Over the past 15 years, the total population of Seoul has decreased by 7.6%.
According to statistics from the Ministry of the Interior and Safety, as of February this year, Seoul's population was recorded at 9,427,583, which is 774,073 fewer than in January 2008 when counting began (10,201,656). In particular, all 22 autonomous districts saw a decline, including Nowon-gu (-114,082), Dobong-gu (-65,094), and Yangcheon-gu (-63,596).
Looking at the population rankings by region, Songpa-gu, Gangseo-gu, Gangnam-gu, Nowon-gu, and Gwanak-gu occupied the top five spots. Eunpyeong-gu, which was ranked 9th in 2008, rose to 6th place during this period due to population growth. Seocho-gu saw the largest jump in ranking, moving from 14th to 10th, although its population decreased by 0.3%.
On the other hand, Songpa, Eunpyeong, and Gangseo districts showed an increasing trend. Songpa-gu's population grew by 5.2%, from 626,556 to 658,868, while Eunpyeong-gu (458,425 → 465,627) and Gangseo-gu (563,325 → 568,666) increased by 1.6% and 0.9%, respectively.
Housing transactions were also active, especially in areas with population growth. According to data from the Korea Real Estate Board, from 2008 to 2022, the districts with the highest number of housing sales transactions were Gangseo-gu (142,157 cases), Eunpyeong-gu (136,872 cases), Nowon-gu (133,660 cases), and Songpa-gu (124,939 cases). This suggests that housing demand was supported by population growth, resulting in high transaction volumes.
Meanwhile, although Nowon-gu and Yangcheon-gu experienced significant population declines, the demand for education in the academy districts of Junggye-dong and Mok-dong kept transaction volumes at a high level.
A real estate expert commented, “As the Seoul exodus phenomenon leads to an increase in population moving to Gyeonggi Province and a decrease in Seoul’s population, only Songpa, Gangseo, and Eunpyeong districts showed growth. These areas have seen continuous population inflow due to large-scale residential developments and ongoing projects, supported by solid underlying demand, which also drives active real estate transactions.”
Meanwhile, Shinsegae Construction is supplying ‘Billive Acent’ in Bulgwang-dong, Eunpyeong, Seoul. Billive Acent will be built in Bulgwang-dong, Eunpyeong-gu, Seoul, consisting of 492 units/rooms with 5 basement floors and 24 above-ground floors, and unit sizes ranging from 49 to 84 square meters.
Shinsegae Construction’s ‘Billive Acent’ maximizes openness by raising the ceiling height to 2.5 meters in all unit types. Additionally, each floor provides storage space per household (with building 101 planned to have storage in the basement), offering ample storage. The apartment also features a 4BAY specialized design and a dual-way innovative floor plan (for the 84㎡ type), allowing residents to enjoy apartment-level living conditions.
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