Six out of 17 local governments see record-high sale price of apartment this year

Construction work is underway at an apartment reconstruction site in Seoul on Wednesday. As apartment sales prices continue to rise in the wake of rising raw material prices, a number of complexes across the country are breaking local records for the highest sales prices. Yonhap News Agency

Six out of 17 local governments have seen the record-high sale price of an apartment this year due to high interest rates and rising commodity prices, according to a survey. In Seoul, some apartment complexes exceeded 100 million won per square meter.

According to the Woori Bank Asset Management Consulting Center on June 3, six out of 17 local governments nationwide saw their sale prices per 3.3 square meters of private apartments in the region hit the highest ever this year.

In Seoul, “Pozes Hangang” in Gwangjang-dong, Gwangjin-gu, was sold in January for 137.71 million won per 3.3 square meters. This surpassed the price of “Maple Xi” in Jamwon-dong, Seocho-gu, which was sold in the same month for 68.31 million won due to a sale price cap.

In Daejeon, “Yuseong Hanulche Highere” in Bongmyeong-dong, Yuseong-gu, set a new record price of 24.52 million won per 3.3 square meters in April.

North Chungcheong Province and South Chungcheong Province also saw the highest sale price per 3.3 square meters of an apartment this year. In North Chungcheong Province, "Hillstate Oullim Cheongju Sajik" in Seowon-gu, Cheongju, was sold for 14.16 million won. “The Sharp Ochang Prestige” in Ochang-eup, Cheongwon-gu, which was sold for 14.13 million won in September last year, fell to second place. In South Chungcheong Province, “Hillstate Dujeong Station” in Seobuk-gu, Cheonan-si, was supplied for 15.93 million won per 3.3 square meters in February, breaking the highest sale price.

In Jeonbuk, “Seosin The Sharp Vivaldi” in Wansan-gu, Jeonju, was sold for 15.37 million won per 3.3 square meters in February, surpassing the sale price of “Eco City Hanyang Sujain the Estin” in Deokjin-gu, Jeonju, which was sold for 13.11 million won last July.

On the other hand, there are areas where sales prices have fallen. Daegu, where there were 9,814 unsold apartments as of March, is a good example.

In March, “Beomeo I'Park” in Beomyeo-dong, Suseong-gu was sold for 3.3 million won per square meter, which was 341 million won lower than the sale price of “Manchon Xi rene” in Manchon-dong, Suseong-gu, which was sold for 3.57 million won in April 2022.

※This article has undergone review by a professional translator after being translated by an AI translation tool.