A recent survey found that the apartment prices in the three districts of Gangnam (Gangnam, Seocho, and Songpa) account for 43% of the overall apartment prices in Seoul. As apartment prices in the three districts of Gangnam surged, that percentage also increased.

(Seoul=News1) Reporter Min Kyung-seok = President Lee Jae-myung states on the 3rd regarding the government’s real estate policy, “This loan regulation is merely a taste test,” adding, “There are many demand suppression measures left.” On this day, at the press conference commemorating the 30th day of his inauguration held at the Blue House’s guesthouse in Seoul, President Lee mentions, “Amid the intensifying concentration in the metropolitan area, speculative demand is severely disrupting the market. I will change this overall trend,” he says. The photo shows the apartments in the Gangnam area viewed from Namsan in Jung-gu, Seoul, on 2025.7.3/News1

On the 3rd, real estate big data company Real Estate R114 reported that the total market capitalization of Seoul apartments, categorized by district, was 744 trillion 726.4 billion won as of June 25. This represents 43% of the total market capitalization of Seoul apartments, which is 1,732 trillion 499.3 billion won. This percentage is the highest monthly share since January 2000, when the district-specific apartment market capitalization was first tallied.

By district, Gangnam's market capitalization was the highest at 312 trillion 480.5 billion won. Following were Songpa with 221 trillion 757.2 billion won and Seocho with 210 trillion 488.8 billion won.

Graphic=Jeong Seo-hee

As of December 2023, the proportion of apartment prices in the three districts of Gangnam was still below 40%. However, it first surpassed the 40% mark in January of last year (41%) and has continued to increase, rising to the range of 42% in January this year.

Last month, the total market capitalization of Seoul apartments increased by 13.1% compared to the same month last year (1,532 trillion 257.5 billion won). The market capitalization of apartments in the three districts of Gangnam rose by 17.7% over the past year, from 632 trillion 850.5 billion won in June of last year to 744 trillion 726.4 billion won last month.

Yoon Ji-hae, head of the Research Lab at Real Estate R114, said, "New apartments continue to be built in the Gangnam area, and with a "premium" added to the apartments in this region, the overall market capitalization is increasing."

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