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As transactions in the real estate market freeze, the average sale price of apartments in Gangnam, Seoul has recently fallen.



There are also houses that are sold several hundred million won cheaper than the previous highest price, and this was covered by reporter Han Sang-woo.



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is the Parrio Apartments in Songpa-gu, Seoul with over 6,000 households.



In October last year, an 84.9 square meter apartment in this complex was sold for 2.52 billion won.



However, in just three months, last month, it was traded at a price of 2.164 billion won and more than 350 million won.



[Jamsil Area Authorized Broker: (Existing listings for sale) were on a low floor or poor copper level, but for the goods traded this time, copper is okay and the floor is 30 floors, but it seems that it is a real downward transaction to be traded at that amount. ]



The exclusive area of ​​124 square meters of Recenz apartment near Jamsil Saenae was sold for 3 billion won, 500 million won lower than the highest price, and the exclusive area of ​​84.82 square meters of Lake Palace nearby was sold for 2.3 billion won, 180 million won cheaper than the highest price.



The average sale price of apartments in Songpa-gu also fell by 0.02% for the second week in a row.



Gangnam-gu also fell 0.01% last week.



While the so-called 'trading cliff' continues, where both those wanting to sell and those who want to buy a house, some downtrends affect the overall market price.



[Kim Gyu-gyu / Director of Asset Succession Research Institute, Korea Investment & Securities: As the buying-and-waiting trend continues and it becomes difficult to dispose of houses, there are cases of transactions where prices have been adjusted down in the Gangnam area of ​​Seoul.

If the wait-and-see situation close to the transaction cliff continues, there will inevitably be a drop in prices even in the Gangnam area of ​​Seoul, a preferred area for investment.]



In January of this year, apartment sales in Seoul amounted to 1,283, which is one-fifth of the level in January last year.



Even less than in November 2008, when the real estate market was frozen by the global financial crisis.



Experts believe that if the trade cliff continues, the Gangnam area will eventually come under downward pressure.



(Video editing: Yoon Tae-ho, VJ: Park Hyun-woo)