Golf Membership Prices 'Rebound'... Suwon CC Traded at 162 Million Won

Analysis of Dong-A Membership Prices for the First Week of December
Rising Trends in Sinwon, Yeoju, Plaza Yongin, etc.
Stable Prices in 88, New Seoul, Taekwang, Seonsan, Hanyang
Declines in Nam Seoul, Asiad, Pami Hills

[Asia Economy Reporter No Woo-rae] 'Rebound.'

The market price of golf memberships is stirring. As of the 3rd, the average price of 100 major memberships traded nationwide is 221.99 million KRW. This is a slight decrease of 0.25% compared to last week. By price range, the ultra-high price range rose by 0.17%. The high price range fell by 0.33%, the mid-price range by 0.40%, and the low price range by 0.23%.

Moon Jong-sung, team leader of Donga Membership, analyzed, "The golf membership market is becoming active again," adding, "After maintaining a downward trend for about two months, the market is showing a rebound as buying demand returns." He continued, "As the year-end approaches, the supply of listings is expected to become increasingly scarce," and forecasted, "With some items' prices gradually rebounding, it seems an important timing for buyers to make purchases has arrived."

Suwon showed an upward curve. It rose by 4 million KRW from 158 million KRW last week to 162 million KRW. The annual highest price is 210 million KRW. Suwon is the most representative urban golf course in Korea. It boasts excellent accessibility and an impressive harmony between city and nature.

Team leader Moon predicted, "Suwon has been an undervalued golf course, so if the current condition is maintained, there is significant potential for future price increases."

The market price of golf memberships is showing signs of a rebound. Photo by Rexfield

Shinwon also traded at 630 million KRW, up 20 million KRW from last week. Shinwon saw buying demand as low-priced listings were cleared. Yeoju rose by 1 million KRW to 49 million KRW, and Plaza Yongin increased by 3 million KRW to 56 million KRW. Prices remained steady without change for 88 (220 million KRW), New Seoul (260 million KRW), Taekwang (136 million KRW), Seonsan (96 million KRW), Tongdo Pine East (74 million KRW), and Hanyang (240 million KRW).

Seoul still shows buyers in a wait-and-see stance, down 1.96%. Nam Seoul fell by 5 million KRW to 260 million KRW. Busan Asiad (510 million KRW → 480 million KRW) and Gyeongbuk Pamihills (177 million KRW → 155 million KRW) also showed weakness.

Team leader Moon said, "There is a fierce standoff between sellers waiting for the spring season and buyers looking for affordable listings," adding, "The phenomenon of listing shortages is likely to emerge in many items."