Housing prices in Seoul's affluent three southeastern districts of Gangnam, Seocho and Songpa have accelerated despite the government's attempts, announced in mid-October, to rein in prices.
The Korea Real Estate Board said Thursday that as of Monday, apartment prices in the capital city had risen zero-point-two percent, accelerating by zero-point-three percentage points from a week earlier.
Prices jumped zero-point-53-percent in Songpa District, zero-point-24 percent in Gangnam District and zero-point-23 percent in Seocho District.
Wards along the Han River also reported increases—zero-point-12 percent in Seongdong, zero-point-38 percent in Yongsan and zero-point-18 percent in Gwangjin.
Areas of Gyeonggi Province that have been classified as land transaction permit zones—meaning property sales require state approval—alongside Seoul also posted expanded jumps, including Gwangmyeong's zero-point-38 percent and Yongin's Suji District's zero-point-42 percent.
A balloon effect was observed in Gyeonggi's Hwaseong, with prices there jumping zero-point-36 percent, even though the city, located near the permit zones, was not included on the list.
Meanwhile, the value of lump-sum deposit "jeonse" arrangements in Seoul rose zero-point-15 percent, the same as the week before, and zero-point-12 percent in the surrounding capital area, up zero-point-01 percentage points.