Which Area Saw Apartment Prices Rise the Most Nationwide? Nearly 30% in One Year

Seongnam’s Bundang district recorded the biggest apartment price increase in South Korea over the past year, with values climbing 29.5% from September 2025 through August 2026. The rise came as expectations grew for redevelopment and remodeling projects, particularly in Yatap-dong, Seohyeon-dong and Gumi-dong.\n\nGwangmyeong followed with a 28.4% increase, while Seoul’s Dongjak district rose 25.3%, Yongin’s Suji district 24.8% and Seoul’s Gwangjin district 23.8%. The rest of the top 10 were Hanam, Seongdong, Seongbuk, Hwaseong’s Dongtan district and Songpa, and every area was in the greater Seoul metropolitan region.\n\nThe pattern in Seoul shifted away from the traditional Gangnam stronghold. During the previous year, Gangnam, Seocho and Songpa ranked among the leading areas. In the latest period, however, Seocho rose 8.0% and Gangnam 6.8%, while increases accelerated in Seongdong, Dongjak, Gwangjin and Seongbuk.\n\nGwangmyeong’s increase also accelerated sharply, from 3.8% in the previous year to 28.4%, led by large redevelopment sites in Cheolsan-dong. Hanam, Suji and Dongtan posted gains of 21.4% to 24.8%, compared with increases of only 0.8% to 6.4% a year earlier. As of August 31, prices per 3.3 square meters stood at 37.1 million won in Hanam, 35.56 million won in Gwangmyeong, 28.98 million won in Suji and 27.04 million won in Dongtan. For a 112-square-meter supply-area apartment, that equates to roughly 900 million to 1.2 billion won.\n\nTransaction volumes rose in the newer top-ranked areas, including Gwangmyeong, Suji, Hanam, Seongbuk and Dongtan. Dongtan recorded the biggest increase, at 115.0%. By contrast, transactions fell in Gwacheon, Gangnam and Seocho, which had ranked highly in the previous year. Jikbang said expanded regulated areas, reduced mortgage limits for homes priced above 1.5 billion won and proposed higher holding taxes on ultra-high-priced homes may have redirected some demand toward less expensive areas.

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Demand may have shifted in part toward areas with relatively lower price burdens.