The average sale price of Korea's most popular apartment size (84 square meters of exclusive floor area) for private apartments nationwide reached a record high of 727 million won. In Seoul, the price surpassed 2.1 billion won for the first time.
According to an analysis of Korea Real Estate Board subscription data by Real House, a sale price evaluation firm, the sale price of private apartments with 84 square meters of exclusive area nationwide (12-month moving average) was tallied at 727.02 million won last month, the firm said Wednesday. This is the highest level since the statistics began in 2021, and 11.67 million won higher than the previous record of 715.35 million won in March. The figure rose 2.2% from the previous month and 10.1% from a year earlier.
The sale price based on exclusive area also hit a record high. The nationwide average sale price per square meter was 8.55 million won last month, up 1.2% from the previous month's 8.45 million won. This exceeded the previous record of 8.54 million won set in March.
Last month, the average sale price of 84-square-meter units in Seoul rose 11.5% from the previous month to 2.13608 billion won, surpassing 2.1 billion won for the first time. This represented a 32.1% increase from the same period last year. The rise in Seoul's sale prices is attributed to high-priced complexes supplied in Dongjak District. The 84-square-meter unit at 'Summit The Hill' was priced in the 2.9 billion won range, while 'Acro River Sky' was in the 2.7 billion won range.
For mid- to small-sized 59-square-meter units, the nationwide average (536.15 million won) rose 1.66% from the previous month, while Seoul (1.54911 billion won) climbed 9.58% to enter the 1.5 billion won range for the first time.
