New Seoul, Hanyang up 3%, 4.9% compared to Jeonju
Bayside down 9.1%, Bugok down 3.4%
The nationwide golf membership prices are showing mixed trends ahead of the Lunar New Year holiday. While some golf courses in the central region experienced fluctuations, the southern region continues to see a decline, intensifying the cautious buying battle.
According to Dong-A Membership Trading Office on the 14th, the average price of 100 major memberships nationwide remained unchanged from last week at 220.52 million KRW. By price range, the ultra-high price segment rose by 0.33%, the mid-price segment fell by 0.67%, and the low-price segment increased by 0.16%.
During the period of sharp price drops, listings driven by fear have been absorbed or sellers have withdrawn their intentions, leading to price increases at some golf courses. However, the nationwide average price does not show an overall sharp rise. Some items even show a downward trend, indicating an overall unstable flow in membership prices. The industry analysis is that "many buyers are taking a wait-and-see approach, causing prices of some items to fall."
By region, the average price in the central region rose 0.16% from last week to 249.68 million KRW. The price of 88 Golf Course increased 1.6% to 229 million KRW compared to last week. New Seoul saw a larger increase of 3% due to corporate buyers entering the market.
Hanyang experienced a sudden surge of buyers, sharply rising 4.9% from the previous week to 253 million KRW. Taekwang also saw limited transactions, rising 1.4% to 140 million KRW.
The southern region seems unable to find a recovery point. The average price in the southern region fell 0.71% from last week to 145.06 million KRW. Bugok also dropped 3.4% to 60 million KRW compared to the previous week. It appears that prices declined as transactions continued in line with accumulated low-price purchases.
Ulsan also turned to a wait-and-see buying stance, falling 2.8% to 185 million KRW. Bayside (Premier), which had been on an upward trend, also continued to decline. Some listings appeared, and transactions were made according to buyer offers, recording a 9.1% drop to 550 million KRW.
On the other hand, Daegu and Opel showed price increases of 15.8% and 3.3%, respectively, reaching 140 million KRW and 310 million KRW, as buying orders accumulated amid a shortage of listings.
Lee Yun-hee, head of the southern region team at Dong-A Membership Trading Office, said, "While high-priced memberships are showing a downward trend due to cautious buying, low-priced memberships are expected to rebound as the available listings are exhausted and disappear."
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