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  Apartment Prices in Seoul Deciline
  Writer : admin1     Date : 16-03-07 17:28     Hit : 542    

The average price of apartments in Seoul has dropped for the first time in about 22 months, driven by the government's measures to calm down the real estate market. The amount of cash deposits for apartment rentals has also fallen for three consecutive weeks. 

A real-estate market survey firm, Real Estate 114, said Sunday that the sale prices of apartment units in Seoul declined by 0.13 percent last week from the week earlier. The drop in the weekly gauge of apartment prices came for the first time in about 22 months since January of last year.

The apartment prices for Seoul's Gangdong district plunged the sharpest 0.59 percent, followed by 0.51 percent in Songpa and 0.24 percent in Gangnam, in contrast to several districts in northern Seoul, which picked up slightly, including 0.13 percent in Seongdong, 0.11 percent in Eunpyeong and 0.03 percent in Seongbuk. The Seoul city government has unveiled plans to build several apartment complexes in northern Seoul recently.

 

 

The source by the Chosun Ilbo