South Korean apartment pre-sale prices exceed 21 million won per 3.3 square meters

The average pre-sale price for apartments across South Korea has now exceeded 21 million won per 3.3 square meters, marking a significant milestone. Data from Real Estate R114 indicates that the first half of this year saw the average price reach 21.43 million won, a 2.2% increase, or approximately 470,000 won, compared to last year's average of 20.96 million won.

Incheon recorded the most dramatic price surge, with average pre-sale prices climbing 22.1% from 18.94 million won last year to 23.12 million won in the first half of 2026. This translates to a 4.18 million won increase per 3.3 square meters, meaning an 84-square-meter apartment would cost over 140 million won more. Incheon is the only region to see a price increase exceeding 20%.

Other regions also experienced notable price hikes. Gyeongbuk saw an 18.4% rise, followed by Gyeongnam at 15.1%. While Seoul's price increase was lower at 14.9%, its average pre-sale price reached 58.97 million won per 3.3 square meters, up from 51.31 million won. The absolute increase in price per unit was the largest in the nation, at 7.66 million won.

Further price increases were observed in Jeonnam (11.2%), Gangwon (11.1%), and Chungbuk (10.5%).