Seoul Apartment Prices Regain Momentum Ahead of BOK Meeting

South Korea’s property market picked up steam, reversing three straight weeks of moderating price increases in a signal that strengthens the case for the central bank to hold interest rates steady at next week’s policy meeting.

Apartment prices in Seoul climbed 0.2% in the week through Nov. 17, compared with a 0.17% gain in the week ended Nov. 10, according to Korea Real Estate Board data released Thursday. The latest figures underscore persistent demand for apartments in the capital, extending the rally to a 42nd consecutive week and taking year-to-date gains to 7.5%.