[Breaking News] Seoul Housing Prices Rise for 90th Consecutive Week, Setting a 'New Record'... Gyeonggi Growth Rate Twice That of Seoul for the First Time in 5 Years.jpg

In particular, not only regulated areas but also non-regulated areas appeared at the top of the housing price increase rankings. Yeongtong-gu in Suwon, Giheung-gu in Yongin, Uiwang-si, and Dongtan-gu in Hwaseong are designated as adjustment target areas and speculative overheated zones. On the other hand, Gunpo-si and Byeongjeom-gu in Hwaseong are non-regulated areas. While the strength of housing prices continues in major regulated areas, the upward trend appears to be spreading to adjacent non-regulated areas.
Cases of high-priced transactions were also continuous in actual trades. According to the Ministry of Land, Infrastructure and Transport's real transaction price disclosure system, a 84㎡ unit in Raemian Highlands, Sanbon-dong, Gunpo-si, was traded for 1.2 billion won on the 20th. A 84㎡ unit in Sinnamusil Punglim, Yeongtong-gu, Suwon, also changed hands for 1.05 billion won on the 23rd, an increase of 153 million won compared to the transaction in August. An 84㎡ unit in Indeogwon Prugio El Centro, Poil-dong, Uiwang-si, was traded for 1.66 billion won on the 24th, breaking the record for the highest price this year.
In terms of transaction volume, the increase in some southern Gyeonggi regions was prominent. Based on the Ministry of Land's real transaction price disclosure system on the 28th, apartment sales in Yeongtong-gu, Suwon, in September totaled 510 cases, a 29.8% increase from 393 cases in August. In Giheung-gu, Yongin, cases increased by 11.8% from 254 to 284 during the same period, and in Gunpo-si, they increased by 3.2% from 408 to 421. In Byeongjeom-gu, Hwaseong, cases rose from 265 to 308 (16.2%), and in Dongtan-gu, they rose from 139 to 246 (77.0%). This contrasts with the 5.6% decrease in apartment transactions in Seoul and the 3.1% decrease in the entire Gyeonggi province during the same period.
Nam Hyeok-woo, a real estate researcher at Woori Bank, explained, "As the price strength in popular residential areas behind the semiconductor industry in southern Gyeonggi, including Suwon, continues, the upward trend is spreading as tenants whose leases are expiring and home buyers with lower purchasing power move to nearby areas." He added, "End-users are continuously moving to popular Gyeonggi areas adjacent to Seoul or non-regulated areas in search of 'cost-effectiveness'." He further added, "We expect the price strength in Gyeonggi-do to continue for the time being, regardless of the distinction between regulated areas."
In Seoul, the decline in the three Gangnam districts continued. Gangnam-gu recorded -0.38% this week, while Seocho-gu and Songpa-gu were recorded at -0.35% and -0.22%, respectively. Gangnam and Seocho-gu have been on a downward trend for 12 consecutive weeks, and Songpa-gu for 8 consecutive weeks. It was found that the strength in non-Gangnam areas, with Seongbuk-gu rising 0.39%, Seodaemun-gu 0.36%, and Jongno-gu 0.35%, supported the overall upward trend in Seoul.
Meanwhile, Seoul apartment Jeonse (lump-sum deposit lease) prices rose by 0.17% this week, a slightly larger increase than the 0.16% from the previous week. Dobong-gu saw the highest increase at 0.34%, followed by Dongdaemun-gu at 0.32%, Seongbuk and Geumcheon-gu at 0.31%, and Nowon-gu at 0.29%. While Gyeonggi rose by 0.18%, the upward trend was prominent in Giheung-gu, Yongin (0.42%) and Gwonseon-gu, Suwon (0.41%).
Reporter Park So-eun (park.soeun@mk.co.kr)