Post-6·27 Measures, Sales Volume and Value Drop Over 80%

Seoul Apartment Transactions: Comparison of Transaction Volume Before and After the Measures

Seoul Apartment Transactions: According to the Ministry of Land, Infrastructure and Transport’s real transaction system, Seoul apartment sales numbered 1,948 in the week before the June 27 loan cap measures (June 21–27), but plunged to 346 in the week after (June 28–July 4), a fall of 82.2%. Transaction value likewise collapsed from KRW 2.3718 trillion to KRW 0.3211 trillion, an 86.5% drop. Although many buyers rushed to finalize their “last-chance contracts” on the announcement day—when the mortgage cap was set at KRW 600 million—the market has since entered a near-complete standstill. The decrease was most pronounced on weekdays, erasing any weekend effect, as both buyers and sellers adopted a wait-and-see stance. Market analysts say this underscores a sharp erosion of price growth expectations in the short term. 강남 사무실 임대

Freeze in Prime Areas Centered on Gangnam 3 Districts and Mayongseong

The “Gangnam 3 Districts”—Gangnam, Seocho, and Songpa—experienced the sharpest contraction. Gangnam transactions fell from 96 to 12 (–87.5%), while Songpa plunged from 31 to 2 (–93.5%). Seocho saw trading fall from 12 deals in the prior week to zero in the week following June 27. The Mayongseong area (Mapo, Yongsan, Seongdong) also froze: Mapo transactions plunged from 105 to 9 (–91.4%), Seongdong from 124 to 16 (–87.1%), and Yongsan from 21 to 7 (–66.7%). Despite their status as premium markets with strong buyer demand, these hotspots saw buying interest evaporate almost overnight, with some districts—like Seocho—reporting no trades at all. Analysts say the measures’ shockwaves have reverberated across all prime areas, rattling the entire market.

Outlying Areas Like Nodogang and Geumgwan Ward Also Declined

Outlying districts feared to benefit from a “balloon effect,” such as Nodogang (Nowon, Dobong, Gangbuk) and Geumgwan Ward (Geumcheon, Gwanak, Guro), also saw steep declines. Nowon trades dropped from 158 to 45 (–71.5%), Dobong from 59 to 14 (–76.3%), and Gangbuk from 25 to 12 (–52%). In Geumgwan Ward, Geumcheon fell from 32 to 6 (–81.2%), Gwanak from 70 to 16 (–77.1%), and Guro from 76 to 18 (–76.3%). Every one of Seoul’s 25 districts recorded lower transaction volumes post–June 27, indicating the loan cap measures have worked comprehensively. The Hankyoreh reports that by blocking even mid-range buyers from shifting demand, the policy has sharply contracted the entire market’s demand pool. ruling party