In Pyeongtaek, new apartments in the Jije and Goddeok areas are seeing record-high transactions. A 64.94 square meter unit at the Jije Station The Sharp Central City has increased from 600 million won last November to 845 million won this month, marking a 40.8% rise in about 11 months. Transactions exceeding previous highs have also been reported at the Pyeongtaek Jije Station Xi and Goddeok Jeil Pungkyungchae 3rd Centum, as well as Hills State Goddeok Sky City. However, with 5,711 units across four major complexes set to be completed in the first half of next year in the Gajwa and Brain City areas, the extent to which the market can absorb this large supply, especially with some pre-sale rights trading at a negative premium of 70 to 80 million won, will be a critical test for the recovery of Pyeongtaek's housing prices.
The Seoul city government plans to designate 100 additional Moa Town sites by 2030, aiming to establish a foundation for approximately 80,000 housing units. However, existing projects are facing reductions in designated areas due to local opposition. In the Beondong 4 area of Gangbuk District, four out of five planned zones—A-1, A-2, A-4, and A-5—have already been excluded. The only remaining zone, A-3, may also be withdrawn based on the results of a re-survey of resident opinions. Residents cite concerns over additional costs, relocation burdens, and decreased rental income as reasons for their opposition. To prevent similar conflicts, the city has raised the required agreement rate for new proposals from 30% to 60%.
In September, individual purchases of officetels in Seoul fell to 581 transactions, a 21.6% decrease from 741 in the same month last year. However, transactions for units sized between 40 and 60 square meters increased from 90 to 98, reflecting an 8.9% rise, contrary to the overall market trend. The share of officetels larger than 40 square meters in total individual purchases grew from 22.8% to 28.1%. Conversely, the most common size range of 20 to 30 square meters saw a significant drop from 326 transactions to 223, a decline of 31.6%. Price trends also varied, with the average sale price of officetels in Seoul decreasing by 0.06% for units under 40 square meters, while prices for those between 60 and 85 square meters rose by 1.07%, and those over 85 square meters increased by 1.57%, indicating a growing preference for larger units.
* This article has been translated by AI.
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