Written by 11:15 AM Economics

Highest Apartment Pre-Sale Price per Square Meter in Seoul Surpasses 40 Million Won

‘Pojes Han River’ sets a record for the highest selling price this year at 41.66 million won… 5 sites with prices surpassing 20 million won,

Seoul apartment view. Reporter Jong-min Park

Seoul apartment view. Reporter Jong-min Park,
, ‘The average selling price of apartments in Seoul has surged this year, with the highest price per square meter reaching over 40 million won.’,
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, “According to data obtained by Rep. Lee Yeon-hee of the ruling Democratic Party from the Korea Real Estate Research Institute on the 30th, the apartment with the highest price per square meter so far this year is ‘Pojes Han River’ at 41.66 million won.”,
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, ‘Compared to last year, when the average price per square meter of Seoul apartments did not even reach 20 million won, this year’s sharp increase in selling prices is striking.’,
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, “The top apartment complex by price per square meter for each year is as follows: in 2020, it was ‘Le L Shin Banpo Park Avenue’ in Jamwon-dong at 15.12 million won, and in 2021, it was ‘Lemian Won Bailey’ in Banpo-dong at 17.5 million won.”,
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, “Following that, in 2022 and last year, ‘Mapo The Class’ in Ahyeon-dong (12.32 million won) and ‘Samik The Rhapsody’ in Naebalsan-dong (17.5 million won) respectively recorded the highest price per square meter.”,
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, ‘Especially, this year, there are five sites with prices exceeding 20 million won per square meter, including ‘Lemian One Penthouse’ in Banpo-dong (20.88 million won), ‘Maple Zai’ in Jamwon-dong (20.66 million won), ‘DH Bangbae’ in Bangbae-dong (20.3 million won), and ‘Lemian Leventhus’ in Dogok-dong (20.01 million won).’,
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, ‘Industry experts attribute the substantial increase in Seoul apartment prices this year to a significant rise in sales in the Gangnam area.’,
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, ‘Rep. Lee Yeon-hee pointed out, “The government needs to review the overall real estate policies to curb excessive price increases in the market.”‘,
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