Golf Membership Rights "Stable Trend Along with the Jangma Season"
Rising Trends in 88, New Seoul, Suwon, Jayu, and Sinwon
Average Price 245.36 Million KRW... 0.15% Increase from Last Week
The golf membership market saw an increase in cautious trading amid the full swing of the monsoon season.
According to the Donga Membership Trading Center on the 22nd, the average price of 100 major memberships traded nationwide rose by 0.15% compared to last week, reaching 245.36 million KRW. By price range, the ultra-high price segment increased by 0.08%, the high price segment by 0.40%, and the mid-price segment by 0.18%. The low price segment fell by 0.08%. The Donga Membership Trading Center stated, "While inquiries for transactions continue, both sellers and buyers are weighing the timing of trades," adding, "Some popular items still maintain a firm and stable trend due to a shortage of listings. With the start of the summer vacation season and the monsoon period, trading volume is expected to decrease, resulting in a stable trend."
The average price in the central region rose by 0.16% from last week to 277.28 million KRW. New Seoul increased by 0.58% amid cautious selling. Suwon rose by 0.58% due to accumulated individual and corporate purchase orders along with additional buying pressure. Shinwon also jumped 1.20% with only high-priced listings observed. Freedom increased by 1.49%, Seoul by 1.35%, Hanyang by 1.54%, and Plaza by 1.61%. Team leader Park Cheon-ju analyzed, "The central region membership market will continue a differentiated trend by item amid decreased trading volume."
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The average price in the southern region is 162.72 million KRW, up 0.09% compared to last week. Gyeongju Shilla and Gaya fell by 2.03% and 0.57% respectively amid intense buyer-seller standoffs. On the other hand, Dongnae Benest and Busan rose by 1.19% and 1.33% respectively as listings disappeared. Daegu and Seonsan also jumped 1.38% and 3.92%. Jeongsan rose 1.87% as strong buying pressure met seller asking prices. Team leader Lee Yoon-hee forecasted, "The southern region membership market will show a differentiated trend by item amid a growing cautious buying atmosphere."
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