Seoul Apartment Prices Keep Edging Up as Government Mulls Steps

Seoul apartment prices edged up for a 46th straight week despite a broad set of government measures to cool demand, an ongoing trend that influenced the Bank of Korea’s decision to refrain from easing last month.

Apartment prices in the South Korean capital rose 0.18% in the week ended Dec. 15, the same pace as the previous week, according to Korea Real Estate Board data released Thursday. The latest figure highlights persistent demand for apartments in Seoul and extends year-to-date gains to 8.3%.