Nationwide Apartment Sale Price per 3.3㎡ at 14.86 Million KRW... 1.13% Increase from Previous Month

Seoul Apartment Sale Price 28 Million KRW per 3.3㎡... 2.78% Increase Compared to Previous Month

[Asia Economy Reporter Kim Min-young] Last month, the average sale price per 3.3㎡ of private apartments nationwide was 14,866,500 KRW.

According to the 'Private Apartment Sale Price Trends as of the End of September' report released by the Housing and Urban Guarantee Corporation (HUG) on the 17th, the average sale price per 3.3㎡ of apartments nationwide was recorded at 14,866,500 KRW, up 1.13% compared to the previous month.

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.

The average sale price per 3.3㎡ in Seoul was 28,059,900 KRW, up 2.78% from the previous month. However, it fell 10.5% compared to the same month last year. The average sale price per 3.3㎡ of apartments in the metropolitan area was 20,736,000 KRW, an increase of 2.08% compared to the previous month.

The average sale price in the five major metropolitan cities and Sejong City was 15,492,000 KRW, up 0.34% from the previous month, while other provinces recorded 12,196,800 KRW, rising 1.28% month-on-month.

Meanwhile, the total number of newly supplied private apartments nationwide last month was 15,696 units, a 3% increase compared to the same month last year (15,172 units). The metropolitan area accounted for 5,386 units, the five major metropolitan cities and Sejong City for 248 units, and other provinces for 10,062 units.

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