Golf Memberships, Shortage of Ultra-High-Priced Listings Boosts Namchon and East Valley Prices Up

Shortage of Ultra-High-End Properties Drives 'Upward Trend'
'Golf 8 School District' in Yongin Shows 'Stable Trend'
"Shortage of Popular Properties Likely to Continue for a While"

The golf membership market is showing different trends depending on the category. Ultra-high-priced categories have risen without transactions due to a shortage of listings, while popular categories in the Yongin area showed a stable trend as the bid-ask spread narrowed. Meanwhile, categories with increased listings during the spring season shifted to a slight downward trend.

According to Dong-A Membership Trading Center on the 1st, the average price of 100 major memberships traded nationwide was 233.61 million KRW, up 0.31% from the previous week. By price range, ultra-high-priced categories rose 0.48%, high-priced 0.09%, mid-priced 0.39%, and low-priced 0.03%.

By region, the average price in the central region rose 0.3% from the previous week to 263.99 million KRW. In particular, popular categories in the Yongin area, known as the "Golf 8 School District," showed a stable trend amid a standoff between sellers and buyers. Suwon recorded 197 million KRW, up 3.6% from the previous week, as buying demand increased. Ultra-high-priced categories continue to show strength. Namchon recorded 1.88 billion KRW, up 2.1% from the previous week, despite a large bid-ask spread between sellers and buyers and no transactions. East Valley recently had listings but failed to narrow the bid-ask spread, recording 1.87 billion KRW, up 5.4% from the previous week. Blue One Yongin showed an upward trend of 5.5% from the previous week, recording 275 million KRW as the seller's asking price rose. In the Yeoju area, Solmoro fell 4.6% from the previous week to 88 million KRW as additional individual and corporate listings appeared.

Meanwhile, the average price in the southern region rose 0.36% from the previous week to 154.97 million KRW. Gaya recorded 145 million KRW, up 3.5% from the previous week, as buying orders accumulated amid fierce competition between sellers and buyers. Dongbusan recorded 265 million KRW, up 3.8% from the previous week, due to strong buying demand despite only high-priced listings appearing. Bayside recorded 580 million KRW, up 5.2% from the previous week, as transactions were made matching the seller's asking price amid difficulty finding listings.

Lee Yun-hee, head of the southern region team at Dong-A Membership Trading Center, analyzed, "With the season underway, inquiries about corporate anonymous memberships are increasing, and popular category memberships are experiencing a shortage of listings," adding, "The southern region membership market is expected to continue a strong stable trend."