3,012 Applications for Land Transaction Permits in Seoul in August… Lowest Since October Last Year

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The number of new applications for apartment land transaction permits in Seoul last month hit a monthly low since the entire city was designated as a permit zone last October. The Seoul Metropolitan Government announced on the 14th that the number of new applications for apartment land transaction permits in Seoul for August 2026 totaled 3,012. This is the lowest monthly figure since the entire city was designated as a permit zone last October. …

연합뉴스-Yonhap News Agency

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(Seoul = Yonhap News) Reporter Kim Jun-tae = The Seoul Metropolitan Government announced on the 14th that the number of new applications for apartment land transaction permits in Seoul last month totaled 3,012.

Seoul Shinmun (서울신문)

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Buying sentiment has sharply contracted due to loan regulations, mandatory residency requirements, and the burden of property holding taxes, leading to a growing wait-and-see attitude. The decline rate is particularly high in the four districts along the Han River and in the southwestern region. The number of multi-home owners is decreasing, while purchases by non-homeowners are increasing. It has been observed that the volume of apartment sales…

asiae.co.kr

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Last month, the number of applications for apartment land transaction permits dropped to its lowest level since the entire city of Seoul was designated as a permit zone.