Golf Membership Market Faces Range-Bound Trading Due to Low Transaction Volume
Decrease in Visitors, Easier Booking, Significant Regional Variations
Average Market Price 257.72 Million KRW... 0.03% Increase Compared to Previous Week
The golf membership market is in a box range due to a lack of trading volume.
According to the Donga Membership Trading Center on the 25th, the average price of 100 major memberships traded nationwide was 257.72 million KRW, a slight increase of 0.03% compared to last week. Only the high-price range rose by 0.25%. The ultra-high price range fell by 0.04%, and the mid-price range dropped by 0.04%. The low-price range showed no change.
The Donga Membership Trading Center analyzed, "With a decrease in golf course visitors, booking has become somewhat easier this year. There is a large disparity in visitors by region and preferred golf courses, with a noticeable decline in customers from Jeju Island." They added, "In the metropolitan area, there are not many listings, so a standoff between sellers and buyers continues. Amid an overall stagnant trading volume, the market is expected to remain in a box range."
The average price in the central region is 292.37 million KRW, up 0.05% compared to last week. The 88 course jumped 1.63% due to accumulated individual and corporate buy orders, and Jisan rose 0.78% as buying inquiries continued. Blue Heron in the Yeoju area increased by 1.04%, Incheon International by 1.09%, and Songchu in the Gangbuk area rose 2.63%. On the other hand, New Seoul fell 0.50% due to listings appearing after high-price transactions. Shinwon dropped 0.54%, and Ladena declined 1.77%. Team leader Park Cheon-ju forecasted, "The central region membership market has seen a slight decrease in trading volume and is expected to show a box range market."
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The average price in the southern region was 168.04 million KRW, down 0.05% compared to last week. Yongwon fell 1.12% as buyers remained cautious and seller asking prices lowered. Haeundae dropped 1.36% despite listings appearing, as buyers waited only for low prices. Asiade and Busan showed a tense standoff. Jeongsan is experiencing a shortage of listings. Team leader Lee Yun-hee said, "The southern region membership market will continue a slightly weak trend without major fluctuations."
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