In Dongtan, Hwaseong, and other regulated areas, the increase in housing prices has slowed, but the rental market remains strong. Meanwhile, buying interest is spreading to nearby areas like Giheung in Yongin.
According to the Korea Real Estate Agency's report on national weekly apartment price trends for the second week of July (as of July 13), the national average apartment sale price rose by 0.11% compared to the previous week. In the metropolitan area, prices increased by 0.21%, while Seoul saw a 0.30% rise, and regional areas experienced a 0.01% increase, maintaining an upward trend.
In southern Gyeonggi Province, the trends diverged between regulated and adjacent areas. Dongtan in Hwaseong recorded a 0.73% increase this week, the highest in the metropolitan area, but this was a significant slowdown from the previous week's 1.29%. Yeongtong in Suwon also saw its growth rate decrease from 1.19% to 0.64%. Similarly, the increase in Guri City dropped from 0.64% to 0.31%.
Conversely, Giheung in Yongin experienced a 0.59% rise, an increase from the previous week's 0.56%. Gwangmyeong City also saw its growth rate rise from 0.44% to 0.59%, continuing the strength in the metropolitan area, driven by rising transactions in Haandong and Cheolsan-dong.
Unlike the sales market, the rental market has continued to strengthen. In Dongtan, while the sale price growth rate slowed from 1.29% to 0.73%, rental prices increased from 0.36% to 0.50%. Giheung also saw rental prices rise from 0.26% to 0.31%, while Yeongtong experienced a slowdown in both sales and rental price increases.
Nam Hyuk-woo, a researcher at Woori Bank's Real Estate Research Institute, stated, "The strong demand in southern Gyeonggi Province, which began in Dongtan, continues due to expectations of a recovery in the semiconductor industry. Although Dongtan and Yeongtong have seen a reduction in growth rates due to short-term surges and regulatory impacts, demand is shifting to Giheung in Yongin, where price burdens are relatively lower, leading to a spread of strength in the market."
He added, "As housing prices in areas like Dongtan rise significantly, existing sellers are attempting to move to preferred areas such as Seongnam Bundang and Yongin Suji, which is also attracting demand and sustaining high growth rates in those regions."
Meanwhile, Seoul maintained a growth rate of 0.30%, the same as the previous week. Although some areas showed a wait-and-see attitude among sellers and buyers, the Korea Real Estate Agency noted that transactions continued to rise, particularly around transportation hubs, large complexes, and redevelopment projects.
Regionally, Seongbuk-gu saw the highest increase at 0.49%, followed by Guro-gu (0.44%), Jung-gu (0.40%), Gangseo-gu (0.38%), and Mapo-gu and Nowon-gu (each at 0.37%). In contrast, Gangnam-gu (0.16%) and Seocho-gu (0.11%) experienced relatively lower growth rates.
* This article has been translated by AI.
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