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

The report covers South Korea Top Residential Real Estate Companies and the market is segmented by Type (Apartments and Condominiums and Landed Houses and Villas) and Geography (Seoul and Other Locations). The market size and forecasts are provided in terms of value (USD) for all the above segments.

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

South Korea Residential Real Estate Market Size

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South Korea Residential Real Estate Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 390.31 Billion
Market Size (2030) USD 721.34 Billion
CAGR (2025 - 2030) 13.07 %
Market Concentration Low

Major Players

South Korea Residential Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South Korea Residential Real Estate Market with other markets in Real Estate and Construction Industry

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South Korea Residential Real Estate Market Analysis

The South Korea Residential Real Estate Market size is estimated at USD 390.31 billion in 2025, and is expected to reach USD 721.34 billion by 2030, at a CAGR of 13.07% during the forecast period (2025-2030).

The increasing housing demand drives the market. Furthermore, the market is driven by the increasing construction of apartments in the country due to land scarcity.

  • The COVID-19 pandemic brought a huge difference in the residential real estate market in South Korea. The number of private apartments sold in Seoul from January 2021 to July 2021 was 1,895 units, a decrease of 86% from the same period last year (13,782 units), while in the metropolitan area, 40,876 households were sold during the same period.
  • In January 2021, South Korea's finance ministry prioritized increasing housing supply, with construction regulations in heavily crowded urban areas relaxed and redevelopment projects supported to stabilize and drive the housing market. Further, the government announced its plan to develop 830,000 housing units nationwide, including 320,000 units in Seoul, in two years. In Asia, South Korea has developed its green building certification system, the Green Standard for Energy and Environmental Design (G-SEED), which assesses the eco-friendliness of buildings by evaluating eight environmental areas.
  • High-rise apartments, detached homes, and row houses are Korea's primary housing types. In South Korea, apartments are the most prevalent type of housing. These flats are frequently located in residential high-rise structures with five to twenty levels. The most popular form of housing for South Koreans is an apartment since the neighbourhood is readily constructed around the apartment complex. An apartment complex often houses hundreds to thousands of households with retail stores, recreation areas, and childcare facilities. Nevertheless, detached homes are becoming more popular as it has become more fashionable to live outside cities.

South Korea Residential Real Estate Industry Overview

The South Korea Residential Real Estate Market is fragmented, with many regional and local players and a few global companies. Public services mostly dominate the housing or residential development in South Korea. Government agencies, such as the Korea National Housing Corporation and the Korea Land Development Corporation, primarily undertake housing developments in Korea. Dongbu Corporation, Hines, Shinyoung (Greensys), Korea Land and Housing Corporation, Booyoung Group, and HDC Hyundai Development are prominent players in the market. Growing residential and affordable house construction in the country generates several opportunities for companies in the industry.

South Korea Residential Real Estate Market Leaders

  1. Hyosung Corporation.

  2. Dongbu Corporation.

  3. Daelim Corporation

  4. Booyoung Group

  5. Korea Land and Housing Corporation.

  6. *Disclaimer: Major Players sorted in no particular order
South Korea Residential Real Estate Market Concentration
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South Korea Residential Real Estate Market News

  • January 2023: International architecture office KPF has unveiled the design for Parkside Seoul, a new mixed-use neighborhood planned for the South Korean capital to complement the surrounding natural elements and pay homage to Yongsan Park. The 482,600 square meter development is composed of a layered exterior envelope encompassing various programs and public amenities to enhance the residents’ experience of space. Besides the residential units, the complex includes office and retail spaces, hospitality facilities, and public and green spaces.
  • April 2023: Korea’s GS E&C has launched its premium modular housing division, XiGEIST. GS E&C is a global entity that spans civil engineering, building, oil & gas, power plants, and renewable energy. They already own a high-end apartment brand, Xi, and they’re not new to the modular housing market, with acquisitions of some significant modular home companies in Poland, Britain, and the USA in recent years. Their modular homes will be manufactured at the company’s recently opened automated panelised prefabrication plant in South Korea, where they hope to achieve a 30% reduction in construction time, with a delivery timeline of eight weeks.

South Korea Residential Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview (Current Scenario of South Korea’s Economy and the Residential Real Estate Market)
  • 4.2 Insights into the Interest Rate Regime for General Economy and Real Estate Lending
  • 4.3 Demographic Analysis of South Korea
  • 4.4 Data and Commentary on Key Residential Real Estate Parameters
  • 4.5 Insights into Real Estate Purchasers
  • 4.6 Spotlight on Real Estate Contract Types
  • 4.7 Spotlight on the Trends in the South Korean Residential Real Estate Market
  • 4.8 Insights into the Primary and Secondary Markets in South Korea
  • 4.9 Spotlight on Affordable Housing Supply in South Korea
  • 4.10 Technological Innovations in South Korea’s Residential Real Estate Market
  • 4.11 Insights into Environment Friendliness in the South Korea Construction Market
  • 4.12 Government Policies and Initiatives
  • 4.13 Insights into Rental Yields and Prices in the Real Estate Segment
  • 4.14 Insights into Unit Based Metrics
  • 4.15 Insights into Return Metrics for Transactions of the Residential Real Estate Market in South Korea
  • 4.16 Impact of the COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Drivers
    • 5.1.1 Government's Plans to Supply New Homes
  • 5.2 Restraints
    • 5.2.1 Rising Interest Rates
  • 5.3 Opportunities
    • 5.3.1 Unmet Housing Demand for Foreigners
  • 5.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 5.4.1 Bargaining Power of Suppliers
    • 5.4.2 Bargaining Power of Buyers/Consumers
    • 5.4.3 Threat of New Entrants
    • 5.4.4 Threat of Substitute Products
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Apartments and Condominiums
    • 6.1.2 Landed Houses and Villas
  • 6.2 By Geography
    • 6.2.1 Seoul
    • 6.2.2 Other Locations

7. COMPETITIVE LANDSCAPE

  • 7.1 Overview (Market Concentration and Major Players)
  • 7.2 Company Profiles (Key and Upcoming Players in the Residential Real Estate Market in South Korea)
    • 7.2.1 Hyosung Corporation
    • 7.2.2 Dongbu Corporation
    • 7.2.3 Daelim Corporation
    • 7.2.4 Booyoung Group
    • 7.2.5 Korea Land and Housing Corporation
    • 7.2.6 ShinYoung Greensys
    • 7.2.7 Hyundai Development Company
    • 7.2.8 Hines
    • 7.2.9 Knight Frank
    • 7.2.10 Cushman And Wakefield*
  • 7.3 Competition Overview in Other Real Estate Services and Allied Segments (Brokers, Property Managers, and Facility Managers such as CBRE Korea, Savills Korea, Cushman and Wakefield Korea, KOREIT, JLL Korea, Hines Korea, Golden Planners Korea, Chestertons South Korea, Taekwang, and Libeto)
  • 7.4 Company Profiles in Real Estate Tech (Real Estate Tech Startups Across Various Disciplines such as Zigbang, Fast Five, Neighborhood, nemoapp, Sugarhill, Hogaeng Nono, r.square, Disco, Mangrove, and Stayes)

8. FUTURE OF THE MARKET

9. INVESTMENT ANALYSIS

10. APPENDIX

  • 10.1 Macroeconomic Indicators (GDP Breakdown by Sector, the Contribution of Construction to the Economy, etc.)
  • 10.2 Other Relevant Data (Most Expensive Apartments in South Korea Based on Actual Transaction Value, Most Expensive Areas in Seoul, etc.)
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South Korea Residential Real Estate Industry Segmentation

Residential real estate includes both new construction and resale homes. Residential real estate is an area developed for people to live in and cannot be used for commercial or industrial purposes. A complete background analysis of the South Korea Residential Real Estate Market, including the assessment of the economy and contribution of sectors in the economy, a market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact, is covered in the report.

The South Korean residential real estate market is segmented by type (apartments, condominiums, landed houses, and villas) and geography (Seoul and Other Locations). The report offers market sizes and forecasts in value (USD) for all the above segments.

By Type Apartments and Condominiums
Landed Houses and Villas
By Geography Seoul
Other Locations
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South Korea Residential Real Estate Market Research FAQs

How big is the South Korea Residential Real Estate Market?

The South Korea Residential Real Estate Market size is expected to reach USD 390.31 billion in 2025 and grow at a CAGR of 13.07% to reach USD 721.34 billion by 2030.

What is the current South Korea Residential Real Estate Market size?

In 2025, the South Korea Residential Real Estate Market size is expected to reach USD 390.31 billion.

Who are the key players in South Korea Residential Real Estate Market?

Hyosung Corporation., Dongbu Corporation., Daelim Corporation, Booyoung Group and Korea Land and Housing Corporation. are the major companies operating in the South Korea Residential Real Estate Market.

What years does this South Korea Residential Real Estate Market cover, and what was the market size in 2024?

In 2024, the South Korea Residential Real Estate Market size was estimated at USD 339.30 billion. The report covers the South Korea Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Residential Real Estate in South Korea Industry Report

Statistics for the 2025 South Korea Residential Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Residential Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.