Average Monthly Apartment Maintenance Fee 100,000 Won in the First Half of the Year

New 'Market Size Inquiry Function' Added to K-apt

The average monthly maintenance fee per household for apartment complexes in the first half of this year was recorded at 103,603 KRW.

An apartment mailbox in Seoul has a management fee bill delivered. / Photo by Jinhyung Kang aymsdream@

On the 5th, the Korea Real Estate Board analyzed the status of the Apartment Management System (K-apt) and found that as of the end of June this year, 11.1 million households disclosed their maintenance fees, totaling 13.8 trillion KRW. The average monthly maintenance fee per household exceeded 100,000 KRW.

The number of complexes disclosing maintenance fees increased annually by 2.5% based on the number of households, from 16,600 complexes with 9.9 million households in 2019 to 18,000 complexes with 10.9 million households last year. This year also saw a slight increase in six months.

The annual maintenance fee market size grew at an average annual rate of 6.1%, from 20 trillion KRW to 24.9 trillion KRW during the same period. This year, it reached about 13.8 trillion KRW in the first half. Maintenance fees include common area maintenance fees, individual usage fees, and long-term repair reserve charges combined. Among these, the balance of the long-term repair reserve increased at an average annual rate of 5.1%, from 6.9 trillion KRW in 2019 to 8.3 trillion KRW last year. This year, the balance reached 8.8 trillion KRW over six months.

Costs for maintenance and repair service contracts also rose by an average of 5.5% annually over five years, from 6.8 trillion KRW in 2019 to 8.3 trillion KRW last year. In the first half of this year, it recorded 3.5 trillion KRW.

The Real Estate Board announced that it has newly added a function to check the market size of apartment maintenance fees within K-apt. By using this function, users can not only view statistics at a glance but also predict maintenance fee expenditures and establish long-term repair plans.

Son Tae-rak, President of the Real Estate Board, said, "We have revamped the K-apt homepage to enhance user-centered convenience and visibility, and we will further advance the system to increase transparency in management information."

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