Increase in Individual and Corporate Golf Membership Orders... Hwasan Over 20 Million Won

Dong-A Membership Pass March 1st Week Golf Course Prices
Strong Firm Trend Continues Amid Shortage of Listings

As inquiries for golf membership transfers have significantly increased, the market continues to show a firm upward trend. With additional purchase orders from individuals and corporations, prices for high-end listings are also rising.

According to Dong-A Membership Trading Center on the 4th, the average market price of memberships for 100 major golf courses nationwide this week was 229.83 million KRW, up 0.42% from the previous week. By price range, ultra-high-end memberships rose 0.37%, high-end 0.46%, and mid-range 0.74%, while only the low-end saw a slight decline of 0.07%. Dong-A Membership Trading Center commented, "Buyers who were waiting for further declines are now actively participating as the firm upward trend continues," adding, "Since there are not many listings, this firm trend is expected to persist for the time being."

Regionally, the average price in the central region rose 0.37% from last week to 260.09 million KRW. Asiana formed a price of 720 million KRW, increasing by 20 million KRW without any transactions due to a widening gap between selling and buying offers. The ultra-high-end East Valley membership also recorded 1.79 billion KRW, up 20 million KRW from the previous week, as corporate purchase inquiries increased. Hwasan saw its price jump 20 million KRW to 890 million KRW due to active purchase orders from both individuals and corporations.

In the northern region, Seowon Valley halted its decline after low-priced listings were traded, rising 5 million KRW from the previous week to 430 million KRW. Jayu, which had seen a significant recent increase amid hole expansion issues, shifted to a stable trend, maintaining its price at 280 million KRW. Park Cheon-ju, team leader at Dong-A Membership Trading Center, analyzed, "Most low-priced listings in the central region were traded, sustaining the firm upward trend," and added, "With the start of the spring season, inquiries for transactions are expected to continue."

The average price in the southern region rose 0.66% from last week to 101.53 million KRW. Tongdo Pine East and Yongwon each increased by 2 million KRW to 77 million KRW and 85 million KRW, respectively, due to active purchase orders. Dongnae Benest is trading at 160 million KRW, up 5 million KRW from the previous week, as accumulated purchase orders have been executed. Ulsan recorded a price increase of 10 million KRW to 210 million KRW amid intense bidding between sellers and buyers, with strong buying momentum entering the market.

Additionally, Dongbusan and Haeundae saw increases of 5 million KRW each, reaching 255 million KRW and 125 million KRW, respectively, as inquiries from individuals and corporations increased and the gap between selling and buying offers widened.

Lee Yun-hee, team leader at Dong-A Membership Trading Center, stated, "The southern region's membership market is also seeing increased purchase inquiries as the season begins."

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