Golf Membership Market 'Insufficient Trading Volume'... 'Stable Trend'
Gold, New Seoul, Blue One Yongin, West Seoul on the Rise
Average Price 246.64 Million KRW...Up 0.22% from Last Week
Amid the ongoing heatwave and the peak of the summer vacation season, most golf courses are easy to book. Inquiries for purchases in preparation for the fall season are gradually increasing, but the market remains cautious. Trading volume is minimal.
According to the Donga Membership Trading Center on the 12th, the average price of 100 major membership rights traded nationwide rose by 0.22% compared to last week, reaching 246.64 million KRW. By price range, the ultra-high price segment increased by 0.30%, the high price segment by 0.27%, and the mid-price segment by 0.07%. The low price segment showed no change. The Donga Membership Trading Center stated, "The shortage of listings and a cautious buying atmosphere continue," and predicted, "Overall, the market will show a stable trend."
The average price in the central region jumped 0.26% from last week to 279.10 million KRW. Only high-priced listings were confirmed for New Seoul, which rose 1.43% without any transactions. Nam Seoul also increased by 1.06% due to inflows from individual and corporate buyers. Castlelex Seoul rose 2.22%, Gold 1.23%, Nambu 0.93%, Namchon 1.01%, Blue One Yongin 2.47%, Hanyang 1.50%, and Seo Seoul increased by 3.75%. Team leader Park Cheon-ju analyzed, "Some items showed an upward trend due to a shortage of listings, but overall, the market will remain stable amid cautious trading."
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The average price in the southern region is 162.65 million KRW, up 0.09% from last week. Haeundae rose 3.70% as accumulated buy orders matched the asking prices, resulting in transactions. Goseong Nobel is experiencing active buying, with listings appearing and transactions following immediately. Popular items Bayside and Bora are accumulating buy orders only. Team leader Lee Yoon-hee stated, "Low-priced membership rights show minimal trading volume without price fluctuations in buying or selling," and forecasted, "Due to the summer vacation season, inquiries for transactions have decreased, leading to a stable market."
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