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Cheongdam-dong (Korean: 청담동) is a ward of Gangnam District, Seoul, South Korea. [1] [2] The area is best known in South Korea as an affluent neighborhood populated by a disproportionately high number of high-income individuals and for having some of the most expensive real estate in the country.
Both areas are known for their gentrified leisure-based economies with a large number of galleries, cafes and restaurants. Hannam-dong is also known for having the most expensive real estate prices in South Korea, with recent (2020) apartment prices reaching $6.16 million. [30]
Seocho District ranks as one of the richest neighborhoods in South Korea and among the most expensive areas in Seoul with an average sales price of 47.75 million South Korean won per 3.3 square meters. [2]
Residents of Ichon-dong are regarded as highly affluent by many Koreans. Ichon 1-dong is known for its expensive real estate. It is home to many foreign residents, especially Japanese. [3] There are also many American expats, since the Yongsan Garrison is located nearby. [citation needed]
Home to 10 million people, Seoul has one of the most expensive housing markets in the world. The median price of an apartment has doubled in the last 10 years to around $685,000.
South Korea's median house prices hit a peak in June 2021 after rising 45% over five years, according to Korea Real Estate Board data. It has since fallen 19% following an aggressive interest rate ...
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [ 1 ] No.
The zipcodes with the most expensive median home sale prices and their identifying areas were: 29928 (South-side of Hilton Head) — $1,050,000 29920 (Saint Helena Island, Fripp Island, Dataw ...