the same month last year. In the Seoul metropolitan area, 2,488 units were supplied; in the five major metropolitan cities and Sejong City, 970 units; and in other provinces, 7,164 units were supplied.

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