Seoul Apartment Prices: Rising Trends and Market Analysis

Seoul apartment prices are skyrocketing, but the market is fluctuating, with no significant long-term price changes.

### Fact-Checking the Current Seoul Real Estate Market
* 🏠 Seoul apartment prices have been rising for **13 consecutive weeks**, with the weekly increase recorded at **0.15%**.
* 📈 The current trend is often compared to the 2021 bull market, with prices in areas like **Gangnam and the Han River belt rising by hundreds of millions each month**.
* 📉 Contrary to the popular belief of a booming market, the actual transaction prices have been showing fluctuations, with some properties even experiencing a **slight decrease**.
* 💰 The prices of properties such as **Mapo Lemeian Prugio** and **Mapo The Class** have remained **relatively stable** over the past few years.
* 🔒 Due to the structure of the real estate market where it is difficult to generate significant profits from buying and selling existing apartments, it is advised **not to rush into making investment decisions**.
* 🏢 In the case of new apartments like Mapo Zai Hills State Rachel Gongdeok 1st District, although the **offering prices are high**, the **actual value of the units may vary** depending on the type and floor.
* 📊 The number of listings in the Seoul real estate market has increased significantly, with the current figure of **2,936 units** being **85% higher** than in June 2021.
* 🎥 As a personal YouTube broadcast, the speaker expresses their opinions based on the data they have analyzed, aiming to provide a **balanced view of the market**.

I will start the volume [music]. Let's raise the price, break the contract, actually, this is what happens in a bull market. Homeowners sign a contract, and suddenly, when they wake up, the value increases by 100 million won, then by 200 million won. Just return the deposit, and the house price increases accordingly. Articles like this will be written. Now, the weekly increase in Seoul apartment prices is getting larger. Seoul apartment prices have been rising for 13 consecutive weeks, and the rate of increase is also expanding. Even this week, it's still the same. Just by reading articles on the overall rising trend, it's clear that it's a bull market. Especially, as I mentioned earlier, raising prices and even canceling contracts, this was a significant event that occurred in 2021. But now, this is the current situation. This was reported by MBN. When you watch the report, the reporter interviews real estate agencies about the current prices.

As the house prices go up now, even if you repay the deposit, so the down payment is received, the homeowner made a contract. So, when the house price goes up to over 100 million won, like 200 million won or even higher, right? After signing the contract, actually, how much should be paid up to the remaining balance, at least about one month, right? So, it's better to return the money and receive more, right? So, even if you return 100 million won out of 100 million won, you can receive more, right? So, it's better to destroy the contract, keep raising it, but whether you raise it or not, it disappears as much, so houses disappear, so you can't sell them. That's the current situation. Right now, to the extent that there are no houses to sell, it symbolizes the trend that happened in the great 2021. The same things are happening on the scene now. But where is it happening? Gangnam has already started, and now, Seongdong, Yongsan, Mapo, and usually us.

It will become what is called the Mayong effect, the Han River belt on the north side of the Han River. From this area as the center, the prices are rising by hundreds of millions in a month. Now, they are rising by hundreds of millions each month, and the prices are hitting record highs. Due to this, various incidents are happening on-site. This week, reporters are talking about it. This week, according to the data from the Korea Real Estate Institute, Seoul apartment prices have increased by 0.15% in just one week. How much is 0.15%? The Korea Real Estate Institute mentioned that home prices have been extremely unstable. After the uptrend in 2021, it is recording the largest increase in nearly 2 years and 7 months. It is comparable to the trend in 2021, where this current trend of a bull market is happening on-site. With all these reports, broadcasts, and articles pouring in, things are going crazy. So, among my viewers,

In this way, if you look at it, there is some dissatisfaction, right? Like, when the apartment prices go down, you were making a fuss saying, Oh, the apartment prices are going down. But now, what's this? The house prices are going up. Please, stop broadcasting, stop broadcasting to that extent. Stop it. If you want to do it like that, you might as well stop the broadcast. Like this, in a booming market trend, you keep talking about only the falling house prices. So, if you're going to do that, you might as well stop the broadcast. If you're going to talk about it intensely, you'll probably talk about this kind of thing. So, regarding this part, since it's my personal broadcast, I talk about my personal stories. And those who watch the broadcast and leave comments, they are expressing their personal opinions. But regarding this part, today, I will once again share my opinion in my own way. Now, even in the daily economy, local wealthy people are buying Gangnam apartments.

People shopping in Seoul, those living in Seoul are actually living in Mangwon, Mapo, Yongsan, Seongdong, and Mangwon. So, residents of Seoul bought properties in these areas, and that's how the real estate market boomed. Now, the Woori Bank Asset Consulting Center has reanalyzed the statistics of the Korean real estate market based on property transfer registration. From last year to now, looking at the purchase ratio in major districts of Seoul, in the first quarter of this year (January, February, March), the purchase ratio of residents living in Seoul in Mangwon, Mapo, Yongsan, and Seongdong is 75.5%. So, in areas like Mangwon, about 25% are people coming from the capital area, Gyeonggi, Incheon, or other regions, while the majority are people from Seoul who bought properties. In Gangnam, it's only about 68%. So, Seoul residents are mostly buying properties in Mangwon.

It will be a story. So, right now, the fire has started. So, if I say the place where the most expensive apartments in Mapo are gathered, it would be Ahyeon Newtown. In Ahyeon Newtown, the most expensive apartment would be Mapo Lemeian Frugeo Marep. It's 3,885 units. It's been 10 years since it was built. It can still be considered a new building. It will soon be classified as an old building. With about 4,000 units, it's quite a remarkable apartment. However, if we look at the current price of a 35 square meter unit, well, I'm not sure about the actual site, but the actual transaction prices from the Ministry of Land, Infrastructure, and Transport are based on actual transactions. Just a few days ago, there was a transaction until June 14th. If this is not false, this is all based on actual transactions from the Ministry of Land, Infrastructure, and Transport. So, based on the actual transactions from the Ministry of Land, Infrastructure, and Transport, I will now objectively analyze it.

You can see the price. However, what's written in the contract, what should I do? Nowadays, if you falsify it, it causes trouble. So, generally, if you analyze based on objective data from the Ministry of Land, Infrastructure, and Transport, even in early May, it was around 1.7 billion, right? It went up to 1.8 billion. Exactly 1.8 billion, a deal was made. So, it almost reached close to 1 billion below 1.945 billion. Eventually, starting from the end of May, it continued to be rejected at 1.7 billion. It was a direct deal. Nowadays, even in places like Danggeun Market, they do it like this. But this is on the 2nd floor. Normally, for the 2nd floor, it could be around 1.5 billion. In the case of lower floors, so, in preferred areas like Seonhodong, lower floors

There could be a price difference of about 200 million won, so in any case, the situation now is that the deal is up to 15 billion won. Eventually, it seemed to go up a bit to 17 or 18 billion, but now it seems to have completely turned back to around 17 billion. This is why I don't see it as a bubble continuing in June. It is not visible in my eyes like this, it is showing a downturn again. Another thing is what you just saw now, right? Now, the shape of the data is the same, right? Currently, it's mixed with around 17 to 18 billion. Surprisingly, this is from 2020. Surprisingly, this is from 2020. Surprisingly, this is from 2020. Surprisingly, this is from 2020. It's surprising. Just as you saw earlier, right now, the data looks the same, right? It's mixed with around 17 to 18 billion. However, surprisingly, this is from 2020. Surprisingly, this is from 2020. It's surprising. Just as you saw earlier, right now, the data looks the same, right? It's mixed with around 17 to 18 billion. However, surprisingly, this is from 2020. It's surprising. Just as you saw earlier, right now, the data looks the same, right? It's mixed with around 

The trend is rising, and people often regret not buying at that time. They talk a lot about it. However, there is no need to regret because the content that is out for trading today is the same as it was back then, with prices ranging from 2.17 billion to 1.8 billion. It's just returning to the prices from four years ago. Whether you bought it four years ago or now, the content is essentially the same. Moreover, even though the highest price reached 19.45 billion, only a few out of the 4,000 households were lucky enough to sell at that price. Just seven people sold at the highest price, and the rest sold for around 1.8 billion within that range.

Whether it's during the best bull market or now, even after four years, there hasn't been much significant change. In reality, like Mapo's apology, there's no big change. So what? I couldn't buy a house back then. I thought I would become a beggar. I made a big fuss, but in reality, when you look at the price range, it's showing that. And now, oh, a viewer protested to me earlier. It went up from the 1.7 billion range to the 1.8 billion range. Why didn't you say anything when it went up to the 1.8 billion range? Oh, now the house prices are rising. Why didn't you say something like this? As I always say, whether it's a bear market or anywhere, it's a dead cat bounce. It goes up a little wobbly. But if I say, A transaction of 1.8 billion just took place from 1.7 billion, if I say this, many people might think, Oh, does this mean I should buy a house? It's going from 1.7 billion to 1.8 billion.

When I say it's going up, many people can get confused about this data, so I try to avoid creating confusion. These kinds of things are already causing a stir in broadcasting and newspapers. If I also make a fuss, many people could be affected. So, if possible, I would like to clarify now. Until the overall market goes up, in this fluctuating situation, it might be safer to look at the prices on the decline side rather than in the news or broadcasts. This is my personal broadcast, so I express my own opinions. That's why I always mention this. In reality, it has also been shown this way. However, if I have to make a decision on a 200 million won transaction and consider buying additional stocks, let's say you bought it at 1.8 billion won. So, if you bought it at 1.8 billion won...

Even if you buy a house for 1.8 billion won, initially, you will need to pay around 66,800 won for registration fees and nearly 70 million won. Then, if you add intermediary fees for buying and selling, it will cost around 13.8 to 14 million won. So, the cost of buying and selling alone amounts to about 100 million won. So, even if you buy it for 1.8 billion won and it rises to 1.9 billion won, as they say it reached the previous highest price of 1.9 billion won, buying it for 1.8 billion won and it becoming 1.9 billion won doesn't mean you can make a price difference profit. So, as I always say, for those who are buying for actual residence purposes, they are not considering the safety of housing for residence. I don't mention it. However, through this, those who have investment purposes, even if they buy a house for any amount, they have investment purposes. I always say that it is not the time to make such judgments yet.

This is the fact-checking part. Next, in the case of Mapo Maref, it's an old apartment, right? So, Mapo Prestige Zai, this is also an apartment complex with around 1,700 units, and it's a newly built one in this area. It was completed in March 2021. And recently, in April 2024, this April, it hit the highest price of 2 billion won. So, if I talk about the case of Mapo Prestige Zai, some might nod in agreement. It's the same here. Deals were around 1.8 billion to 1.9 billion, but in April, a deal was made at 2 billion. When a deal of 2 billion happens, it often involves the royal area or royal floors. I always mention that within an apartment, there can be a price difference of around 2 to 3 billion between royal and non-royal areas. So, a deal of 2 billion can happen.

Well, this could be the best, but as you can see, it was trading at 1.8 billion, 1.9 billion, then it hit 2 billion once, and then it went back to 1.8 billion, 1.9 billion. There's no significant change. Just because it hit 2 billion, the newspapers and broadcasts make a big deal out of it. But if we keep seeing 2 billion come out one after another, or 2.1 billion, or 2.2 billion to indicate a major upward trend, that's not the case. It's just going back and forth between 1.8 billion and 1.9 billion. So, when did this price originate? It's really surprising that it's exactly the same. This is the price from 20 years ago. It's the same as 20 years ago. It's the same now. 1.8 billion, 1.9 billion now. It's the same thing. It hit 2 billion once, then back to 1.8 billion, 1.9 billion. No, this is just repeating the same thing. It's not a big deal that we hit the highest price.

It seems like, but right now, in the case of Mapo Press, luckily, the sales of 2 billion won have already been divided into two portions. So, when the highest price was reached in 2020, it was 2 billion won once, and now another 2 billion won once. The rest, without asking or calculating, has been consistently around 1.8 billion or 1.9 billion for four years. Of course, it may drop a bit when the market is down again. This is always the situation. So, it's just back to the price four years ago. Therefore, there is no need to regret not buying a house at that time, and the situation is the same now. But if you rush to buy now, you might feel anxious. I'm telling you not to do that. So, what about Mapo Gran? You can know one or two, but you need to check three. Mapo Gran, also, around February 2020, about 1,300 households moved in.

In Shinchon, they changed the name to Mapo Grand Jai. Here, it reached 20.2 billion. It was higher than Mapo Prugio. It reached 20.2 billion. But now, here, it's a bit lower. There are transactions of 17 billion and 18 billion, and even down to 16 billion. In the case of lower floors, it's also 15 billion. So, the latest transaction on the 1st floor is 15.6 billion. So, in the case of lower floors, as I mentioned, it could be said that it has dropped by 300 million. Within this, there are preferences and dislikes, and it's a royal floor with seven pipelines. So, what about this one? It's the same. It's the same. Here, it's also the same, 17 billion, 18 billion, 18 billion. Here, luckily, in 2021, one, two, three, four, about five minutes, luckily, there's a lucky fab eagle shape here.

They were lucky to sell like this thanks to the current trend. The rest is all the same. Whether it's 1.7 billion or 1.8 billion, it's not much different from four years ago. Now, there was a property that was sold recently, Mapo the Class. It was supposed to be ready for occupancy in December 2022, and actually, it was occupied from January of last year. It's been a little over a year since then. The apartments that were sold at that time, like Mapo the Class, are they priced significantly differently? No, they are the same. It's around 1.7 billion won, almost 1.8 billion won now. It hasn't reached 1.8 billion yet, it's still around 1.7 billion. So, it was 1.7 billion here, and then it dropped to 1.69 billion. No, it's not like that. The market is not in a mood to return the down payment or anything like that, even though there were some issues like contract breaches in the news earlier.

I don't know where to register the actual transaction, but what I'm looking at is all the actual transactions registered with the Ministry of Land, Infrastructure, and Transport. This kind of thing is not happening. If you analyze the actual transactions of the Ministry of Land, Infrastructure, and Transport on-site, that's what it says. I can't even understand what that means. Why can't the bid price be raised to 2 billion or 3 billion? They might break the contract because it's their decision. However, there are no such things in actual completed contracts. Right now, in Mapo-gu, there are about 1,500 units in three apartments. These things are not happening. Then, in Mapo A-yeon New Town, there are still some people who received the allotment. At that time, the allotment price was around 1.4 billion. Of course, there was a controversy over high allotment prices. 1.44 billion... 1.4 billion, now it's 1.1 billion. Well, how much did these people...

Did you receive a lot of surplus from receiving this for sale? Not really. There are units starting from 1.43 billion won, mostly on the lower floors. Most people buy the lower floors through the sale, so if you add options here, it will be around 1.5 billion won. So, if you sell it for 1.69 billion won, for example, on the 5th floor, then you sell it for 1.69 billion won, those who bought it for around 1.5 billion won, like I mentioned earlier, should aim for around 1.6 billion won after deducting acquisition tax, registration fees, and such. There were various other costs to consider, right? When you factor in all the expenses, if you sell it for 1.69 billion won now, how much would you get? About 100 million won, right? Also, if you can't live there for 2 years, you ultimately have to pay taxes. After paying taxes, there will be nothing left. That's why I'm saying, whether you receive a sale in Seoul or not.

Buying an existing apartment is a structure that makes it very difficult to leave a huge profit, so I don't need to rush right now. I can't buy a house right now, it's not a big deal, but the newspapers and broadcasts keep saying that I can't buy a house, so I have no choice but to fact-check. I would appreciate it if you could understand my position. Right now, here at Mapo Zai Hills State Rachel Gongdeok 1st District, it will be a neighborhood across the street. It's not Iron Newtown, it's right in Gongdeok. The subscription just started now, and there are about 1,100 households here. But the subscription prices are outrageous. If you look at the 8 types, they are 1.69 billion, 1.69 billion, 1.71 billion, 1.74 billion, 1.74 billion. If you add options, it's definitely 1.8 billion.

Here, most of these are currently in CD type, as you can see, right? Why almost like this, you can just consider it as 1.8 billion. 1.8 billion. So, now, there is Mapo Zai Hills. I looked into it earlier. Oh, this was received through a subscription. How much profit can you make by selling it now? If you invest in this, it's okay. If you invest, well, if you live there, well, even if it's been 10 years, or rather 2 or 3 years, compared to an apartment that's been there for a while, at that price, that price, of course, I can't deny it. If I invest and have money, well, but if I just hang around and do this and that, and later hope to save some money, it's difficult to expect that. Moreover, in the case of Ma Po Hill now, Gongdeok 1yo, it came out on 463 Daero, and on the 21st, yesterday, now the occupancy notice was posted.

From July 1st, the special forces will enter, and the first priority will be on the 2nd. First, there is only a one-year preemption restriction, right? So, after signing the contract, you can preempt at any time within a year. Therefore, I will show you that everything is possible for now. There is nothing special. However, what you need to look closely at is the basic type. It's the same. Whatever the basic type is, the expansion type is the same. But when you look at Type A, it's what everyone generally prefers. It's a foyer structure. There are two bedrooms and a living room, even up to the master bedroom, all in a foyer structure for Type A. Type B, on the other hand, includes a guest room, two bedrooms, and a living room, arranged like this, with the kitchen facing this way. In the case of Type C, it is also in a bay style, with the bedroom facing the balcony like this.

What is ambiguous now is the bedroom 3, which direction is exactly what it is now, what this is, you can see why this ambiguous structure came out if you look at the layout. So, what is strange now? Looking this way, is this just a bow or is this a bow? It's ambiguous. Anyway, the type is now, in any case, like you see now, most of the things marked in purple here, I have marked all as D type. On the layout as well, it's like this now, it looks like a ribbon shape that we often call when we see this kind of thing. In the ribbon-shaped arrangement structure, the front head part is all now in D type. Everyone, no matter who looks at it, this is a bit of a preference, even the things that come out with the head shape here are all D type when you look closely. If you look at it as it is now, now, the cases like A type and B type are.

I prefer a certain type. The reason I see is because all the members go there. The highest floor in type A now is the 2nd floor, and in type B, the highest floor is the 3rd floor. Only type D goes up to the 15th floor. Here, even in building 10, the highest floor for type A is the 2nd floor, and for type B, it is the 3rd floor. The rest are all type D. Here, now, the highest floor for type B is the 3rd floor, and there is only one on the piloti. The rest are type D. There are no type C units, and in building 105, it's the same as 84. Type B on the 3rd floor, type A on the 2nd floor, and the rest are type D. Next, here, there are no type A units, only type D. Next, here, the highest floor for type A is the 2nd floor, and the rest are type D. Next, here, for type A and B, the highest floor is the 3rd floor for A and the 2nd floor for B. The rest are... this is all for now. Next, the rest are type C, and next, now, the highest floor for type B is currently the 4th floor. Next, here.

Type B is currently the highest, now on the 4th floor. Type A is not available, only Type D, and what's that, Type E, how is that? None preferred, as you can see, the good ones are all taken by the members. Type A and Type B, the preferred types, are only available for the 15th and 18th units. But all the highest ones are on the 4th floor. Moreover, they are all penthouses. Generally, the 1st and 2nd floors are... like that. Even so, it's not that expensive. Type C, on the other hand, is at the front of the ribbon shape. All of them were Type D. So, as I mentioned, the preferred floors, if I were to say, if even the current types become non-preferred types, then there could be a price difference of 200 to 300 million. However, looking at the current offering prices, it's not like that. In the case of Type B, in the case of Type C...

In the case of Type D, if you look, the 1st floor is already not a low price, right? The 1st floor is now 16 billion 6 thousand, or 16 billion 4 thousand, right? I mentioned this earlier, but if you add up various things, including options, it goes up to 17 billion. The same goes for Type D, right? 1st, 2nd, 3rd, and 4th floors. Even though it's a non-premium type now, it's not cheap. It's 16 billion 4 thousand, 16 billion 5 thousand, 16 billion 7 thousand. It's in the 16 billion range. The same goes for this type. So, here, for Type A, it's all the same. 16 billion 4 thousand, 16 billion 6 thousand for Type A, and 16 billion 6 thousand for Type D as well, or 16 billion 4 thousand, 16 billion 5 thousand. Then, for Type 84, just expanding the balcony, just the basic, will cost around 26 to 30 million won. This is only for basic options. If you add other options, then I...

When you look at it, it always exceeds 1.7 billion won. It's like that for the lower floors, the 1st floor. You should consider the 1st and 2nd floors as 1.7 billion won. The offering price is... Then, in the case of Mapo Raemian Prugio, as I mentioned earlier, nowadays, it's a world where direct transactions are even possible in the Danggeun Market. What is this about the 2nd floor being sold for 1.5 billion won? It's not some special relationship transaction. If you consider it as a 1.5 billion won transaction, anyway, if it's less than 1.7 billion won, the current transactions are being pushed down by 200 million won from the offering price. Oh, then since this is a direct transaction, let's exclude this and talk about it. So, in the case of Mapo The Grangjae, it goes up to 2.02 billion won, which is just a regular brokerage transaction, it's for the 1st floor. As I mentioned earlier, all the options are included since it's already been moved into. So, from the 1.7 billion won...

Think about it, below 1.5 billion won, the prices are formed below 200 million won. So, whether you are buying an existing apartment or a new one in Mapo for your own residence because you have the money and want to buy a new apartment, that's fine. What can you do about it? You have the money and want to move into a new apartment. However, if you are thinking about it for investment purposes, you should consider that you want to save some money when you move in later. It's a bit difficult for me to recommend this. This could be my personal opinion. However, realistically and generally, it's not like that. Because, based on the data I am looking at in Seoul today, as of June 21st, comparing it with 10 days ago, if you look at Mapo area now...

There were 230 cases of 2,936 gold, but now, there are no new listings compared to ten days ago. It remains the same. In fact, there are about six more listings. That's right. In the Mapo area, the situation with gold listings is like this. It's not that listings suddenly dropped. Since June, well, if we compare it to last year's June, it's the same. There were 2,600 cases at 2,900 won. Actually, now, there are about 300 more cases. So, as the reporter mentioned, if we compare the current trend, which has just begun, to June of 2021, how is it? At that time, listings were rapidly increasing. It was only about 1,500 cases. And the bid prices were incredibly high. However, compared to that time, listings have increased by a whopping 85%, reaching 2,936 billion. The current situation is crazy; people want to sell like crazy because listings have piled up enormously.

If you go into Naver, you know, I mean, you might not know which real estate agency went to the scene, but anyway, let's see the current listings on Naver. Well, there are listings registered now, right? Well, in the situation of 2021, almost double the number of listings are increasing now. Therefore, it cannot be proven by any data that there are no listings, or that homeowners are not putting their houses up for sale and canceling contracts. So, of course, viewers have complained to me like this, shouting, Please stop the broadcast now. Of course, you can do that, but what I want to say is that, actually, this is a YouTube channel, which is a personal broadcast, so I now express my beliefs and thoughts that I have.

This is a personal broadcast, and now, what I'm saying is that these kinds of broadcasts or things like this, they don't help me. When I hear these stories, I get too confused. I would prefer if you don't listen to those kinds of broadcasts. I'm truly sorry. So, and what about broadcasts that claim to have increased tremendously? As far as I know, there are many things like that. Even now, there are broadcasts saying you should buy now, and if you buy now, you'll make a lot of money. I know quite a lot about these kinds of broadcasts. If you need it again, there may be some valid points in such broadcasts, so you can listen to those broadcasts. Since this is my personal broadcast, I have certain standards, I have certain, I don't talk about going up or down. You know, right? I always have data, and from the data I have now, such data is showing. Of course, I analyze the data.

It is true that I have a certain direction while talking. If possible, I try not to focus too much on just going up for no reason. Because you might get confused. Ah, there is a current trend of rising markets that is being talked about a lot in newspapers and broadcasts. To balance that out, I talk about things that are not mentioned in the newspapers or broadcasts. It is true that there are reports of going up and such, but in reality, there are many aspects that do not actually support that. So, I emphasize once again that I am doing a broadcast that balances these aspects. Since this is my personal broadcast, I will continue to do my broadcasts confidently in the future. If today's discussion was helpful, please subscribe and like. Thank you.

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부스피 - 부동산 경제 시황

Seoul apartment prices have been rising for 13 consecutive weeks, with a significant increase of 0.

The booming market has led to a trend of breaking contracts to take advantage of the surging prices.

The situation has caused dissatisfaction among the public, with calls to stop broadcasting about falling prices.

The real estate market in Seoul has boomed, with residents mainly buying properties in Mangwon, Mapo, Yongsan, and Seongdong.

Ahyeon Newtown, specifically the Mapo Lemeian Frugeo Marep apartment complex, is seeing a significant increase in prices, reaching up to 1.

The real estate market, which previously seemed to be on the rise, is now showing a downturn, with prices stabilizing around 17 to 18 billion won.

The Stability of House Prices and Investment Potential

House prices are fluctuating within a range of 1.

8 billion, showing little significant change over four years.

Only a few out of 4,000 households were able to sell at the highest price of 19.

45 billion, while the rest sold within the 1.

The costs of buying and selling a house amount to about 100 million won, meaning that even if the price rises to 1.

9 billion, the profit margin is not significant, indicating that it's not the ideal time for investment purposes.

The Stability of Real Estate Prices in Mapo District

Mapo Prestige Zai, a newly built apartment, reached a record price of 2 billion won in April 2024, but has consistently stayed between 1.

9 billion won, showing no significant upward trend.

The prices for Mapo Gran (or Mapo Grand Jai) have slightly dropped from 20.

2 billion won to around 15-18 billion won, showing some fluctuation but remaining relatively stable.

There is a caution against rushing to buy, as the situation has remained largely the same for the past four years.

Stable Real Estate Prices in Mapo District, Seoul

Property prices in Mapo District, Seoul have remained stable, with only slight fluctuations over the past year.

Despite high subscription prices for new households, the resale prices for existing apartments have not seen significant increases.

The structure of buying existing apartments makes it difficult to make a huge profit, leading to a lack of urgency in the market.

Real Estate Investment Opportunities in Mapo Zai Hills

The Mapo Zai Hills development offers potential for profit through selling or investing in the property.

The different types of units, such as Type A, Type B, Type C, and Type D, each offer unique features and floor options, with Type D units being the most prominent.

The distribution of unit types varies by building and floor, presenting a range of choices for potential investors or residents.

The highest available type, Type B, is located on the 4th floor, while Type A is only available for the 15th and 18th units.

The prices for Type D apartments are around 16 to 17 billion won, with an additional 26 to 30 million won for basic options.

The current real estate market in the Mapo area shows a trend of prices being pushed down by 200 million won from the offering price, especially for direct transactions, making it a challenging environment for investment.

Fluctuating Gold Listings in the Mapo Area

The number of gold listings in the Mapo area has increased by about 6 compared to ten days ago.

Compared to June 2021, there are now approximately 300 more cases of gold listings, showing a significant 85% increase.

The broadcaster emphasizes the need to balance the discussion of the rising market trend with aspects that do not fully support it.