Seoul Property Gifts Show Clear Generational Wealth Transfer

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By Kim Do-yeon
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null - Seoul Economic Daily Finance News from South Korea

A clear pattern has emerged in Seoul's collective building gift market, with elderly property owners transferring assets to middle-aged recipients. Those aged 60 and older are driving the gifting, while recipients are concentrated in the 30-to-40 age group, according to an analysis.

On Monday, real estate information app Jippoom analyzed property gift cases among ownership transfers of collective buildings in Seoul from December last year through February this year, based on data from the Supreme Court's registry information platform. The number of donors stood at 1,177 in December 2025, declined to 851 in January 2026 and rose again to 982 in February. Recipients over the same period totaled 1,245, 911 and 1,018, respectively.

By age group, the elderly-led structure was pronounced. Donors aged 70 and older numbered 521, 398 and 390 over the three months, maintaining the highest share among all age groups. Donors aged 60 to 69 followed at 372, 260 and 316. Combined, those aged 60 and above accounted for roughly 70 percent of all donors. By contrast, donors in their 30s (34, 32 and 41) and 20s (16, 3 and 8) represented a relatively small share.

Recipients in the 30-to-40 age range formed the core. Those aged 30 to 39 totaled 808 over the three months (285, 238 and 285), while those aged 40 to 49 totaled 812 (341, 223 and 248). Recipients in their 50s averaged roughly 198 per month, those in their 20s about 139, and minors numbered 23 as of February, accounting for a low share.

null - Seoul Economic Daily Finance News from South Korea

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AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.