Gangnam-gu 2026: A Complete Guide to Business Districts, Redevelopment, Festivals, and Real Estate Taxes
\n Is Gangnam-gu Really a City That Never Stops Rising? There’s a widespread belief that Gangnam apartments only ever go up. But the market has been looking a little different lately. In the high-end apartment market across Seoul’s three Gangnam districts, some transactions have closed at lower prices and prices have begun to adjust. Apartment prices in Gangnam-gu, too, have shown short-term weakness. And yet, around the same time, a studio-style apartment with an exclusive area of just 28 square meters set a new record high of KRW 1.15 billion . Larger homes are undergoing a correction, while smaller ones are setting new highs. That’s why Gangnam today can’t be explained simply as either “rising” or “falling.” The changes in Gangnam-gu are just as clear beyond property price charts. Alley shopping districts such as Narosu-gil and Darosu-gil in Sinsa-dong are receiving new support, while multipurpose cultural centers combining public services, culture, and welfa...