High-priced apartment transactions in Seoul, which had declined following loan restrictions on June 27, increased again in September. Particularly, active trading in the Hangang Belt area pushed the share of transactions exceeding 1.5 billion won to 21.1%. Conversely, low-priced apartment transactions showed a declining trend. This is attributed to concentrated buyer demand in non-Gangnam Hangang Belt areas such as Seongdong and Mapo, where the possibility of land transaction permit zone designation increased following the September 7 measures. The market is expressing concerns about the possibility of additional government regulations after the Chuseok holiday.
