Golf Membership Prices Rise Influenced by Spring Season 'Bull Market'

New Seoul and New Korea Corporation Buying Frenzy
Average Market Price 236.74 Million KRW... 0.60% Increase Compared to Last Week

The full-fledged golf season is underway. Changes are also being detected in the golf membership market. As the supply of listings decreases, sellers' asking prices are appearing very high.

As of the 29th, the average market price of 100 major memberships traded nationwide is 236.74 million KRW. This is a 0.60% increase compared to last week. By price range, the ultra-high price segment rose 0.71%, high price segment 0.48%, mid-price segment 0.82%, and low price segment 0.12%. The Donghoe Membership Exchange stated, "With corporations trading, the market price has shifted to an upward trend," and forecasted, "The upward trend is expected to continue until before the heatwave arrives."

The central region is also seeing price movements. The average market price in the central region is 267.82 million KRW, up 0.62% from last week. Giheung experienced strong buying demand, rising 1.22%. 88 met favorable conditions with only high-priced listings appearing, soaring 2.29%. This marks a sharp rise for two consecutive weeks. This week, Gold, which had weak buying demand, is also receiving recent purchase orders. New Seoul and New Korea are also experiencing strong individual and corporate buying demand, rising 0.90% and 1.10%, respectively. Suwon listings have disappeared, increasing sharply by 3.86%. Team leader Moon Jong-sung predicted, "The central region membership market will continue its upward trend."

The average market price in the southern region is 156.29 million KRW, up 0.55% compared to last week. Gaya rose 2.86%, Dongnae Benest 2.94%, Asiad 1.03%, and Changwon increased 1.37%. Team leader Lee Yun-hee analyzed, "Bora and Bayside are experiencing a shortage of listings as only purchase orders are accumulating," and added, "The southern region membership market will generally maintain a firm upward trend."

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