Golf Membership Prices Continue to Rebound... New Korea Soars Above 160 Million Won

Analysis of Dong-A Membership Prices for the 4th Week of December
Average Price of 100 Major Memberships Nationwide: 221.06 Million KRW...0.01% Increase from Previous Week
Price Rise Centered on High and Low Priced Listings

As the winter season begins, golf membership prices continue to rebound. Prices have risen mainly for high-end and low-end listings. With listings being depleted and asking prices increasing, there is a forecast that price increases due to a shortage of listings may continue after the new year.

According to the Donga Membership Exchange on the 24th, the average price of 100 major memberships traded nationwide is 221.06 million KRW, up 0.01% compared to last week. By price range, ultra-high-end prices fell 0.38%, while high-end prices rose 0.61%. Mid-range prices dropped 0.06%, and low-end prices increased 0.91%.

Donga Membership Exchange explained, "Currently, there is a significant gap between seller and buyer asking prices, leading to intense mutual jockeying," and added, "Unnamed memberships, which remain popular among corporations, are disappearing." They also noted, "Corporations are increasingly seeking named memberships, causing buying offers to gradually rise."

There were clear regional differences. The average price in the central region rose 0.04% from the previous week to 249.68 million KRW. New Korea, which had experienced a sharp decline, turned strongly bullish. As low-priced listings were cleared and buying demand surged, the price rose 15 million KRW from the previous week to 160 million KRW. New Seoul also saw sellers set higher asking prices, with buyers responding, resulting in a 12 million KRW increase to 285 million KRW compared to last week. Incheon International showed a slight rise to 81 million KRW, up 1 million KRW, as buyers gradually entered the market. Jeil traded at 205 million KRW, up 2.5%, and Taekwang was traded at 138 million KRW, up 1.2%.

In the Yeoju area, Blue Heron cleared high-priced listings, reaching 160 million KRW, up 15 million KRW from the previous week. Conversely, Lakeside fell 40 million KRW to 1 billion KRW due to a lack of buying demand and accumulating listings. Seowon Valley (450 million KRW → 435 million KRW) and Ipo (34 million KRW → 33 million KRW) also declined. Dong Jongsung, manager at Donga Membership Exchange, said, "Since price fluctuations are very frequent during the winter season, the jockeying between sellers and buyers is expected to become even more intense."

The average price in the southern region fell 0.14% from the previous week to 147 million KRW. Busan experienced a decline, with prices dropping 2.78% to 350 million KRW. On the other hand, Daegu saw an increase in buying orders, rising from 118 million KRW last week to 130 million KRW. Lee Yunhee, team leader at Donga Membership Exchange, predicted, "The southern membership market is showing differentiated trends by category and is expected to continue a slightly weak market."

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