Songpa Up 0.50%, Seocho 0.42%, Gangnam 0.40%...
Buyers Flock to "Reconstruction and New Developments"
Seoul Apartment Prices Rise for 18th Straight Week, Nationwide Market Levels Off
Gwacheon Maintains No. 1 Spot with 6.21% Year-to-Date Gain
Sejong’s Upward Trend Slows Down
The three Gangnam districts-Gangnam-gu, Seocho-gu, and Songpa-gu-recorded their largest weekly increase since the expansion of the Land Transaction Permission Zone (LTPZ). Apartment sale prices in Seoul continued to rise for the 18th consecutive week.
According to the "Weekly Apartment Price Trends (as of the 2nd)" released by Korea Real Estate Board on June 5, 2025, nationwide apartment sale prices shifted to a flat trend, moving from -0.02% the previous week to 0.00% this week. The Seoul metropolitan area rose by 0.05%, while non-metropolitan regions declined by -0.04%.
In Seoul, apartment prices rose by 0.19% compared to the previous week, marking the 18th consecutive week of increases and widening from the previous week's 0.16%. Songpa-gu saw the highest increase at 0.50%, followed by Seocho-gu (0.42%) and Gangnam-gu (0.40%). For the three Gangnam districts, this represents the largest weekly increase since the LTPZ was re-designated. Building on last week's highest increase in nearly two months, the three Gangnam districts have further accelerated their upward trend. Yangcheon-gu (0.32%) and Gangdong-gu (0.32%) also showed strong performance.
The Korea Real Estate Board stated, "Buyer inquiries remain steady, especially in major preferred complexes such as those undergoing reconstruction and large-scale new developments, and transactions at higher prices are being concluded, resulting in a broader increase across Seoul. The expansion in Seoul’s overall price increase is being driven by more transactions in complexes undergoing reconstruction and large-scale developments."
Apartment prices in Gyeonggi Province shifted from -0.03% last week to flat this week. Gwacheon City rose by 0.35%, marking its sixth consecutive week of increases. Gwacheon continues to maintain the highest cumulative increase nationwide for the year at 6.21%. In Sejong City, which saw heightened attention due to the "relocation theory," the rate of increase slowed slightly from 0.10% last week to 0.07% this week, with the upward trend continuing in areas with strong demand for school districts such as Dajeong-dong and Saerom-dong. Daegu (-0.06%) extended its long-term downward trend, falling for the 80th consecutive week. Gwangju (-0.06%) and Daejeon (-0.08%) also continued to decline, while Jeonnam (-0.09%) saw its rate of decline widen compared to the previous week.
The nationwide average for jeonse (long-term lease) prices remained flat at 0.00%. Seoul rose by 0.06%, while Gyeonggi (0.01%) and Incheon (-0.05%) showed mixed trends. Gwacheon (0.43%), Gwangju (0.22%), and Dongan-gu in Anyang (0.16%) all recorded increases.
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