Table 5 Land price levels in Gangnam-gu and Jangseong-gun

Land use Land useZone Number of lots Mean (KRW) S.D. (KRW) Minimum (KRW) Maximum (KRW) Median (KRW)
Gangnam-gu Residential area Residential 11,475 8,124,529 2,734,437 2,149,500 23,430,400 7,823,475
Commercial 8,169 17,501,142 8,684,070 3,267,628 59,625,000 15,763,500
Forest land 132 1,008,437 689,095 659,753 5,292,560 763,350
Agricultural 14 2,491,021 357,956 1,704,795 2,980,496 2,625,024
Jangseong-gun Residential area Residential 9,342 148,138 85,532 17,979 756,694 128,408
Commercial 137 420,980 309,238 77,249 2,741,024 388,192
Forest land 242 34,522 13,738 2,899 55,604 40,142
Agricultural 984 60,256 32,795 13,067 214,118 58,176
Agricultural & forest area Residential 717 26,524 12,332 6,750 84,739 22,671
Commercial 14 48,828 54,599 31,077 237,538 31,802
Forest land 8,688 2,454 1,711 356 16,947 2,155
Agricultural 26,456 15,835 4,870 2,147 60,830 15,271