The sale and purchase of apartments happened in an instant.

1.
The sale and purchase of apartments happened in an instant.
I signed a sale contract in the morning, went to see a house that afternoon, and even signed a purchase contract.

In addition, most of the appliances and furniture are left behind because they are families who immigrate abroad after sending their children abroad to study.
(Wow, we were going to leave a lot behind and buy a new one!)

2.
It has been since late May that apartment prices in major Seoul areas have detected signs of an upward trend, but somehow in June..

A house sale contract was signed this week, so I'm going to see the houses I've seen before,
When I arrived, one was already sold, and the other was being coordinated.
There are two houses where prices go up while I'm looking at the houses..
It's already been up 3-4,000 times compared to two weeks ago, but it's up from here. What

3.
According to the rate of increase in apartment prices last week, Mapo-gu and Seongdong-gu ranked at the top (ranked fifth and sixth after Nonsan, Gwacheon, Seocho-gu, and Gangdong-gu), and the rise seems to be spreading from Mapo-gu to Seodaemun-gu, and Seongdong-gu to Dongdaemun-gu and Seongbuk-gu.

4.
On the other hand, in areas where the same location is ambiguous, but new sales in the Seoul metropolitan area are inevitably unsold. There has been a clear polarization.

In a situation where costs such as logistics and material costs have risen, there is no choice but to sell them at a high price, and as a result, there is no merit compared to the price of a new apartment nearby, which is a natural result.
(That's why we switched to one house in Seoul faster than the two in the Seoul metropolitan area.)

5.
Forward
1) Will unsold sales quickly lead to sold-out?
Or
2) Will the developer lower the price of the apartment to resolve the unsold property?

It is important to keep an eye on which of these two scenarios will go.
If it leads to No. 2, apartment prices in the Seoul metropolitan area and provincial areas will see a prolonged decline. Of course, major areas of Seoul, where demand is concentrated, are likely to continue to rise.


'Raising the price and breaking the provisional contract...Apartment prices in Seoul are increasing every week.'
https://www.youtube.com/watch?v=s35pJiE9_sA

"Loan interest rate at the bottom 2%"…Concerns over deepening household loans as interest rate level recovers three years ago'
https://n.news.naver.com/article/050/0000076596?ntype=RANKING&fbclid=IwZXh0bgNhZW0CMTAAAR3ypr5ngl_asc2ZhKLty9E35e8pDKtf6Gqj_sDAdKDEJ7DvyLN1o5XOMyM_aem_GCCMtzezO1w4fp5zzKGZhQ

'Hundreds and dozens of subscriptions to Seoul alone...Non-metropolitan areas are 'sledding' [real estate inspection in the first half of the year]
https://www.newsis.com/view/NISX20240621_0002782512?fbclid=IwZXh0bgNhZW0CMTAAAR10gxAvLoSHrcX11krNxIOCvNz6nywk5zkHjpe9ty9nHvFohS7ydcqBmdQ_aem_LFkemVcx05924Nu4OjbqEA

"'Get an apartment in Seoul'···People from the provinces who made an expedition investment'
https://www.sisajournal-e.com/news/articleView.html?idxno=403570&fbclid=IwZXh0bgNhZW0CMTAAAR3ddMzcrkJSmVSv5Fb3u5sBrbPLN4kAwznyGcZsdnqvlvNZjwzjGUznffg_aem_LkqOsfF1xCIYNpuu9PrE_w

'[NewsNow] Apartment prices in Seoul 'float'... What is the outlook in the real estate floor theory? / YTN'
https://www.youtube.com/watch?v=BYBwoGD6hXw