Nationwide Private Apartment Sale Price 5,023,000 KRW per 1㎡... 7 Consecutive Months of Increase

Last month, the sale price per 1㎡ of private apartments nationwide rose by 0.27% compared to the previous month, continuing an upward trend for seven consecutive months.

A sales banner hung at the Hanwha Forena Mia construction site in Gangbuk-gu, Seoul on the 31st. Photo by Jinhyung Kang aymsdream@

According to the "Private Apartment Sale Price Trends" as of the end of September released by the Housing and Urban Guarantee Corporation (HUG) on the 16th, the average sale price per 1㎡ of private apartments nationwide recorded 5,023,000 KRW.

This is a 0.27% increase from the previous month and an 11.51% increase compared to the same month last year. Thus, the sale price of private apartments nationwide has risen for seven consecutive months since March.

The sale price in Seoul was 9,697,000 KRW per 1㎡, up 0.65% from the previous month, and the metropolitan area also rose 0.22% to 6,830,000 KRW.

Last month, the total supply of newly sold private apartments nationwide was 9,512 units, down 39% compared to the same month last year.

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