Overall Shortage of Golf Membership Listings Leads to 'Strongly Firm' Market
88, Giheung, Hanseong, Nambu, Hwasan Rising Excitement
Average Market Price 238.04 Million KRW... 0.55%↑ Compared to Last Week
The spring season is at its peak. Golf courses remain difficult to book. Both individual and corporate buying demand continue to flow steadily, maintaining an overall firm and slightly rising trend.
According to the Donga Membership Trading Center on the 6th, the average market price of 100 major membership rights traded nationwide rose 0.55% from last week to 238.04 million KRW. By price range, the ultra-high price segment increased by 0.44%, the high price segment by 0.10%, the mid-price segment by 0.66%, and the low price segment by 0.39%. The Donga Membership Trading Center stated, "In some popular categories in the southern Gyeonggi region, listings have disappeared, and only buy orders have accumulated," adding, "With continued corporate buy orders, the overall firm and slightly rising trend is expected to continue."
The average market price in the central region rose 0.33% from last week to 268.71 million KRW. The 88 course saw selling prices rise, marking two consecutive weeks of increase. Giheung also rose 2.02% due to a decrease in listings. Hanseong jumped 2.33% recently due to an influx of individual buyers. Nambu increased 0.99% without any transactions, and Vision Hills rose 1.19% as listings remained scarce for a prolonged period. Hwasan jumped 2.04% due to active buy orders. Team leader Park Cheon-ju forecasted, "The central region membership market is expected to maintain a firm and slightly rising trend for the time being."
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The average market price in the southern region rose 1.51% from last week to 158.65 million KRW. Yongwon, Gyeongju Shilla, and Seonsan saw slight increases amid intense negotiation between sellers and buyers. Busan transactions matched selling prices amid a decrease in listings, jumping 1.33%. Dongbusan and Bora surged significantly by 5.45% and 7.14%, respectively, due to strong buying demand amid cautious selling sentiment. Team leader Lee Yoon-hee analyzed, "It is not easy to find listings for popular categories in the southern region membership market," adding, "It will show a firm and slightly rising market."
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