The Reality of Korean Real Estate

If Busan is like that, you can assume everything outside the Seoul Metropolitan Area is ruined. These days, in small provincial cities, a standard-sized apartment (85m²) that is only 8 years old doesn't even cost 200 million KRW.
In Busan, only the Haeundae, Suyeong, and Dongnae districts are doing well; you can buy a near-new standard-sized apartment in West Busan for the high 300 millions. Myeongji is a prime example. This means the situation is even more severe in non-metropolitan areas with smaller populations than Busan.
Even if we create distinct bipolar cities outside the influence of Seoul, the population in the Seoul Metropolitan Area will still reach 30 million. Small provincial cities are doomed.
This year, the first-priority subscription competition rate for apartments in Busan was only 0.6 to 1. n.news.naver.com It has been revealed that the first-priority subscription competition rate for apartments in Busan this year was only 0.6 to 1, failing to even reach 1 to 1. According to an analysis by the real estate platform Zigbang on the 6th regarding this year's subscription market (based on occupant recruitment announcements from January 1 to September 18), the first-priority