Sin-do-rim reaches 1.89 billion won, Dangsan 1.6 billion as Seoul’s southwest transit hubs set new records

Seoul’s housing boom is moving into the city’s southwest, where apartments near two subway lines are posting record prices. In Sindorim, a so-called “national standard” 84-square-meter apartment reached the high 1.8 billion-won range. Dangsan also recorded a top transaction in the 1.6 billion-won range.

According to the Ministry of Land, Infrastructure and Transport’s actual transaction disclosure system, an 84-square-meter unit at Sindorim 4th e-Pyeonhansesang in Guro District sold for 1.89 billion won on the 12th of last month. The same size units traded in the high 1.6 billion-won to low 1.7 billion-won range at the end of last year, but prices have since climbed into the high 1.8 billions.

An 84-square-meter apartment at Sindorim Dong-A 3rd also changed hands for 1.629 billion won on July 29. The article attributes the area’s appeal to its transport links and steady demand from office workers, while noting that Seoul’s broader price rise has recently spread into the southwest.

The apartment near Sindorim Station owned by Hong Ji-sun, the second vice minister at the ministry and recently nominated as its minister, also recorded a new high.