Here jumps 1.3 billion, there plummets 1.2 billion... Extreme polarization a month after 6.27 regulation
- Input
- 2025-07-27 11:17:09
- Updated
- 2025-07-27 11:17:09
Seoul apartment prices continue to rise amid a sharp drop in transactions.. Mixed record highs and quick sales
"It's difficult to turn into a decline in the short term.. Possibility of reversal depending on policy variables"
"It's difficult to turn into a decline in the short term.. Possibility of reversal depending on policy variables"
[Financial News] A month after the 6·27 loan regulation, the Seoul apartment transaction market has rapidly cooled, but house prices have not been curbed. Amid ongoing record-high transactions centered on some reconstruction and high-priced complexes, quick sales are also mixed, showing a clear polarization trend.
According to the industry on the 27th, after the government's ultra-strong loan regulation, the phenomenon of only transactions being contracted while asking prices remain maintained is prominent on the ground. According to the real estate information platform 'Asil', the number of apartment sales transactions in Seoul in July was 2,234 as of today, a fifth of the previous month (11,807 transactions). During the same period, the number of lease transactions also decreased by about 41% to 6,990 from 11,896 in the previous month.
In contrast, apartment prices continue to rise. According to Korea Real Estate Board, Seoul apartment prices continued to rise, albeit at a slower pace, even after the 6·27 regulation. It recorded a 0.40% increase in the fifth week of June (as of June 30), a 0.29% increase in the first week of July (as of July 7), a 0.19% increase in the second week of July (as of July 14), and a 0.16% increase in the third week of July (as of July 21).
In some high-priced complexes, record-breaking transactions are still continuing. The exclusive 84㎡ of 'Raemian One Bailey' in Banpo-dong, Seocho-gu, was traded at 7.2 billion KRW on the day of the regulation announcement on the 27th of last month, 1.3 billion KRW higher than the previous highest price (5.9 billion KRW). Also, the exclusive 124㎡ of 'Raemian Chelitus' in Ichon-dong, Yongsan-gu, was traded at 5.83 billion KRW on the 14th, 1.28 billion KRW higher than the previous highest price, and the exclusive 84㎡ of 'Geonyeong' in Cheongdam-dong, Gangnam-gu, was traded at 3.7 billion KRW on the 9th of this month, 700 million KRW higher than the previous highest price.
At the same time, contracts several hundred million KRW lower than the highest price are also pouring in. The exclusive 84㎡ of 'Cheonggu Riverside' in Seongsu-dong, Seongdong-gu, was traded at 3.5 billion KRW last month and 2.3 billion KRW this month, a sharp drop of about 34%. 'Banpo Mido 1st' in Banpo-dong, Seocho-gu, 'Helio City' in Garak-dong, Songpa-gu, and 'Mapo Jae Hillstate Rachels' in Gongdeok-dong, Mapo-gu, were also contracted at prices 21-28% lower than the previous month. 'Olympic Family' in Munjeong-dong, Songpa-gu, and 'Shinhyeon 12th' in Apgujeong-dong, Gangnam-gu, also recorded actual transaction prices more than 700 million KRW lower than the highest price.
In the market, the forecast is dominant that it is not easy for Seoul house prices to turn into a decline in the short term. Despite regulations, psychological factors such as supply shortages and expectations of interest rate cuts are still supporting prices. Lee Eun-hyung, a research fellow at the Korea Construction Policy Institute, said, "The phenomenon of simultaneous record highs and quick sales is a common polarization trend in markets with weak demand bases," adding, "For now, the possibility of prices turning into a decline is low, but if transaction contraction is prolonged, the market atmosphere may change depending on policy variables such as regulatory easing."
en1302@fnnews.com Jang In-seo Reporter