Golf Club Memberships 'Spring Season Preparation Bull Market'

Overall Price Range Shows Steady Rise, Shortage of Listings
Average Market Price 253.95 Million KRW... Up 0.42% from Last Week

The golf membership market continues its upward trend following last week.

According to the Donga Membership Trading Center on the 3rd, the average price of 100 major memberships traded nationwide rose by 0.42% from last week to 253.95 million KRW. By price range, the ultra-high price segment increased by 0.47%, high price segment by 0.46%, mid-price segment by 0.39%, and low price segment by 0.43%. The Donga Membership Trading Center stated, "Corporate buying demand continues to flow in, causing a shortage of listings," and forecasted, "The upward trend is expected to continue for the time being."

The average price in the central region is 288.32 million KRW, up 0.43% compared to last week. Giheung jumped 1.11% due to an influx of buying demand. New Seoul also rose 0.53% as high-priced listings were cleared. With increased trading volume, Nam Seoul and Seo Seoul rose 1.07% and 2.25%, respectively. Anseong saw a significant increase of 3.17% as purchase orders grew. Shinwon rose 2.86%, Jeil 1.29%, Seoul 0.89%, and Hanyang 1.03%. Team leader Park Cheon-ju predicted, "Most golf membership prices are rising. Prices will continue to increase as the spring season approaches."

The average price in the southern region rose slightly by 0.39% from last week to 165.01 million KRW. Yongwon and Tongdo, where listings are hard to find, jumped 1.16% and 1.20%, respectively. Gaya also rose 1.71% due to active buying demand. Busan increased 1.37%, Gyeongju Shilla 1.68%, Dongnae Benest 2.86%, and Pamihills 1.53%. Team leader Lee Yun-hee analyzed, "The southern region market overall shows a shortage of listings. It will continue to show a strong market for some time."