Seoul officetel purchase prices rose 0.16% in the third quarter from June, extending gains for a third consecutive quarter as rising apartment and jeonse costs shifted demand toward larger units. KB Real Estate data showed Seoul’s monthly officetel price index increased 0.1% last month, up from a 0.07% gain the previous month. Prices rose 0.26% in the first quarter and 0.39% in the second. Nationwide officetel prices fell 0.02%, with declines of 0.41% in Incheon and 0.13% in Gyeonggi Province. Units exceeding 85 square meters rose 8.15% from a year earlier, while those smaller than 30 square meters fell 1.22%. Seoul’s average large-officetel sale price reached 1.3931 billion won, while the average price for small units fell to 187.6 million won. Mid-to-large officetels also led the jeonse market, with average deposits rising 4.9% to 475.19 million won in September. The shift followed the designation of Seoul and 12 Gyeonggi regions as land transaction permit zones last October, which contributed to higher jeonse prices and encouraged demand toward officetels as apartment alternatives.