'Daejang Apartment' Price Index Rebounds After Four Months... Has It Bottomed Out?

The KB Leading Apartment 50 Index turned to an upward trend after four months.

According to the March KB Housing Market Trend data released by KB Real Estate on the 24th (as of the 11th), the KB Leading Apartment 50 Index rose by 0.1% compared to the previous month.

[Image source=Yonhap News]

This marks a shift to an upward trend after four months. The index had shown negative changes continuously since recording -0.14% in December last year.

The KB Real Estate Leading Apartment 50 Index selects the top 50 apartment complexes nationwide by market capitalization (the amount obtained by multiplying the number of households by the sale price) and indexes their market capitalization and rate of change. It reflects the price trends of so-called "blue-chip apartments" such as Helio City in Garak-dong, Songpa-gu, Banpo Xi in Banpo-dong, Seocho-gu, Eunma Apartment in Daechi-dong, Gangnam-gu, and Hyundai Apartment in Apgujeong-dong, Gangnam-gu.

The Seoul Sales Price Outlook Index recorded 90, below the baseline (100). Although below the baseline, KB Real Estate stated that it has been on a recent upward trend, with 76 in December last year, 80 in January, and 85 in February. The Sales Price Outlook Index surveys over 6,000 licensed real estate agents nationwide about their expectations for price increases or decreases and is expressed on a scale from 0 to 200. It shows the short-term housing price outlook.