June Seoul Private Apartment Sale Price per Pyeong 28.21 Million Won... Same as May

Apartment buildings in the Seoul area (Photo by Yonhap News)

[Asia Economy Reporter Ryu Tae-min] Last month, the average sale price per 3.3㎡ (pyeong) of private apartments in Seoul was approximately 28.21 million KRW.

According to the "Private Apartment Sale Price Trends as of the End of June" report released by the Housing and Urban Guarantee Corporation (HUG) on the 15th, the average sale price per 3.3㎡ of apartments in Seoul was recorded at 28.215 million KRW. This is the same level as the previous month but represents a 3.19% decrease 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 14.5596 million KRW, down 0.99% from the previous month. This is a 6.23% increase compared to the same period last year.

The average sale price per 3.3㎡ in the Seoul metropolitan area was 20.2167 million KRW, up 0.54% from the previous month and 4.42% higher than the same month last year. The five major metropolitan cities and Sejong City recorded an average of 15.5661 million KRW, increasing 1.27% from the previous month and 11.66% compared to the same month last year.

Meanwhile, the total number of newly supplied private apartments nationwide last month was 11,114 units, a 49% decrease compared to 21,693 units in the same month last year. The Seoul metropolitan area accounted for 4,275 units, the five major metropolitan cities and Sejong City for 2,026 units, and other regions for 4,813 units.

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