Pricey pyeong

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Pricey pyeong

 
A real estate agency in Gaepo-dong, Gangnam in southern Seoul, on Tuesday. Despite government efforts to drive down real estate prices especially in Seoul, a new record has been hit for the number of apartments selling for more than 100 million won ($85,000) per 3.3 square meters, with 52 of these flats changing hands this year through Sept. 14. That is seven more apartments than last year’s 45 and 19 more than the 33 in 2018. The H Firstier I Park, an apartment in Gaepo-dong that is currently under reconstruction scheduled to be complete in November 2023, is priced at 180.9 million won per 3.3 square meters. [YONHAP]

A real estate agency in Gaepo-dong, Gangnam in southern Seoul, on Tuesday. Despite government efforts to drive down real estate prices especially in Seoul, a new record has been hit for the number of apartments selling for more than 100 million won ($85,000) per 3.3 square meters, with 52 of these flats changing hands this year through Sept. 14. That is seven more apartments than last year’s 45 and 19 more than the 33 in 2018. The H Firstier I Park, an apartment in Gaepo-dong that is currently under reconstruction scheduled to be complete in November 2023, is priced at 180.9 million won per 3.3 square meters. [YONHAP]

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