Suwon apartment prices jump 1.09% after Samsung loan program

  • Samsung Electronics launched housing stability loans for non-homeowner employees on September 1.
  • Yeongtong-gu apartment prices rose 1.09% in the week ending September 21.
  • Southern Gyeonggi price growth accelerated across areas near Samsung business sites.

Apartment sale prices in Suwon’s Yeongtong-gu rose 1.09% in the third week of September, the fastest increase among 182 surveyed cities, counties and districts nationwide. The gain followed Samsung Electronics’ September 1 housing stability loan program, which offers eligible non-homeowner employees up to 500 million Korean won at an annual interest rate of 1.5%. Price growth also accelerated in neighboring Gwonseon-gu, Yongin’s Giheung-gu and Hwaseong’s Dongtan-gu, popular residential areas near Samsung business sites collectively known as the semiconductor belt. Experts say the additional purchasing liquidity is supporting demand for eligible homes priced at 2.5 billion Korean won or less in the capital region.

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