Dongtan-gu in Hwaseong City saw apartment prices climb 1.46% during the fifth week of the sixth month (as of June 29), marking the fourth consecutive week of gains exceeding 1%. The surge was driven by strong demand for large residential complexes near Dongtan Station in Cheongye-dong and Yeongcheon-dong, pushing the cumulative price increase this year to 13.00%. On July 1, the Ministry of Land, Infrastructure and Transport designated Dongtan-gu, along with Giheung-gu in Yongin and Guri City, as regulated areas and land transaction permit zones, a move aimed at cooling the overheated market.
Dongtan-gu Apartment Prices Record Fourth Consecutive Week Above 1%
According to the Korea Real Estate Board's weekly apartment price trends released on the 5th, Dongtan-gu apartment prices rose 1.46% during the fifth week of the sixth month (as of June 29). This marks the fourth straight week of price increases exceeding 1%, with the cumulative rise this year reaching 13.00%. Prices climbed primarily in large complexes near Dongtan Station in Cheongye-dong and Yeongcheon-dong.
KB Real Estate's survey showed Dongtan-gu apartment sales prices increased 2.27%, up 0.71 percentage points from the previous week.
![Dongtan-gu apartment complex aerial view]()
Apartment complexes near Dongtan Station in Hwaseong City on the 30th. The Ministry of Land, Infrastructure and Transport designated Dongtan-gu, Giheung-gu in Yongin, and Guri City as regulated areas on this date. (Photo: Yonhap News)
Transaction Volume Hits 1,772 Deals in Sixth Month
Transaction activity in Dongtan-gu surged alongside price gains. According to the Ministry of Land, Infrastructure and Transport's real transaction price disclosure system, Dongtan-gu recorded 1,772 deals last month, the highest volume this year. Given the 30-day reporting requirement from contract date, actual transaction numbers for the sixth month are expected to be significantly higher.
Dongtan-gu apartment transactions had hovered around 1,000 deals per month before accelerating sharply upward. Cumulative transactions this year exceeded 7,000 deals.
Regulatory Designation Takes Effect July 1
Effective July 1, Hwaseong City's Dongtan-gu, Yongin City's Giheung-gu, and Guri City were added to the list of regulated areas and land transaction permit zones. Concerns emerged about potential spillover effects to neighboring regions.
In Gyeonggi Province, Manan-gu in Anyang and Gwonseon-gu in Suwon saw apartment prices rise 0.25%, up 0.05 percentage points from the previous week, according to Korea Real Estate Board data.
Seoul Apartment Sales and Jeonse Prices Maintain Upward Pressure
Seoul apartment sales prices rose 0.27%, with the increase narrowing by 0.03 percentage points from the prior week. Dobong-gu (0.37%), Dongdaemun-gu (0.36%), and Seongbuk-gu (0.36%) recorded the largest gains among mid-tier and lower-tier districts.
Jeonse (long-term lease deposit) prices remained elevated amid ongoing housing supply shortages. Seoul apartment jeonse prices climbed 0.30%, down 0.05 percentage points from the previous week but still at a high level. Seoul's cumulative jeonse price increase this year reached 5.10%, nearly matching the sales price increase of 5.11%.
KB Real Estate's jeonse supply-demand index showed Seoul exceeded the national average, with the rate of increase expanding this week.
![KB Real Estate jeonse supply-demand index chart]()
Jeonse supply-demand trends in Seoul compared to national average. (Source: KB Real Estate data)
FAQ
What caused Dongtan-gu apartment prices to rise 1.46% during the fifth week of the sixth month?
Prices climbed 1.46% during the fifth week of the sixth month (as of June 29) due to strong demand for large residential complexes near Dongtan Station in Cheongye-dong and Yeongcheon-dong. This marked the fourth consecutive week of gains exceeding 1%, with the cumulative increase this year reaching 13.00%.
How many apartment transactions occurred in Dongtan-gu last month?
Dongtan-gu recorded 1,772 apartment transactions last month, the highest monthly volume this year according to the Ministry of Land, Infrastructure and Transport's real transaction price disclosure system. Cumulative transactions this year exceeded 7,000 deals.
When did the Ministry of Land, Infrastructure and Transport designate Dongtan-gu as a regulated area?
The Ministry of Land, Infrastructure and Transport designated Dongtan-gu in Hwaseong City, Giheung-gu in Yongin City, and Guri City as regulated areas and land transaction permit zones effective July 1.
