'Seoul·Sejong' Apartment Prices Lead the Way.. Nationwide Weekly Growth Rates 1st and 2nd

[Financial News] While apartment prices nationwide have turned to a downward trend, Seoul and Sejong City are maintaining an upward trend, continuing their lead. Seoul has continued its upward trend for 17 consecutive weeks, with price increases centered around the Gangnam 3 Districts. On the other hand, Sejong, which had seen a price surge due to capital relocation rumors, has seen a sharp reduction in its rate of increase.
According to the '4th Week of May (as of May 26) Nationwide Weekly Apartment Price Trend' by the Korea Real Estate Board on the 29th, nationwide apartment sales prices fell by 0.02%, shifting from the previous week's (0.00%) stability to a decline.
While the metropolitan area (0.03%→0.03%) maintained its rate of increase, local areas (-0.04%→-0.06%) saw an increase in the rate of decline. All regions except Seoul (0.16%), Sejong (0.10%), Jeonbuk (0.02%), and Chungbuk (0.00%) showed a downward trend.
In Seoul, apartment prices centered around the Gangnam 3 Districts rose, increasing from 0.13% the previous week to 0.16%, a 0.03p increase. Gangnam-gu, a regulated area, rose from 0.26% to 0.39%, a 0.13%p increase, ranking first in terms of growth rate among autonomous districts. Songpa-gu (0.30%→0.37%) and Seocho-gu (0.32%→0.32%) also ranked 2nd and 3rd, respectively. In Gangnam-gu, prices rose mainly in redevelopment areas like Apgujeong and Daechi-dong, in Songpa-gu, mainly in major complexes like Jamsil and Sincheon-dong, and in Seocho-gu, mainly in preferred complexes like Banpo and Seocho-dong.



Following the Gangnam 3 Districts, Yangcheon-gu (0.22%→0.31%), Gangdong-gu (0.19%→0.26%), Mapo-gu (0.16%→0.23%), Yongsan-gu (0.16%→0.22%), Seongdong-gu (0.21%→0.18%), Yeongdeungpo-gu (0.16%→0.17%), Dongjak-gu (0.13%→0.17%), and Gwangjin-gu (0.11%→0.15%) showed high increases in that order.
Even within Seoul, there were significant differences between regions such as the southeastern area (0.35%), downtown area (0.15%), southwestern area (0.13%), northwestern area (0.13%), and northeastern area (0.06%).
Sejong, which had led the nationwide growth rate for five weeks from the 3rd week of April (as of April 21), fell to 2nd place nationwide as its rate of increase significantly shrank. The Real Estate Board explained, "The upward trend continued mainly in areas with good school districts and living conditions such as Bangok and Naseong-dong."

en1302@fnnews.com Jang In-seo Reporter