Golf Membership Market Slightly Declines as Jangma Season Begins

Expecting a Wait-and-See Attitude in Sales Until Vacation Season, Box Range Market Anticipated
Average Market Price 257.49 Million KRW... 0.19% Decrease Compared to Last Week

The golf membership market showed a slight decline as the hot weather and rainy season began.

According to Dong-A Membership Trading Center on the 6th, the average price of 100 major memberships traded nationwide was 257.49 million KRW, down 0.19% compared to last week. By price range, the ultra-high price segment fell 0.51%, the mid-price segment 0.03%, and the low-price segment 0.06%, while only the high-price segment rose 0.18%. Dong-A Membership Trading Center stated, "As inquiries for sales gradually decrease, a wait-and-see trend is expected to continue through the vacation season. With the summer off-season beginning, trading volume is expected to remain stagnant for the time being, resulting in a box-range market."

The average price in the central region is 291 million KRW, down 0.23% from last week. Ultra-high price items showed a downward trend without transactions as corporate sell inquiries increased. The southern region sharply declined by 2.17% due to the appearance of listings amid a wait-and-see buying stance. Namchon is experiencing difficulty in transactions due to the disappearance of buying demand. East Valley also fell 0.94% amid a tug-of-war between selling and buying. Some items showed slight increases. Giheung jumped 0.35% as selling offers rose. Namseoul also rose 1.40% after transactions of low-priced listings. In the Gangbuk area, New Korea rose 1.00% due to steady buying orders from individuals and corporations. Team leader Park Cheon-ju analyzed, "The central region membership market is expected to show a stable trend amid a tug-of-war between selling and buying."

The average price in the southern region is 168.97 million KRW, down 0.02% compared to last week. Yongwon fell 1.15% as selling offers lowered. A-One declined 1.33% as buying demand turned to a wait-and-see stance. Busan rose 2.56% due to strong buying inflows as accumulated buying orders led to transactions. Corporate buy inquiries for unnamed memberships are increasing, but the atmosphere for named memberships overall has entered a wait-and-see phase. Team leader Lee Yoon-hee forecasted, "The southern region membership market is expected to show a slight decline."

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