June Property Market Update: S. Korea Financials | Asia Pacific

Research evidence excerpt

June Property Market Update: S. Korea Financials | Asia Pacific

Update

August 4, 2026 05:33 AM GMT

Morgan Stanley & Co. International plc, Seoul Branch+MS. Korea Financials | Asia Pacific Joon Seok

Equity Analyst

June Property Market Update Joon.Seok@morganstanley.comHeewon Choi +82 2 399-4934

Heewon.Choi@morganstanley.com +82 2 399-4836

Key Takeaways Minseo Kang

Research Associate

Housing transaction volumes increased nationwide (+3.5% M/M) in June, but Minseo.Kang@morganstanley.com +82 2 399-4816

Seoul declined sharply (-14.5%). Apartment transaction volumes also fell M/M in

Seoul.

Supply indicators weakened, with housing completions (-61%) and construction

commenced (-18%) declining Y/Y, although presales increased (+52%).

Housing prices continued to rise in Seoul (+0.7%) and the Metro area (+0.6%) in S. Korea Financials

Asia Pacific

July, with M/M gains similar to the previous month. Industry View Attractive

Please refer to related reports below:

Seoul apartment transactions declined 13.5% M/M in June (vs. +7% nationwide),

South Korea: Korea Still Has MoJo (2 Aug 2026)

following strong growth in April (+16.9%) and May (+18.9%) ahead of the expiry of

S. Korea Financials: 2Q26 Preview: Meeting

the capital gains tax surcharge exemption. According to media (JoongAng, Aug. 2),

Expectations (13 Jul 2026)

transactions in higher-priced apartments were particularly strong in May, with units

S. Korea Financials: May Property Market

priced above W1.5bn accounting for 27.9% of Seoul transactions (vs. 16.6% in

Update (9 Jul 2026)

March).

Korea Macro Strategy, Equity Strategy &

The government announced its 2026 housing tax reform package on August 3, Economics: Why Is KRW So Weak? (9 Jul 2026)

shifting the taxation framework toward property value and owner occupancy. S.