88·New Seoul and Others in 'Yongin 8 School District' Golf Membership Prices Rebound Simultaneously

Major Membership Prices Rose 0.14% Compared to Last Week
Rebound Seems to Have Started Due to Winter Bottom Buying Inflow
Southern Region Still Shows Strong Buying Caution

[Asia Economy Reporter Seohee Lee] While the average price of memberships in the central region has turned to an upward trend, the membership prices in the southern region are expected to continue in a weak market for some time.

According to the Donga Membership Exchange on the 17th, the average price of 100 major memberships traded nationwide was 221.05 million KRW, up 0.14% compared to last week. By price range, the ultra-high price range rose 0.08%, high price range 0.66%, mid price range 0.14%, and low price range 0.55%.

Currently, golf membership prices have slightly increased but show a very narrow fluctuation range, indicating a 'strongly stable market.' The decline in membership prices that began in mid-September turned to a rebound from December.

Since the end of November, active winter bottom-buying orders have flowed in, and most of the lowest-priced listings have been absorbed. The selling atmosphere has also shifted to a 'wait and see' stance, with sellers withdrawing their listings. Buying demand remains cautious, so the industry expects that the price increase will not be significant for the time being, and inquiries for purchases will increase amid differentiated market trends by item.

In particular, the price changes of memberships in the central region, which has geographical advantages, are noticeable. The average price in the central region was 249.59 million KRW, up 0.37% compared to last week. Among major golf courses, items in the Yongin 8 School District such as 88, New Seoul, and Giheung all rebounded with buying demand inflows, showing an upward trend.

88 rose 1.8% from the previous week to 225 million KRW, New Seoul increased 8.1% to 285 million KRW, and Taekwang rose 1.4% to 138 million KRW, showing an overall upward trend. New Korea in the Gangbuk area also showed a 9.4% increase to 160 million KRW as buying demand flowed in after bottom trading.

Most items in the Yeoju area, which had large declines, also showed a rebound. Most items switched to an upward trend, and selling prices increased.

In contrast, the southern region membership market shows a strong buying wait-and-see stance. The average price in the southern region was 147.21 million KRW, down 0.81% compared to last week.

In particular, Ulsan saw a sharp drop in prices due to changes in member benefits. Transactions occurred in line with bottom buying, causing a 5% drop. Changwon also showed a 3.9% decline to 130 million KRW as selling inquiries increased but buying orders decreased. High-priced memberships such as Bayside and Borado have listings appearing, but the listings have not been absorbed, recording declines of 11.7% and 6.9% to 600 million KRW and 580 million KRW, respectively.

Lee Yunhee, team leader of Donga Membership, analyzed, "In the southern region membership market, inquiries about the timing of selling and buying transactions are increasing," and "a differentiated market by item is expected."

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