Seoul apartment prices soar while regional markets keep declining

https://www.chosun.com/english/national-en/2025/06/22/YBUOH3MWOJBHJN74BVGV44QS2A/

Posted by Saltedline

3 Comments

  1. Yeah, basically this:

    > It recommended tailored regional policies and suggested developing key regional cities to ease the concentration in the capital region.

    It seems like people want to live anywhere commutable to Seoul and once they are built up they eventually are able to become their own thing and achieve their own gravity. Like how Bundang is its own centre that places like Suji often commute to. In that case Seoul is there when needed but otherwise not a daily necessity.

    IOW nobody is willing to outright leave Seoul and area but they can end up largely detached from it for most practical purposes.

  2. JimmySchwann on

    The solution is to keep building more housing as long as there’s demand. More supply drives prices down.

    Also, build the new places like the northern part of Seoul. Most new Korean developments are way too car centric.