Hwaseong Dongtan-gu and Guri City apartment prices continued rising this month following their new designation as regulated zones, according to KB Real Estate's July monthly housing price trends. Hwaseong Dongtan-gu recorded a 6.25% increase in apartment sale prices, expanding 2.09 percentage points from the previous month, while Guri City rose 2.29%, up 0.33 percentage points. Both regions showed slowing growth momentum despite higher absolute rates, reflecting a pace adjustment following regulatory measures. The two areas were newly designated as regulated zones this month, introducing transaction restrictions and loan limitations aimed at cooling overheated local markets.
Growth Momentum Decelerates in Both Regulated Zones
While both regions posted higher month-over-month increases, the expansion rate itself moderated compared to the previous month. Hwaseong Dongtan-gu's rate increase narrowed from 3.11 percentage points last month to 2.09 percentage points this month. Guri City's expansion rate similarly contracted from 0.76 percentage points to 0.33 percentage points. Hwaseong Dongtan-gu surpassed the 4% range recorded last month to set a new regional high.
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Gyeonggi Southern Districts Lead Regional Price Gains
Gyeonggi Province apartment sale prices rose 0.87%, expanding 0.22 percentage points from the previous month. Beyond Hwaseong Dongtan-gu and Guri City, southern Gyeonggi districts showed pronounced increases: Suwon Yeongtong-gu rose 3.06%, Gwangmyeong 2.52%, and Yongin Suji-gu 1.94%. Seoul apartment sale prices increased 1.05%, down 0.02 percentage points from the previous month. Gangbuk districts led Seoul gains, with Jungnang-gu rising 2.08%, Gangbuk-gu 2.01%, Seongbuk-gu 1.85%, and Nowon-gu 1.60%. Incheon reversed two consecutive months of decline to post a 0.04% increase. Nationwide prices rose 0.41%.
Leading Apartment 50 Index Records Second Consecutive Monthly Increase
KB Real Estate's Leading Apartment 50 Index reached 99.2 this month, up 0.38% from the previous month. The index tracks the top 50 apartment complexes nationwide by market capitalization and reflects market sentiment through price sensitivity. The index declined for three consecutive months from March as multi-homeowners sold distressed properties, then reversed course in June following the end of capital gains tax surcharge deferral.
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Seoul Price Outlook Index Declines but Remains Above Baseline
The proportion of respondents expecting price increases moderated slightly. Seoul's sale price outlook index fell 1.3 points to 124.0 after three consecutive months of increases. Index values above 100 indicate a greater proportion expecting price rises. By subregion, the 14 Gangbuk districts recorded 129.2 (down 0.2 points) and the 11 Gangnam districts 119.4 (down 2.3 points). Both figures remain above the 100 baseline. Gyeonggi Province (115.7) and Incheon (103.4) also showed expectations favoring price increases.
FAQ
What percentage did Hwaseong Dongtan-gu apartment prices increase this month?
Hwaseong Dongtan-gu apartment sale prices rose 6.25% this month, expanding 2.09 percentage points from the previous month, according to KB Real Estate's July monthly housing price trends.
Why did growth momentum slow in newly regulated zones despite higher price increases?
Both Hwaseong Dongtan-gu and Guri City showed reduced expansion rates in their month-over-month increases following their new designation as regulated zones this month, indicating a pace adjustment in response to transaction restrictions and loan limitations.
Which Seoul districts recorded the highest apartment price increases?
Gangbuk districts led Seoul price gains, with Jungnang-gu rising 2.08%, Gangbuk-gu 2.01%, Seongbuk-gu 1.85%, and Nowon-gu 1.60%, according to KB Real Estate data.
