Transaction volume decreased but housing prices surged 35.5%... What is happening in the Bundang apartment market?

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Transaction volume decreased but housing prices surged 35.5%... What is happening in the Bundang apartment market? - News Hotline
News Hotline
Regional temperature differences are becoming distinct in the first-generation new town apartment market. While apartment transaction volumes in Sanbon and Jung-dong increased significantly, it was found that median sales prices in Bundang and Pyeongchon rose sharply despite a decrease in transactions. In particular, Bundang's apartment transaction volume has decreased by 41.0% over the past year, but the median sales price per 3.3㎡ rose by 35.5%, exceeding 70 million won. Sanbon's transaction volume 10...

Regional temperature differences are becoming distinct in the first-generation new town apartment market. While apartment transaction volumes in Sanbon and Jung-dong increased significantly, it was found that median sales prices in Bundang and Pyeongchon rose sharply despite a decrease in transactions.
In particular, Bundang's apartment transaction volume has decreased by 41.0% over the past year, but the median sales price per 3.3㎡ rose by 35.5%, exceeding 70 million won. Sanbon recorded the highest growth rate among the first-generation new towns, with transaction volume increasing by 108.2%.