[비즈한국] According to the actual transaction data for residential real estate in Seoul from September 14 to September 18, a 2nd-floor unit at Shinbanpo 2nd in Jamwon-dong, Seocho-gu, with an exclusive area of 107.31㎡, was sold for 4.62 billion won, ranking first in weekly transaction prices. While high-end apartments in Gangnam-gu and Seocho-gu dominated the top rankings, transactions around the 2 billion won mark also continued in Yeongdeungpo-gu, Mapo-gu, and Yangcheon-gu.
The transaction price for the top-ranked Shinbanpo 2nd is approximately 142.32 million won per pyeong. This is over 1 billion won lower than the 5.65 billion won price for a 9th-floor unit of the same exclusive area sold in June. While floor level and individual unit conditions may have influenced the price difference, it is difficult to confirm details such as orientation or interior condition from the publicly available data alone. Although it was the highest absolute price this week, it is difficult to interpret this as a transaction that set a new record or led a price increase.
Second place went to Dogok Rexle in Dogok-dong, Gangnam-gu. A 16th-floor unit with an exclusive area of 85.00㎡ was sold for 3.57 billion won, with a price per pyeong of approximately 138.85 million won. The same exclusive area traded for 3.775 billion won (19th floor) in June and 3.78 billion won (18th floor) in early September. This transaction is about 200 million won lower than the recent high, so it is not a case where the upper price limit has increased further. Even for the same exclusive area, price variations ranging from the high 3.5 billion won range to the high 3.7 billion won range are occurring depending on the floor and individual unit.
Third place went to a 16th-floor unit at Teheran I-Park in Yeoksam-dong, Gangnam-gu, with an exclusive area of 92.62㎡, which sold for 3.3 billion won. At approximately 117.78 million won per pyeong, this is 600 million won higher than the 2.7 billion won transaction for an 8th-floor unit of the same area in May. As there have been few transactions for this exclusive area over the past year, it is difficult to conclude a general upward trend for the complex based on a single sale, but it is among the highest prices recently recorded. The prices per pyeong for Shinbanpo 2nd, Dogok Rexle, and Teheran I-Park all significantly exceeded the average Seoul apartment price per pyeong of 59.259 million won announced by KB Real Estate last December.
Fourth place went to Seocho Grand Xi in Seocho-dong, Seocho-gu, where a 28th-floor unit with an exclusive area of 59.98㎡ sold for 3.22 billion won. Given that the median transaction price over the past 12 months is around 3.2 billion won and a 3rd-floor unit sold for 3.16 billion won in May, this transaction reaffirms the recently established price range of around 3.2 billion won. However, since the recent high reached 3.55 billion won, it is difficult to interpret this contract as a new upper price limit.
In fifth place, at Sujeong Apartment in Yeouido-dong, Yeongdeungpo-gu, a 15th-floor unit with an exclusive area of 150.65㎡ was sold for 2.77 billion won. Compared to a 1st-floor unit of the same area sold for 2.75 billion won in May, the price difference was only 20 million won. Considering that transactions for large areas are rare in this complex, this is closer to a reconfirmation of prices in the high 2.7 billion won range rather than a distinct upward trend.
Sixth place went to Mapo Xi in Yeomni-dong, Mapo-gu, where a unit with an exclusive area of 84.69㎡ sold for 2.6 billion won. It traded at the same price last July. It is significant that transactions in the 2.6 billion won range have been confirmed consecutively for an 84㎡ exclusive area outside of the Gangnam area.
Seventh place went to Hanil Apartment in Samseong-dong, Gangnam-gu, where a unit with an exclusive area of 80.29㎡ sold for 2.315 billion won. This is 35 million won lower than the 2.35 billion won price in February. As this is a complex with low transaction frequency, it is difficult to immediately conclude that the difference in individual transaction prices represents a decline in market value.
Eighth place went to Mokdong Cheonggu Hanshin Apartment in Mok-dong, Yangcheon-gu, where a unit with an exclusive area of 84.77㎡ sold for 2.05 billion won. In July, a 7th-floor unit traded for 2.22 billion won and a 1st-floor unit for 1.915 billion won. This transaction price is 170 million won lower than the high, so it is difficult to view it as an upward case. Price variations for the same area appear to persist depending on the floor and unit conditions.
Ninth place went to Hyundai 1st Apartment in Pungnap-dong, Songpa-gu, where a unit with an exclusive area of 83.02㎡ sold for 2 billion won. This is 50 million won higher than the 1.95 billion won price for a 9th-floor unit last August. However, as the number of transactions is not high, it is necessary to watch subsequent transactions to see if the 2 billion won mark will stabilize.
Tenth place went to Rivercent Prugio We've Apartment in Yeongdeungpo-dong 5-ga, Yeongdeungpo-gu, where a unit with an exclusive area of 84.98㎡ was sold for 1.99546 billion won. The same area last traded for 1.82 billion won in October 2025. While this transaction is 175.46 million won higher and approaches 2 billion won, the sample size is too small to judge it as the general market price of the complex.
Looking only at the top 10 transactions, Gangnam-gu and Seocho-gu accounted for 5 cases, but the overall price trend in Seoul showed a different aspect. In the weekly apartment price trend as of September 14 by the Korea Real Estate Board, Seoul's sales prices rose by 0.16%, a smaller increase than the previous week's 0.20%. While Gangnam-gu fell by 0.36%, Seocho-gu by 0.26%, and Songpa-gu by 0.12%, Jungnang-gu rose by 0.51%, Dobong-gu by 0.47%, and Dongdaemun-gu by 0.36%. In last week's top transactions, Shinbanpo 2nd and Dogok Rexle were lower than their previous highs, and Teheran I-Park was high amid limited trading. This is why it is necessary to distinguish between some high-priced transactions and the movement of the overall Seoul index.
Apartment sales reports in Seoul were tallied at around 3,300 units in August, and it is difficult to directly compare the current count for September with the previous month as the reporting deadline remains. However, the fact that the overall Seoul price growth rate has slowed for three consecutive weeks and the "Gangnam 3" districts have declined suggests a widening gap between the price expectations of sellers and buyers. As mortgage loan limits for the purpose of purchasing homes in the Seoul metropolitan area are capped at a maximum of 600 million won, the proportion of self-funding by buyers must inevitably increase for homes in the 2 billion to 4 billion won range. For this reason, high-end housing transactions may be more heavily influenced by a limited group of buyers with financial capacity and individual unit conditions than by overall Seoul demand. However, there is no direct evidence that specific transactions were concluded due to loan regulations.
※ This article was written by Bizhankook and MetaVX's generative AI.