Golf Membership Market 'Winter Bottom Buy Rebound Begins'
Giheung, New Seoul, New Korea, Hanyang, Ladena Rise
Average Price 250.66 Million KRW... 0.03%↑ from Last Week
The downward trend in the golf membership market has come to a halt. The overall average price has turned upward, with an increasing number of items rebounding.
According to Dong-A Membership Trading Center on the 15th, the average price of 100 major memberships traded nationwide is 250.66 million KRW. This is a 0.03% increase compared to last week. By price range, only the ultra-high price range fell by 0.18%. The high price range rose by 0.32%, the mid-price range by 0.21%, and the low price range by 0.05%. Dong-A Membership Trading Center stated, "Unlike last year, the decline is not significant. Buyers who were waiting to purchase at the winter low point have become more active," adding, "Since there are not many listings, some items will show a firm upward trend. The year-end golf membership market is expected to continue a tug-of-war between selling and buying."
The average price in the central region is 284.86 million KRW, up 0.03% from last week. Giheung saw a 1.17% increase as buy orders accumulated after low-priced listings were traded. New Seoul also jumped 1.39% as selling offers rose. In the Gangbuk area, New Korea rose 1.09%, Seoul 1.89%, Hanyang 2.94%, Ladena 3.09%, Yeoju-Jusik 1.82%, and Hanwon 1.72%. On the other hand, Asiana fell 0.64%, and Hwasan dropped 4.35%. Team leader Park Cheon-ju predicted, "The central region membership market is seeing a noticeable increase in rising items. It is expected to show a firm upward trend."
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The average price in the southern region is 162.12 million KRW, up 0.01% from last week. Seonsan rose 1.96% as listings were exhausted and only buy orders accumulated. Daegu also saw a fierce battle between sellers and buyers, rising slightly by 0.69%. Yongwon fell 0.58% as selling offers lowered amid buyer caution. Jeongsan and Bora are stable as it is difficult to find listings. Team leader Lee Yun-hee said, "The southern region membership market is in an atmosphere of waiting to buy at the winter low point," but also forecasted, "For popular golf courses, a firm upward trend is expected due to the disappearance of listings."
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