00:00Before you sign anything in Korea's property market, the numbers just shifted.
00:04Byanjom in Hwasong posted a 0.65% weekly gain, the fastest rise in the entire Seoul metropolitan area.
00:11It's Friday, October 23rd.
00:13Let's look at what's happening in Korea's property market.
00:16Seoul apartment prices have now risen for 89 consecutive weeks, a record for the Korea Real Estate Board's data series.
00:22But the pace is slowing.
00:24Gangnam's three districts are still falling.
00:26Here's what the numbers show.
00:27Byanjom posted a 0.65% weekly gain, outpacing Doncton's 0.57%, making it the strongest performer in the Seoul
00:36metropolitan area.
00:37A single 84-square-meter unit at the Byanjom station I Park Castle sold for $1.03 billion on October
00:441st, up $130 million one from September.
00:48Doncton has climbed 20.83% year-to-date since the data series began in February.
00:53OfficeDell prices are following the same pattern.
00:55Mid-size units between 60 and 85-square-meters rose 0.12% in September, extending four straight months of
01:02gains.
01:03Units above 85-square-meters also turned positive.
01:06A Gwangyo Well Lake 84-square-meter unit in Sujigu sold for $650 million one this month, up 32.7
01:14% in roughly six months.
01:15Meanwhile, rental supply is tightening.
01:17Gyeonggi-gen's listings fell 38.7% from a year earlier.
01:22Gyeonggi apartment-gen's prices are up 6.17% so far this year, nearly seven times last year's pace.
01:28So what does this mean for buyers weighing a purchase this year?
01:31For people who have been stuck renting, the window may be narrowing.
01:35Gyeonggi South is no longer a value bet.
01:37Prices there have re-rated quickly, and the rental squeeze is pushing more demand into buying.
01:42Seoul's cooling trend and Gangnam's continued declines suggest the capital's core may still offer room to negotiate.
01:48Earlier, we said that the rental squeeze is pulling buyers toward mid-size office tells.
01:52Here's what that actually means for you.
01:54If you can't find a gents, the purchase decision may come down to timing, not preference.
01:59What to watch?
01:59That's today's AI Prism, real estate.
02:02This episode was produced with AI Assistants based on Seoul Economic Daily Reporting.
02:07AI Prism is a Juan Ifra Award-winning series.
02:10We'll be back tomorrow.
