[비즈한국] Using artificial intelligence, we deliver prompt and accurate information on real estate transactions, including apartments and residential properties, in Seoul over the past week.
According to the Seoul Real Estate Information Plaza, based on data for residential properties sold in Seoul from February 16 to February 20, a house located in Gwangjang-dong, Gwangjin-gu, measuring 436.1㎡, topped the weekly transaction list at 2.95 billion KRW.
A 59.98㎡ unit at the Singeumho Park Xi apartment in Geumho-dong 2-ga, Seongdong-gu, was sold for 2.05 billion KRW. A 128.06㎡ unit at the Yeouido Park Center officetel in Yeouido-dong, Yeongdeungpo-gu, sold for 2.0 billion KRW. An 84.71㎡ unit at the Haengdang Hanjin Town apartment in Haengdang-dong, Seongdong-gu, traded at 1.88 billion KRW, and a 95.24㎡ unit at the Mok-dong Paragon officetel in Mok-dong, Yangcheon-gu, sold for 1.85 billion KRW.
A 59.5㎡ unit at the Mini Mansion multiplex house in Noryangjin-dong, Dongjak-gu, was sold for 1.8 billion KRW. A 79.777㎡ unit at the Yeongdeungpo Prugio apartment in Yeongdeungpo-dong, Yeongdeungpo-gu, traded at 1.48 billion KRW. An 84.96㎡ unit at the Gwanak Dream apartment in Bongcheon-dong, Gwanak-gu, sold for 1.195 billion KRW. An 84.786㎡ unit at the Nam Seoul Hillstate apartment in Siheung-dong, Geumcheon-gu, sold for 900 million KRW. A 114.18㎡ unit at the e-Pyeonhansesang Susaek Eco-Foret apartment in Susaek-dong, Eunpyeong-gu, traded at 880 million KRW.
The purchase price for the house in Gwangjang-dong is calculated at approximately 22.37 million KRW per pyeong. This is lower than the average Seoul apartment price of 59.259 million KRW per pyeong reported by KB Real Estate last year. Meanwhile, the Singeumho Park Xi in Geumho-dong 2-ga recorded a high transaction price at approximately 112.3 million KRW per pyeong, and the Yeouido Park Center in Yeouido-dong traded at approximately 51.64 million KRW per pyeong.
Real estate experts analyzed that the house in Gwangjang-dong, which recorded the highest price this week, benefited from a combination of key residential factors: walking distance to Gwangnaru Station (Line 5), Han River views, and the "Gwangnam" school district (Gwangnam Elementary, Middle, and High Schools). They suggest that recent developments in luxury residential complexes along the Han River and expectations for reconstruction and remodeling have highlighted the area's scarcity, while its proximity to the Gangnam, Jamsil, and Gangdong areas continues to attract demand for high-end housing.
The strengths of the Singeumho Park Xi in Seongdong-gu include its location near Singeumho Station and its accessibility to major business districts like Euljiro, Gangnam, and Yeouido. Analysts point out that as a newly constructed large-scale complex from the Geumho District 13 redevelopment, it successfully attracts both owner-occupiers and those seeking a "high-value single home."
Yeouido Park Center is regarded as a luxury residential officetel combined with a Marriott hotel. Its appeal lies in its Han River and park views coupled with proximity to the Yeouido business district, making it a steady alternative to apartments. Experts note that stable demand from wealthy individuals and professionals supports its price.
Furthermore, changes in the market environment are being detected. As the grace period for heavy capital gains taxes on multi-home owners nears its end, the government's regulatory stance has led to a short-term increase in apartment listings in Seoul. While the number of listed Seoul apartments has increased by about 19% compared to a month ago, it remains roughly 27% lower than a year ago, making it difficult to conclude that supply conditions have fully recovered.
Real estate experts interpret the current market as a "transitional period with potential for price adjustments." While increased listings due to tax changes may temporarily increase bargaining power for buyers, experts argue that the possibility of a sharp price drop is limited as long as structural supply shortages and preferences for prime locations persist.
In fact, while Seoul apartment listings have risen rapidly following pressure on multi-home owners to sell, this is widely viewed as a temporary expansion of supply driven by tax avoidance. Ultimately, the diagnosis is that the market is becoming a "selective market" where short-term adjustment signals and structural bullish factors coexist.
※ This article was written by Bizhankook and MetaVX's generative AI.