This month, the average sale price of apartments in the 11 districts of Gangnam, located south of the Han River among 25 autonomous districts in Seoul, surpassed 1.7 billion won. This is the first time in history. The average sale price of apartments in all of Seoul, including the 14 districts in the northern part of the city, approached 1.4 billion won.

(Seoul=News1) Reporter Park Se-yeon reports that on the 29th, listing information for apartments in Jamsil is posted at a real estate brokerage in Songpa District, Seoul. The real estate market in the metropolitan area rapidly cools as inquiries about transactions sharply decline due to the strengthened loan regulations that took effect on the 28th. The housing loan limit is restricted to 600 million won, and loans for purposes other than actual residence are completely blocked, effectively halting inquiries about transactions on site. 2025.6.29/News1

According to KB Kookmin Bank's 'June National Housing Price Trends,' the average sale price of apartments in the 11 districts of Gangnam was recorded at 1.733223 billion won. This marks the first time the average sale price of Gangnam apartments has exceeded 1.7 billion won. It is the highest figure since KB Kookmin Bank began compiling statistics by Seoul's autonomous districts in April 2013. The 11 districts of Gangnam include Gangnam, Seocho, Songpa, as well as Gangdong, Dongjak, Gwanak, Geumcheon, Yeongdeungpo, Guro, Yangcheon, and Gangseo.

The average price of apartments in the 14 districts of the northern part of the city recorded 988.76 million won. Including this, the average sale price of apartments in Seoul for June was calculated to be 1.381874 billion won. This also marked the highest figure for three consecutive months.

The gap between apartment prices in the provinces and those in Seoul continues to widen. The quintile ratio, which indicates the price difference between the top 20% of apartments (5th quintile) and the bottom 20% of apartments (1st quintile), was 11.9 times in June. This is the highest since KB Kookmin Bank began compiling relevant statistics in December 2008.

The average sale price of the top 20% of apartments in Seoul was 3.14419 billion won. Following the first time it exceeded 3 billion won last month, it surpassed 3.1 billion won in just a month. The average price of the bottom 20% of apartments was 490.85 million won.

Meanwhile, as housing prices have risen, the jeonse ratio (the proportion of jeonse price to sale price) has decreased. The jeonse ratio for apartments in Seoul was recorded at 53.0%. The ratio for the 14 districts in the northern part of the city was 56.5%, while for the 11 districts in Gangnam, it was 49.9%.

By autonomous district, Gangnam District had the lowest jeonse ratio at 39.4%. This means that if the sale price of an apartment is 1 billion won, the jeonse price is 394 million won. This is the lowest level since KB Kookmin Bank began compiling jeonse ratio statistics by autonomous district in April 2013.

Among the 25 districts in Seoul, those with a jeonse ratio below 50% include ▲Songpa District (41.9%) ▲Yongsan District (42.5%) ▲Seocho District (43.8%) ▲Yangcheon District (48.8%) ▲Seongdong District (48.9%) ▲Gangdong District (49.9%).

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