Business · Economy · 5 hrs ago
New apartment prices in Gyeonggi reach a record high
The average sale price of new apartments in Gyeonggi reached a record 22.56 million won per 3.3 square metres in the first nine months of the year.
Gyeonggi is a province around Seoul, and prices have risen for five years in a row.
In popular areas, including Guri, Bucheon and Gwangmyeong, average prices exceeded 30 million won per 3.3 square metres.
Apartment sale prices have also risen, especially in areas near semiconductor industry sites, including Dongtan, Yeongtong and Suji.
As costs rise, buyers are looking toward less expensive districts such as Ansan, Siheung, Osan, Icheon and Pyeongtaek.
Some of these districts are not subject to the same housing regulations as popular areas such as Guri and Gwangmyeong, where rules make borrowing and applying for homes harder.
The real estate industry expects demand to keep spreading to nearby areas with lower prices and transport or industry advantages.
Average new apartment sale prices in Gyeonggi Province reached a record 22.56 million won per 3.3 square metres in January–September 2026.
Prices in five popular cities exceeded 30 million won per 3.3 square metres, led by Guri at 39.91 million won.
Average apartment sale prices in the province rose 6.64% year on year in the first nine months of 2026.
Prices rose especially sharply in areas near Samsung Electronics’ semiconductor industrial complex, including Dongtan and Yeongtong.
The report said demand was drawing interest toward less expensive, non-regulated areas such as Ansan, Siheung, Osan, Icheon and Pyeongtaek.
- Who
- New apartment prices and the housing market in Gyeonggi Province.
- What
- Average new apartment sale prices reached a record 22.56 million won per 3.3 square metres.
- When
- January–September 2026; the report was published on October 16, 2026.
- Where
- Gyeonggi Province, South Korea.
- Why
- The article says prices have risen for five consecutive years. It also cites strong demand in popular areas and buyers’ interest in less expensive nearby areas.
This story does not have two clearly opposing sides.
Gyeonggi’s average new apartment sale price was 19.83 million won per 3.3 square metres.
The province’s average rose to 20.89 million won per 3.3 square metres.
Gyeonggi’s average new apartment sale price reached a record 22.56 million won per 3.3 square metres.
Apartment prices had risen 20.14% year to date in Hwaseong’s Dongtan district, according to the article.
- Gyeonggi average new apartment sale price
- 22.56 million won per 3.3 square metres, January–September 2026
- Highest city price
- Guri, 39.91 million won per 3.3 square metres
- Other cities above 30 million won
- Bucheon 37.18 million; Gwangmyeong 35.99 million; Uiwang 31.55 million; Gwacheon 30.13 million won per 3.3 square metres
- Average apartment sale-price change
- Up 6.64% year on year in January–September 2026
- Dongtan apartment-price change
- Up 20.14% year to date by the second week of October 2026
What people are saying
As sale prices in popular areas near Seoul exceed 30 million won per 3.3 square metres, the financial burden on actual homebuyers is reaching its limit.
The trend of demand spreading to areas in the same living zones that are less costly and have transport and industrial advantages will continue for the time being.