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Seoul officetels average sale price surpasses 300 million won
🇰🇷 South Korea /Economy & Trade

Seoul officetels average sale price surpasses 300 million won

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Documents & data Context piece
  • The average sale price for mid-to-large sized officetels in Seoul surpassed 300 million won in the second quarter of 2026.
  • This price increase is driven by strong buyer interest in larger officetel units, particularly in the southwestern region of Seoul.
  • Overall, Seoul officetel sale prices rose by 0.39% compared to the previous quarter, with the southwestern area seeing the highest growth at 0.85%.

The Seoul officetel market is experiencing a notable price surge, particularly for mid-to-large sized units. The average sale price for these properties has now crossed the 300 million won threshold, according to KB Real Estate's second-quarter 2026 officetel statistics.

This upward trend is fueled by increased buyer demand for larger officetel spaces. The data indicates a 0.39% rise in Seoul officetel sale prices compared to the preceding quarter. However, the market shows regional disparities, with the southwestern area of Seoul recording the most significant price increase at 0.85%.

While the overall market shows growth, the focus on larger units suggests a potential shift in buyer preferences or a response to the high cost of apartments. The rising prices in the southwestern region highlight specific market dynamics at play within the capital.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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