Yongsan apartment prices in the presidential office beat Songpa

September KB Real Estate House Price Trend
Yongsan rises 1.9% after taking office
Songpa, the biggest drop among the 25 districts in Seoul

▲ Yongsan Presidential Office. Seoul DB Newspaper

The price per 3.3 square meter (pyeong) apartment in Yongsan-gu, Seoul was more than Songpa-gu last month. Analysis follows that the relocation of the presidential office worked as a good thing.

According to KB Real Estate’s housing price trend on the 2nd, the average selling price per 3.3 square meters of an apartment in Yongsan-gu in September won 61.2 million. This is an increase of 140,000 won since the previous month (61.06 million won).

The selling price per 3.3 square meters of an apartment in Yongsan-gu has risen 1.9% in four months since the inauguration of President Yoon Seok-yeol in May from 60 million.

It is analyzed that expectations for the relocation of the presidential office to Yongsan and the promotion of the development of Yongsan maintenance depot have been reflected.

On the other hand, the average selling price per 3.3 square meters of apartments in Songpa-gu in September was 61.03 million won, down 0.5% from the previous month (61.35 million won). The largest decrease among the 25 districts was in Seoul.

In Gangnam-gu and Seocho-gu, the most expensive apartments in Seoul, the average sales price per 3.3 square meters was 8,491 million won and 78.28 million, respectively.

Meanwhile, the average selling price per 3.3 square meters of all apartments in Seoul in September was recorded at 50.93 million won, continuing the downward trend for three consecutive months.

Reporter Lee Jung-soo

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