Seoul Private Apartment Sale Prices Rise Again... 31.93 Million KRW per 3.3㎡

HUG Private Apartment Sale Price Trends
June Sale Price 31.92 Million KRW per 3.3㎡
Rising for 4 Consecutive Months

The sale prices of private apartments in Seoul have continued to rise for four consecutive months.

According to the private apartment sale price trends as of the end of June, released by the Housing and Urban Guarantee Corporation (HUG) on the 17th, the average sale price of private apartments in Seoul was 9,675,000 KRW per square meter, or 31,927,500 KRW per 3.3 square meters.

This is a 2.77% increase compared to the previous month (9,414,000 KRW per square meter). Compared to June last year (8,550,000 KRW per square meter), it rose by 13.16%.

HUG’s average sale price is surveyed based on private sale projects for which sale guarantees were issued during the 12 months immediately prior to the announcement.

Last month, the average sale price of private apartments in the metropolitan area was 22,590,000 KRW per 3.3 square meters, up 12.22% from the same month last year and 1.58% from the previous month.

The nationwide average sale price of private apartments was 16,220,000 KRW per 3.3 square meters, increasing 11.37% year-on-year and 0.48% month-on-month.

In the five major metropolitan cities and Sejong, the average was 17,050,000 KRW, which is a 9.55% increase compared to June last year but a 0.29% decrease from the previous month.

Other provinces recorded an average of 13,200,000 KRW, rising 12.65% year-on-year and 0.55% month-on-month.

Last month, the number of newly supplied private apartments nationwide was 14,436 units, a 30% increase compared to the same month last year (11,114 units).

In the metropolitan area, 7,191 units were newly supplied; in the five major metropolitan cities and Sejong, 2,382 units; and in other provinces, 4,863 units were newly supplied.

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