Golf Membership Market 'Continued Slight Weakness'

Inflow of Buying Demand and Decrease in Supply Indicate 'Signs of Rebound'
Average Market Price 249.93 Million KRW... 0.30% Increase Compared to Last Week

Some categories rebounded, but the overall trend remains slightly weak.

According to the Donga Membership Rights Exchange on the 25th, the average price of 100 major membership rights traded nationwide was 249.93 million KRW, up 0.30% compared to last week. By price range, only the ultra-high price range jumped 1.02%. The high price range rose 0.33%, the mid-price range increased 0.41%, while the low price range fell 0.15%. The Donga Membership Rights Exchange analyzed, "Although the ultra-high price range items rose, the large bid-ask spread makes trading difficult. Inquiries for bottom-fishing purchases are gradually increasing, but trading volume remains stagnant," adding, "Due to insufficient trading volume, the overall trend will continue to be slightly weak."

The average price in the central region is 283.77 million KRW, up 0.39% compared to last week. Ultra-high price range items showed an upward trend without any trades. In the southern region, the bid-ask spread narrowed, resulting in a 2.17% increase. Namchon rose 1.46%, and Asiana jumped 0.64%. On the other hand, 88 only saw bottom-fishing purchases and fell 0.36%. Suwon dropped 0.89%, Jisan 1.41%, Shinwon 0.59%, Anseong 1.64%, and Jeil fell 2.17%. In the northern region, Seowon Valley jumped 2.33% amid a decrease in listings. Team leader Park Cheon-ju said, "The central region membership rights market saw some categories rebound, but trading volume is insufficient," and predicted, "Most categories are showing a wait-and-see attitude toward buying, resulting in a slightly weak trend."

The average price in the southern region was 162.32 million KRW, down 0.13% compared to last week. Gaya and Yongwon saw listings appear, but their selling prices dropped, falling 1.73% and 1.15%, respectively. Ulsan fell 2.22%, Changwon 1.71%, and Mauna Ocean dropped 4.00%. Conversely, Gyeongju Shilla and Pami Hills saw their bid-ask spreads narrow, rising 1.43% and 1.65%, respectively. Team leader Lee Yoon-hee forecasted, "The southern region membership rights market is showing differentiated trends by category. It is unlikely to escape the slightly weak market for the time being."