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Added: 2026-05-28

[00:00:02]Something really strange is happening in the Seoul apartment market right now.

[00:00:05]Seoul apartment sales prices, which seemed like they would only ever rise, have plummeted for the first time in seven months.

[00:00:09]In particular, ultra-high-priced areas such as Gangnam, Seocho, and Songpa recorded a downward trend, plummeting by as much as 3.1%. The point is that while housing prices are falling, Jeonse prices have actually skyrocketed, breaking all-time records.

[00:00:25]What on earth is the reason for this bizarre coexistence of skyrocketing and crashing prices, where sale prices are falling while Jeonse prices are soaring? It is analyzed that this is due to the flood of sell orders ahead of the expiration of the suspension of heavy capital gains tax for multiple homeowners. Even in mid-priced areas like Nowon-gu and Gangseo-gu, actual buyers are aggressively snapping up listings, causing transaction volumes to skyrocket by 25%. Could this be a warning sign of a decline?

[00:00:39]Or is it the storm before the final surge?