[Monitor] Home transactions rise over W900m

The ratio of home transactions worth over 900 million won ($7,700) in South Korea topped 4.4 percent in 2019. It is the first time the proportion has crossed the 4 percent mark, and is the highest level since 2006, according to data by property market information provider Zigbang on Wednesday.

The data includes individual houses, multiplexes, townhouses and apartments.

Residences priced over 900 million won and 1.4 billion won marked 2.7 percent, while those over 1.4 billion won came to 1.7 percent.

The volume of housing transactions worth over 1.4 billion won was 10,468, exceeding 10,000 for the first time. Since the midpriced apartments in Seoul range between 880-900 million won, it is assumed that most of the high-priced housing transactions were done around the Seoul metropolitan area.

(khnews@heraldcorp.com)