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Seongsu Apartment Most Expensive in Seoul

2012/07/08 Source

Galleria Foret /Courtesy of Hanwha Engineering and Construction

Galleria Foret in Seongsu-dong was the most expensive apartment in Seoul in the first half of this year. The list price of a 271 sq. m unit was about W5.5 billion, or W67 million per 3.3 sq. m. compared to W45 million at the time of its construction.

Last year, Mark-Hills in Cheongdam-dong topped the list with a 183.5 sq. m unit sold for W5 billion.

Galleria Foret, an apartment complex of 203 units spread over two 45-story buildings that opened in July 2011, took half of this year's top 10 list.

But in terms of sale prices per 3.3 sq. m Mark-Hills still outperformed Galleria Foret at W72 million, with one 192.86 sq. m unit selling for W4.1 billion this year.

According to the Ministry of Land, Transport and Maritime Affairs, apartments were the most expensive in Seongsu, Cheongdam and Samseong, while Hannam and Itaewon recorded the highest sale prices for townhouses and detached houses in the capital.

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