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Seoul Apartment Prices Rise 90 Weeks, Gangnam Dips
Seoul apartment prices rose for a 90th consecutive week, though the pace slowed for a second straight week, according to the Korea Real Estate Board's October fourth-week data released on October 29. The Chosun Ilbo reports the increase was 0.09% week-on-week, down from 0.13% the prior week, with Gangnam, Seocho, and Songpa (Gangnam's three districts) seeing larger declines as sellers lowered prices in large complexes, while northern districts like Seongbuk and Seodaemun kept rising. The Dong-A Ilbo adds that Gangnam's three districts all saw widening drops, while Gyeonggi Province rose 0.20%, more than double Seoul's rate. Korean media note the regional divergence within Seoul, with mid-to-low-priced apartment areas sustaining gains. Separately, KBS World reported that Seoul apartment transaction prices rose 15.5% year-on-year in August, the steepest increase since 2021.


















