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Seoul Real Estate Transaction Trends for the 1st Week of June '26

This article was automatically translated by AI. There may be errors compared to the original Korean article.  Read original in Korean →

[비즈한국] Using artificial intelligence, we deliver quick and accurate real estate transaction information for apartments and residential properties in Seoul on a weekly basis.

Explaining the top residential real estate transactions in Seoul for the first week of June with just the familiar phrase, "high-end Gangnam apartments," was difficult. The most expensive transaction occurred in a large house in Seokchon-dong, Songpa-gu. A luxury officetel in Cheongdam-dong, Gangnam-gu, and a large house in Seongbuk-dong, Seongbuk-gu, also ranked high.

According to data compiled from the Seoul Real Estate Information Plaza for transactions between June 1 and June 5 (reported by June 5), a house in Seokchon-dong, Songpa-gu, recorded the highest price at 14.241 billion won. Since transaction reports are reflected sequentially, the rankings may change based on subsequently released data.

The Phaeon Polus officetel in Cheongdam-dong, Gangnam-gu, which ranked second in weekly transaction prices based on the Seoul residential real estate transaction data from June 1 to 5. Photo = Naver Map capture
The Phaeon Polus officetel in Cheongdam-dong, Gangnam-gu, which ranked second in weekly transaction prices based on the Seoul residential real estate transaction data from June 1 to 5. Photo = Naver Map capture

The highest-priced property in this tally is a detached/multi-family house located in Seokchon-dong. The transaction area is 850.08㎡, and the sale price is 14.241 billion won. As it is an individual house transaction without an apartment complex name, it is difficult to compare market trends directly like similar-sized apartment transactions. However, it is an example showing the scale of large housing transactions with strong individual characteristics.

The second highest-priced property is the Phaeon Polus officetel in Cheongdam-dong, Gangnam-gu. A 4th-floor unit with a dedicated area of 195.43㎡ was sold for 5.165 billion won. This is the highest amount among the officetels included in the high-priced transaction rankings this week.

This transaction is noteworthy because it is a luxury officetel, not an apartment. It is striking that a luxury officetel was included in the top high-priced transactions at a time when regulations for land transaction permit zones are applied to apartments across Seoul. While it is difficult to interpret this directly as demand to avoid regulations, it confirms that high-end residential demand does not stop only at apartments.

The third is a house in Seongbuk-dong, Seongbuk-gu. The transaction area is 387.58㎡, and the sale price is 4.73401 billion won. Seongbuk-dong is a traditional high-end residential area where large detached houses are gathered. Although its location and property characteristics differ from new apartments in the Gangnam area, large houses were once again included in the top high-priced transactions in this tally.

Apartment transactions also continued. A 13th-floor unit of Tower Palace 1 in Dogok-dong, Gangnam-gu (dedicated area 174.67㎡) was sold for 4.5 billion won, and a 2nd-floor unit of Woosung Apartment in Jamsil-dong, Songpa-gu (dedicated area 131.08㎡) was sold for 3.8 billion won.

Among transactions for the so-called "national average" size of around 84㎡ of dedicated area, Gaepo Raemian Forest in Gaepo-dong, Gangnam-gu recorded the highest price. An 84.86㎡ unit was sold for 3.2 billion won.

Transactions of similar sizes were also confirmed in Parkrio, Sincheon-dong, Songpa-gu. An 84.79㎡ unit sold for 2.96 billion won, and an 84.9㎡ unit sold for 2.93 billion won. While price differences can occur depending on the individual building, floor, and orientation, these are examples that show the recent price range of large-scale apartment complexes.

In addition, an 81.84㎡ unit at Cheongdam Daerim e-Pyeonhansesang in Cheongdam-dong, Gangnam-gu, sold for 2.55 billion won, and a 134.789㎡ unit at Dogok 1st I-Park in Dogok-dong sold for 2.51 billion won.

Source: Seoul Real Estate Information Plaza
Source: Seoul Real Estate Information Plaza

Looking at the top transactions by region, Songpa-gu stands out. Along with the house in Seokchon-dong that recorded the highest price, Woosung Apartment in Jamsil-dong and two Parkrio transactions in Sincheon-dong were included in the top rankings. In Gangnam-gu, transactions in Cheongdam-dong, Dogok-dong, and Gaepo-dong were confirmed evenly.

Although there are limitations to direct comparison due to different area standards by asset type, we can also look at the price per 3.3㎡, simply converted based on transaction area. The Seokchon-dong house is approximately 55.38 million won, the Cheongdam-dong Phaeon Polus is approximately 87.37 million won, and the Seongbuk-dong house is approximately 40.38 million won. The average sale price per 3.3㎡ for Seoul apartments in December 2025, announced by KB Real Estate, was 59.259 million won.

However, detached/multi-family houses, officetels, and apartments all differ in area standards, land ownership, construction age, management methods, and location scarcity. The price per 3.3㎡ is merely a reference material to understand the scale of a transaction, not the sole criterion for judging the value of an individual asset.

The policy environment is also shifting. The Seoul Metropolitan Government is designating or redesignating land transaction permit zones, mainly focusing on candidate sites for rapid integrated planning and public redevelopment projects, to guard against the inflow of speculative demand. The Ministry of Land, Infrastructure and Transport has introduced measures to expand the supply of non-apartment housing, including urban-type living houses, and to support the early start of construction for 100,000 apartments in the metropolitan area.

These policies are not factors that directly explain individual high-priced transactions this week. However, it is clear that the policy perspective on the Seoul housing market is moving beyond just apartment purchase regulations to include maintenance projects and non-apartment supply.

The essence of this week's transactions does not lie in the single figure of 14.2 billion won. Large houses, luxury officetels, ultra-high-end large apartments, and 84㎡ large-scale apartment complexes all appeared in the top rankings simultaneously. The key observation point for the first week of June is that the Seoul residential market is becoming segmented based on location and product type rather than moving solely in favor of large apartment complexes.

※ This article was written by Bizhankook and MetaVX's generative AI.

This article was automatically translated by AI. There may be errors compared to the original Korean article.
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