00:02You're listening to AI Prism from Seoul Economic Daily.
00:30In Gyeonggi's Gwangmyung, Jeonsei prices have climbed more than 10% since January.
00:36And regulators are now weighing a tax hike on high-value, single-home owners, just as
00:42supply stays this tight.
00:44It's Friday, July 31st.
00:46Let's look at what's happening in Korea's property market.
00:50Tight loan limits have pushed would-be buyers back into the rental market, thinning the supply
00:55of Jeonsei listings across Seoul and beyond.
00:59Redevelopment delays in aging new towns like Bundang have pulled even more units out of
01:05near-term supply.
01:07At the same time, the government is finalizing a tax overhaul that could raise holding costs
01:12for landlords, adding pressure to pass those costs straight onto tenants.
01:18Here's what the numbers show.
01:20Seoul apartment Jeonsei prices rose 6.27% year-to-date through late July.
01:26More than five times 2025's 1.22% pace over the same period, driven by a supply crunch in
01:35high-demand northern districts.
01:38Songbuku's Kilumremian centerpiece complex posted a new Jeonsei contract at 1.03 billion won, roughly
01:46$746,000 on July 23rd.
01:51That same 84-square-meter unit type traded for just 680 million to 850 million won a year
01:59earlier, a jump of 200 to 400 million won in 12 months.
02:05Gwangmyung's Purugio Forena complex set a new Jeonsei high of 610 million won, about $442,000 this
02:14month.
02:15Seoul's four hardest-hit northern boroughs—Songbuk, Noon, Songdong, and Dobong—have all seen Jeonsei
02:23listings fall more than 70% since January.
02:27Seoul apartment sale prices, meanwhile, rose 0.25% this week, the second straight week of
02:34slowing gains as high-end Gangnam districts cool ahead of the tax overhaul.
02:40So what does this mean for buyers weighing a purchase this year?
02:43Earlier, we said Songbuk's Jeonsei price broke the 1 billion won mark.
02:49Here's what that actually means for you.
02:50Renters priced out of Jeonsei are increasingly pushed toward purchase decisions sooner than
02:56planned, even as loan limits stay tight.
03:00Watch the tax overhaul details due in early August, the Bank of Korea's next-rate decision,
03:06and Songnam's push to lift redevelopment quotas.
03:10All three could reshape supply and borrowing costs before year-end.
03:15For now, the math favors buyers who already have financing lined up over those still
03:20waiting for prices to soften.
03:23That's today's AI Prism, real estate.
03:26This episode was produced with AI Assistants based on Seoul Economic Daily reporting and
03:32reviewed by a human editor.
03:34AI Prism is a Juan Ifra award-winning series.
03:38We'll be back tomorrow.
03:39You've been listening to AI Prism from Seoul Economic Daily.
03:42just one way.
03:43We'll be right back.
03:46So we'll be right back.
03:46This episode is a statistic solo when looks, but there is an Opa from As Mann's promise-burأ.
03:46As an Así is a farmer 맛 to buy, I will certainly inform you about more that the firearm
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