The number of real estate gift transfers registered in Seoul rose year-on-year in all 25 of the city's districts during the first half of this year. The three Gangnam-area districts — Gangnam-gu, Seocho-gu and Songpa-gu — led in total volume, while Gwangjin-gu, part of the Han River belt, posted the sharpest percentage increase.
Real estate platform Jippum analyzed court registry data and found that Seoul recorded 13,518 ownership-transfer registrations by gift from January through June — 6,127 more than the 7,391 logged in the same period last year, a rise of 82.9 percent.
By district, Seocho-gu led with 1,268 cases, followed by Gangnam-gu with 889, Songpa-gu with 830, Dongjak-gu with 707 and Yongsan-gu with 671.
In terms of growth rate, Gwangjin-gu surged 154.5 percent — the highest of any district — rising from 235 cases in the first half of last year to 598 this year. Yongsan-gu followed with a 132.2 percent increase, then Dongjak-gu at 126.6 percent, Nowon-gu at 119.3 percent and Dongdaemun-gu at 119.3 percent.
Geumcheon-gu recorded the fewest gift transfers at 232 cases, followed by Dobong-gu at 262, Jungnang-gu at 365, Gangbuk-gu at 401, and Jongno-gu and Seongdong-gu at 419 each. Even among lower-ranked districts, volumes climbed — Geumcheon-gu rose from 130 cases a year earlier to 232, and Dobong-gu from 150 to 262 — confirming that the upward trend extended across the entire city.
"The number of gift-transfer registrations in Seoul during the first half of this year reached 13,518, up 82.9 percent from the same period last year," a Jippum official said. "While established top-tier districts such as Seocho-gu, Gangnam-gu and Songpa-gu maintained high volumes, some districts including Gwangjin-gu, Yongsan-gu and Dongjak-gu saw notable shifts in both growth rate and ranking."
Meanwhile, a temporary suspension of the heavy capital gains tax surcharge on multi-home owners expired May 10. Owners of multiple homes in designated regulated zones who sell a property are now subject to a maximum tax rate of 82.5 percent on their capital gains.
hwshin@heraldcorp.com
