Shortage of Golf Memberships Leads to 'Strong Slight Uptrend'

Golf memberships continued a firm upward trend due to a shortage of listings.

According to the Donga Membership Trading Center on the 22nd, the average price of 100 major memberships traded nationwide was 235.32 million KRW, up 0.30% from the previous week. By price range, the ultra-high price segment rose 0.24%, the high price segment 0.10%, and the mid-price segment 0.182%. The low price segment showed no change. The Donga Membership Trading Center stated, "The appearance of listings this spring season is more limited than expected. The central region showed a slight upward trend without any declining items," adding, "With an increase in corporate purchase orders, the firm upward trend is expected to continue for the time being."

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The average price in the central region rose 0.23% from the previous week to 266.18 million KRW. The 88 course saw additional purchase inquiries following last week, rising 0.77%. Suwon also continued its strong trend, increasing 1.97% due to active corporate purchase orders. Vision Hills remains in a state of no listings, rising 0.56% without any transactions. East Valley also rose 1.77%, unable to narrow the gap between selling and buying offers. Hwasan increased 1.03%, and Newspringville rose 2.70%.

There are also ongoing purchase inquiries for weekday memberships. Jisan weekday memberships are strong. Asiana weekday and Eunhwa Sam weekday memberships showed slight upward trends. Team leader Park Cheon-ju forecasted, "The central region membership market will maintain a firm upward trend amid differentiated movements by item."

The southern region is also on the rise. The average price increased 0.61% from the previous week to 155.44 million KRW. Yongwon and Gyeongju Shilla have steady purchase orders, but the battle of wits between sellers and buyers is intense. They rose 1.15% and 0.68%, respectively. Dongnae Benest saw accumulated purchase orders and jumped 3.03%. Dongbusan rose 3.77% without any transactions. Asiad increased 1.04%, and A-One rose 6.06%. Team leader Lee Yoon-hee said, "The southern region membership market overall shows a shortage of listings. It is expected to continue the firm upward trend."

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