Opportunities Preloader

Please Wait.....

Report

South Korea Residential Real Estate - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

Market Report I 2025-06-01 I 150 Pages I Mordor Intelligence

South Korea Residential Real Estate Market Analysis

South Korea residential real estate market size reached USD 402.02 billion in 2025 and is forecast to post a value of USD 437.58 billion by 2030, advancing at a 4.55% CAGR. The moderate expansion reflects a transition from speculative surges to policy-guided, sustainable growth. Fiscal backing for 252,000 public housing units, stable base rates at 3.00%, and stricter debt-service-ratio rules collectively temper volatility while keeping long-run demand intact. Demographic evolution is equally pivotal: single-person households already form 39% of all households, steering design, location, and sizing priorities toward smaller, highly amenitized stock. Meanwhile, technology advances-prop-tech platforms, smart-home upgrades, and data-rich rental marketplaces-reshape competitive tactics and developer margins

South Korea Residential Real Estate Market Trends and Insights



Government 2022-27 2.7 Million-Unit Housing-Supply Roadmap

Fiscal backing of KRW 58.2 trillion for 2025 channels unprecedented resources into 252,000 public dwellings, signifying a decisive pivot from demand-side cooling to supply-side resolution. Streamlined approvals for 30-year-plus complexes can trim project lead times by up to 6 years, yet 2024 Seoul permits reached only 32% of target, underscoring execution risk. Success of this roadmap will shape land-price stability, developer pipelines, and investor confidence for the next half-decade.

Rise of One-Person Households Boosting Studio Demand

One-person households climbed to 39% in 2025 and will likely eclipse 40% by 2030, prompting a surge in compact units and co-living formats. Premium co-living rents average KRW 1.13 million, a material spread above conventional studios, illustrating consumer willingness to pay for communal services. Seoul's rental-rate subsidies-up to 50% below market for residents aged 19-39-further support demand elasticity. With only 30.6% of single-person households owning homes, build-to-rent investors enjoy structural occupancy tailwinds.

Stricter LTV / DSR Caps Limiting First-Time Buyer Leverage

Stress-test DSR rules now factor in potential rate hikes, which are directly lowering loan limits. This change is hitting households in their 40s the hardest, as they have traditionally been the main drivers of first-time home purchases. While options like 50-year Bogeumjari loans offer some help, they only address part of the problem. At the same time, commercial banks have increased spreads to maintain their profit margins.

Other drivers and restraints analyzed in the detailed report include:

Redevelopment Wave in Seoul's "Gangnam Belt" / REIT & Tax Reforms Spurring Build-to-Rent Projects / Shrinking Working-Age Population Weighing on Long-Term Demand /

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Apartments and condominiums controlled 77% of the South Korea residential real estate market share in 2024. High-rise formats dovetail with land-scarce urban cores and presale financing dynamics. Smart-home retrofits-Trustay's deployments across 250 complexes-reinforce this dominance by refreshing aging stock without full reconstruction. Villas and landed houses, though smaller in volume, register the swiftest 4.75% CAGR as post-pandemic buyers prize outdoor space and ground access.

The villa uptrend is sharpened by aging households, whose accessibility concerns tilt preferences toward low-rise dwellings. Developers such as Kolon Global integrate mixed-form estates-803 units at Byeongyoungro Skychae Lac View-to capture this diversified appetite. Government aging-in-place subsidies for smart sensors further enlarge the addressable pool.

Mid-priced stock represented 63% of the South Korea residential real estate market size in 2024, providing the volume base for large developers. Yet the affordable cohort is rising at 4.69% CAGR, pulled forward by subsidy frameworks that target 30% of urban needs. Median Seoul apartment prices of KRW 1.04 billion intensify affordability pressures, redirecting purchasers toward subsidized offerings.

Didimdol loans with rates from 2.55% amplify buying power, while mid-market builders respond by standardizing design modules to defend margins. Luxury units confront anti-speculative guardrails and tighter foreign-buyer vetting, limiting upside despite marquee branding advantages.

South Korea Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Region (Seoul, Gyeonggi Province, Incheon, Busan, Other Metropolitan & Provincial Cities). The Market Forecasts are Provided in Terms of Value (USD).

List of Companies Covered in this Report:

Korea Land & Housing Corporation (LH) / Hyundai Development Company (HDC) / GS Engineering & Construction / Lotte Engineering & Construction / Booyoung Group / DL E&C (Daelim Industrial) / Daewoo Engineering & Construction / Posco E&C / Samsung C&T E&C Group / SK ecoplant (SK E&C) / Hanwha Engineering & Construction / Hoban Construction / Hines Korea / Knight Frank Korea / CBRE Korea / Savills Korea / JLL Korea / Cushman & Wakefield Korea / KOREIT / Chestertons Korea /

Additional Benefits:

The market estimate (ME) sheet in Excel format /
3 months of analyst support /

1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape
4.1 Overview of the Economy and Market
4.2 Real Estate Buying Trends - Socioeconomic and Demographic Insights
4.3 Regulatory Outlook
4.4 Technological Outlook
4.5 Insights into Rental Yields in Real Estate Segment
4.6 Real Estate Lending Dynamics
4.7 Insights Into Affordable Housing Support Provided by Government and Public-private Partnerships
4.8 Market Drivers
4.8.1 Government 2022-27 2.7 Mn-Unit Housing-Supply Roadmap
4.8.2 Rise of One-Person Households Boosting Studio Demand
4.8.3 Redevelopment Wave in Seoul's "Gangnam Belt"
4.8.4 REIT & Tax Reforms Spurring Build-to-Rent Projects
4.8.5 Smart-Home & Prop-Tech Adoption Raising Buyer Expectations
4.8.6 Pension & Insurance Funds Expanding Allocation to Residential Assets
4.9 Market Restraints
4.9.1 Stricter LTV / DSR Caps Limiting First-Time Buyer Leverage
4.9.2 High Household Debt Levels Restrict New Borrowing
4.9.3 Shrinking Working-Age Population Weighing on Long-Term Demand
4.10 Value / Supply-Chain Analysis
4.10.1 Overview
4.10.2 Real estate developers & Contractors - Key Quantitative and Qualitative insights
4.10.3 Real estate brokers and agents - Key Quantitative and Qualitative insights
4.10.4 Property management companies - Key Quantitative and Qualitative insights
4.10.5 Insights on Valuation Advisory and Other Real Estate Services
4.10.6 State of the building materials industry and partnerships with kep developers
4.10.7 Insights on key strategic real estate investors/buyers in the market
4.11 Porter's Five Forces
4.11.1 Bargaining Power of Suppliers
4.11.2 Bargaining Power of Buyers/Consumers
4.11.3 Threat of New Entrants
4.11.4 Threat of Substitute Products
4.11.5 Intensity of Competitive Rivalry

5 Market Size & Growth Forecasts (Value)
5.1 By Property Type
5.1.1 Apartments & Condominiums
5.1.2 Villas & Landed Houses
5.2 By Price Band
5.2.1 Affordable
5.2.2 Mid-Market
5.2.3 Luxury
5.3 By Business Model
5.3.1 Sales
5.3.2 Rental
5.4 By Mode of Sale
5.4.1 Primary (New-Build)
5.4.2 Secondary (Existing-Home Resale)
5.5 By Region
5.5.1 Seoul
5.5.2 Gyeonggi Province
5.5.3 Incheon
5.5.4 Busan
5.5.5 Other Metropolitan & Provincial Cities

6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves & Deals
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
6.4.1 Korea Land & Housing Corporation (LH)
6.4.2 Hyundai Development Company (HDC)
6.4.3 GS Engineering & Construction
6.4.4 Lotte Engineering & Construction
6.4.5 Booyoung Group
6.4.6 DL E&C (Daelim Industrial)
6.4.7 Daewoo Engineering & Construction
6.4.8 Posco E&C
6.4.9 Samsung C&T E&C Group
6.4.10 SK ecoplant (SK E&C)
6.4.11 Hanwha Engineering & Construction
6.4.12 Hoban Construction
6.4.13 Hines Korea
6.4.14 Knight Frank Korea
6.4.15 CBRE Korea
6.4.16 Savills Korea
6.4.17 JLL Korea
6.4.18 Cushman & Wakefield Korea
6.4.19 KOREIT
6.4.20 Chestertons Korea

7 Market Opportunities & Future Outlook
7.1 White-Space & Unmet-Need Assessment

  • Not Sure / Need Reassuring
    • Confirm Content
      • Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:

        Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.

        Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.

        Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.

    • Sample Pages
      • With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.

        It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.

        To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Check for Alternatives
      • Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.

        To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.

  • Prices / Formats / Delivery
    • Prices
      • All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.

        Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Discounts
      • As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.

        Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.

        To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.

    • Available Currencies
      • Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.

        Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.

        To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.

    • Licenses
      • License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Global Site License
      • The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.

        It is important to note that this may exclude Parent Companies or Subsidiaries.

        If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.

    • Formats
      • The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.

        If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.

    • Delivery
      • Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.

        Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.

        If a delay in delivery is expected you will be informed about it immediately.

    • Shipping Charges
      • As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.

        If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.

  • Ordering
    • By Credit Card
      • We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.

        Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.

        For more information on PayU please visit: https://www.payu.pl/en/about-us

    • By Money Transfer
      • If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.

        With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.

  • Security
    • Website security
      • We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.

        Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.

    • Credit Card Security
      • We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.

        PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.

PLEASE SELECT LICENSE
  • $4750.00
  • $5250.00
  • $6500.00
  • $8750.00
  • ADD TO BASKET
  • BUY NOW