이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Kospi nears historic high and Seoul apartment breaks price record
- Collected
- 2017.05.03
- Distributed
- 2017.05.04
- Source
- Go Direct
The benchmark Korea composite stock price index (Kospi) ended Friday at 2,219.67, up 0.65 percent from the previous session. Its intraday peak reached 2,229.74 and neared a historic high of 2,231.47 recorded on April 27, 2011, after foreign investors went on a buying spree. The record closing high is 2,228.96, set on May 2, 2011.
Retail and institutional investors net sold shares worth 130.5 billion won and 45.1 billion won, respectively, but offshore investors net purchased 134.1 billion won worth of shares as they have upped investment in emerging markets and raised expectations for local firms to deliver higher earnings.
Local real estate pirces also have continued upward momentum on bright prospects for economic recovery, resetting all-time high record of apartment prices in Seoul every week. Out of 25 districts in Seoul, 19 districts including Gangnam and Seocho have re-written highest-ever sale price. According to Seoul-based online real estate information provider r114.com, the price of one apartment unit in Seoul averages at a record high of 19.37 million won ($17,126) per 3.3 square meters as of April 21.
The price of an apartment unit in Seoul that had headed down to 16.22 million won per 3.3 square meters in 2013 in the aftermath of the 2007-2008 global financial crisis started to turn upward in 2014 and shot up to 19.16 million won per 3.3 square meters in 2016.
By Han Ye-kyung and Kim Gi-jung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]