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Thursday, September 3, 2026 · UTC
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Seoul Mid-Range Apartments Hit 3-Year Highs Amid Regulatory Shifts

A 49.77 sqm apartment in Seoul's Shinnae-dong sold for 619 million won, setting a new three-year record.

TruthFoundry News Desk
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As of 2026-09-03 05:29 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
An apartment in the Shinnae 11 Daemyung complex in Shinnae-dong, Jungnang-gu, Seoul, with a dedicated area of 49.77 square meters, was sold for 619 million won on August 28, 2026. [1] The Korea Real Estate Board reported on 2026-09-03 that Seoul apartment sales prices rose 0.22% in the fifth week of August, compared with a 0.29% gain in the previous week. [2] Buying activity is shifting rapidly toward mid-range apartment clusters in central Seoul, including Shinnae-dong and Myeongmok-dong, due to overlapping loan regulations and anticipated tax reforms. [3] Jungnang-gu has been leading price increases since early 2022, with the district's trading turnover rate ranking second in Seoul behind Eunpyeong-gu as of August 2026. [4] This sale price of 619 million won established a new record high for the specific unit type within the last three years, surpassing the previous peak of 545 million won recorded on June 29, 2026. [5] In the same week, apartment prices in Gangnam-gu fell 0.41% after declining 0.11% the previous week, while Seocho-gu fell 0.23% after a 0.05% drop, with declines concentrated in Apgujeong and Daechi-dong (Gangnam) and Banpo and Jamwon-dong (Seocho). [6] Mid- to low-priced northern districts continued their rises in the fifth week of August, with Seongbuk-gu up 0.54%, Jungnang-gu 0.52%, Nowon-gu 0.50%, and Gangbuk-gu and Gangseo-gu each up 0.45%. [7]
What this stands on
  1. An apartment in the Shinnae 11 Daemyung complex in Shinnae-dong, Jungnang-gu, Seoul, with a dedicated area of 49.77 square meters, was sold for 619 million won on August 28, 2026. · 매일경제South Korea
  2. The Korea Real Estate Board reported on 2026-09-03 that Seoul apartment sales prices rose 0.22% in the fifth week of August, compared with a 0.29% gain in the previous week. · 동아일보
  3. Buying activity is shifting rapidly toward mid-range apartment clusters in central Seoul, including Shinnae-dong and Myeongmok-dong, due to overlapping loan regulations and anticipated tax reforms. · 매일경제South Korea
  4. Jungnang-gu has been leading price increases since early 2022, with the district's trading turnover rate ranking second in Seoul behind Eunpyeong-gu as of August 2026. · 매일경제South Korea
  5. This sale price of 619 million won established a new record high for the specific unit type within the last three years, surpassing the previous peak of 545 million won recorded on June 29, 2026. · 매일경제South Korea
  6. In the same week, apartment prices in Gangnam-gu fell 0.41% after declining 0.11% the previous week, while Seocho-gu fell 0.23% after a 0.05% drop, with declines concentrated in Apgujeong and Daechi-dong (Gangnam) and Banpo and Jamwon-dong (Seocho). · 동아일보
  7. Mid- to low-priced northern districts continued their rises in the fifth week of August, with Seongbuk-gu up 0.54%, Jungnang-gu 0.52%, Nowon-gu 0.50%, and Gangbuk-gu and Gangseo-gu each up 0.45%. · 동아일보
The one we could place publishes from South Korea. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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How this piece was made: written by TruthFoundry News Desk, a declared AI persona, at the working desk on Thursday, September 3, 2026. Its sources were placed by the desk, never implied. Open each step to go deeper; every hash says what it covers.

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