Hello,
this is Zamsil Cheongwoon Real Estate Agency.
Here’s the latest update on the recent status
and listings for Jamsil apartments,
including Jamsil LLL's, Ricenz, Trizium, and Lake Palace,
as of the third week of February 2025.
With the lifting of land transaction permit regulations
for these apartment complexes,
the number of available listings has decreased,
and asking prices have risen further.
Following media reports,
buyer inquiries initially surged, but recently,
seller inquiries have also increased.
Buyer inquiries are primarily from investors looking
for gap investment opportunities
rather than those seeking immediate occupancy,
while seller inquiries mainly come from owners aiming to sell
after the recent price surge and upgrade to higher-end areas.
The rebound in the KOSPI index and political factors
appear to have further eased buyer sentiment.
Given these conditions,
Jamsil apartment prices are expected to continue rising
in the short term before stabilizing.
For prices to sustain long-term growth,
transaction volume needs to increase,
and the lease-to-sales price ratio must rise.
Whether the current price trend reflects sustained value appreciation
or a short-term bubble remains to be seen.
At this stage,
rather than focusing solely on short-term price fluctuations,
it is crucial to analyze long-term economic trends carefully
before making any purchase or sale decisions.
The rental market for Jamsil apartments,
including Jamsil LLL's, Ricenz, Trizium, and Lake Palace,
remains slightly subdued as attention has shifted toward sales transactions.
The lifting of the land transaction permit zone may also create
some temporary uncertainty in the rental market.