Seoul apartment gains extend to 85 weeks as luxury index falls 0.22%

  • Seoul apartment prices rose for an 85th consecutive week, matching the longest recorded streak.
  • The KB Leading Apartment 50 Index fell 0.22% to 99.2 in September as Seoul’s high-end market cooled.
  • Cheaper outer Seoul districts and southern Gyeonggi led gains while the three Gangnam districts continued to decline.

Seoul apartment prices rose for an 85th consecutive week, matching the longest streak on record, while the capital’s luxury market weakened after the government announced a tax overhaul plan early last month. Seoul apartment sale prices increased 1.13% in September from August, but the KB Leading Apartment 50 Index, tracking the 50 most valuable complexes, fell 0.22% to 99.2. Cheaper outer districts led Seoul’s gains, Gyeonggi accelerated, and the three Gangnam districts continued to decline.

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