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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
Dongdaemun Design Plaza (DDP): A Creative Landmark in Seoul
Located at the heart of Seoul, the Dongdaemun Design Plaza (DDP) has become a symbol of modern design and architecture in Korea since its opening in 2014. Designed by the world-renowned architect Zaha Hadid, this futuristic structure functions as Seoul’s design hub, hosting a wide range of creative events and exhibitions. The Meeting of Beauty and Functionality in ArchitectureThe first thing that catches the eye about DDP is its unique, flowing exterior. The building’s curvaceous design resembles a stream of water, reflecting the natural flow of the surrounding urban landscape. The metallic surface of the structure changes color depending on the time of day and weather, offering a dynamic and ever-changing visual experience. Inside, the space is just as innovative. The exhibition halls, conference rooms, and event spaces are seamlessly connected, creating a sense of exploration for visitors. This design is not only aesthetically striking but also highly functional, making it an ideal venue for various events and exhibitions. A Hub for Culture and DesignAs the name suggests, DDP is centered around design. It hosts a wide range of programs, including fashion shows, design exhibitions, and creative workshops. Major global events like Seoul Fashion Week take place here, making DDP a focal point for both local and international designers and artists. Boosting Local Economy and TourismHistorically, Dongdaemun has been known as a hub for fashion and wholesale markets. The arrival of DDP has transformed the area into a modern tourist destination. Many visitors flock to DDP, which has also helped to revitalize the local economy. Additionally, the stunning nightscape of DDP, illuminated by creative lighting, has become a popular photo spot for tourists. A Model of Sustainable ArchitectureDDP is also a showcase for sustainable design. Solar panels installed on the roof and energy-saving systems help to partially power the building. Natural lighting is used throughout the space, reducing the need for artificial light and demonstrating a commitment to environmental sustainability. ConclusionDongdaemun Design Plaza is more than just a building; it is a cultural and creative icon in Seoul. Combining modern design, functionality, and sustainability, it is a must-visit destination for anyone visiting the city. As a space that inspires and leads the future of design and culture, DDP will continue to be at the heart of creative activity for years to come.
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!