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Trend News
Larger homes have increased more in price
The rise in Seoul apartment prices has slowed due to the government’s tightened loan regulations. While transaction volumes have decreased and unsold listings are accumulating, large-sized apartments in Seoul are still setting record-high prices. Experts predict that demand from wealthy individuals, driven by the relative scarcity of large apartments, will further increase their popularity.According to the Monthly KB Housing Price Trends report by KB Real Estate on the 24th, the average sale price of large apartments in Seoul with a dedicated area exceeding 135㎡ was reported at 3.04661 billion KRW last month. This represents a 6% (172.13 million KRW) increase from October last year (2.87448 billion KRW). For the first time since KB began compiling this data in 2016, the average price has exceeded 3 billion KRW. The upward trend has continued for 16 consecutive months since June last year.This trend is also evident in the monthly apartment sale price index by area. Last month, the sale price index for large apartments in Seoul was 105.49, the highest since the statistics began in 2016. Compared to October of last year (100.84), it increased by 4.62%. In comparison, the price increases for other apartment categories during the same period were more moderate: 2.1% for medium-large apartments (102㎡ to 135㎡), 3% for medium apartments (85㎡ to 102㎡), 2.52% for small-medium apartments (60㎡ to 85㎡), and 1.4% for small apartments (under 60㎡).
Seoul Attractions
Olympic Park: Seoul’s Green Oasis of History, Culture, and Recreation!
Olympic Park, located in Songpa-gu, Seoul, South Korea, is a sprawling park that was created to host the 1988 Summer Olympics. It is one of the largest parks in Seoul, combining sports facilities, cultural sites, and natural landscapes. Here’s an introduction to Olympic Park: Historical and Cultural Significance1. 1988 Summer Olympics : Olympic Park was constructed to host the 1988 Summer Olympics, which was a significant event in South Korea’s history. The park includes various sports facilities that were used during the games, such as the Olympic Gymnastics Arena and the Olympic Stadium.2. Cultural Landmarks : The park is home to several cultural and historical landmarks, including the Mongchontoseong Fortress, an ancient earthen fortification from the Baekje Kingdom. The park also features the World Peace Gate, a large arch that symbolizes peace and harmony. Attractions and Features1. Sculpture Park : One of the key attractions of Olympic Park is its extensive collection of outdoor sculptures. The Sculpture Park features over 200 works of art by artists from around the world, making it an open-air museum of contemporary art.2. Ecological Areas : Olympic Park is known for its beautiful natural landscapes, including large green spaces, ponds, and gardens. It is a popular spot for picnics, leisurely walks, and outdoor activities. The Wildflower Garden and Rose Garden are particularly popular during the blooming seasons.3. Sports Facilities : The park includes various sports facilities that are still in use today. These facilities host numerous sporting events and activities, such as tennis, swimming, and basketball. The Olympic Gymnastics Arena, in particular, is a prominent venue for concerts and events. Recreational Activities1. Cycling and Walking Paths : The park features well-maintained cycling and walking paths that allow visitors to explore the vast area. Bicycles can be rented on-site, and there are several designated paths that take visitors through the scenic parts of the park.2. Fitness and Exercise Areas : Olympic Park includes several outdoor fitness areas equipped with exercise machines and facilities. These areas are popular among locals for morning workouts and recreational activities. Events and Festivals1. Seasonal Festivals : Olympic Park hosts various seasonal festivals and events throughout the year, including the Cherry Blossom Festival in spring and the Seoul Jazz Festival. These events attract large crowds and offer a vibrant atmosphere with performances, food stalls, and cultural activities.2. Concerts and Performances : The park's venues, especially the Olympic Gymnastics Arena, are frequently used for concerts, performances, and large-scale events. Many international and Korean artists perform here, making it a significant cultural venue in Seoul. AccessibilityOlympic Park is easily accessible by public transportation. The nearest subway station is Olympic Park Station (Line 5), which provides direct access to the park. It is also well-served by buses and has ample parking facilities for those traveling by car. Tips for Visiting- Best Time to Visit : The park is beautiful year-round, but visiting during the spring for cherry blossoms or autumn for fall foliage offers particularly stunning views.- Comfortable Footwear : Given the park's large size, wearing comfortable walking shoes is recommended to fully explore the area.- Event Schedules : Check the park’s event schedule in advance to catch any festivals or performances during your visit.Olympic Park offers a unique combination of sports, culture, and nature, making it a must-visit destination for anyone looking to experience the diverse offerings of Seoul. Whether you’re interested in historical landmarks, outdoor activities, or cultural events, Olympic Park has something for everyone.
Tasty Seoul
Discover the Delightful Flavors of Sulbing
If you’re looking for a sweet escape that blends tradition with a modern twist, Sulbing is the place to be. As one of Korea’s most beloved dessert cafés, Sulbing has redefined the classic Korean dessert, bingsu, turning it into an irresistible treat enjoyed by people of all ages.Sulbing specializes in bingsu, a Korean shaved ice dessert that’s topped with a variety of delicious ingredients. What makes Sulbing stand out is its innovative take on this traditional dish. From the classic Injeolmi Bingsu, featuring soft rice cakes and roasted soybean powder, to the tropical Mango Bingsu, bursting with juicy mango pieces and creamy ice, Sulbing offers something for everyone.But the magic of Sulbing doesn’t stop at bingsu. The café also offers a range of other desserts and drinks that perfectly complement your bingsu experience. Whether you’re in the mood for a rich piece of tiramisu, a fluffy Korean pancake (hotteok), or a refreshing smoothie, Sulbing has you covered.The atmosphere at Sulbing is just as enjoyable as the desserts. With its cozy, welcoming interiors and soft lighting, it’s the perfect spot to relax, chat with friends, or even enjoy some quiet time alone. Many Sulbing locations also feature large windows that offer beautiful views, making your dessert experience even more special.Whether you’re a local or a visitor, stopping by Sulbing is a must. It’s more than just a dessert café – it’s a place where you can indulge in the sweet fusion of tradition and innovation. So next time you’re craving something sweet, treat yourself to the delightful flavors of Sulbing. You won’t be disappointed!