The rapidly spreading fear for financial crisis plunged Seoul ’ s apartment prices by the largest degree in 1 year and 4 months . Transfer income tax levied on high priced houses may have been eased but the potential buyers are not making their moves due to the unstable economy . According to realty informant Real Estate 114 ’ s investigation on Friday , housing prices in Seoul this week dropped 0 . 08 percent against the previous week , recording the largest fall since May last year ( - 0 . 08 percent ) . Housing prices in 16 Seoul districts , including Gangdong ( - 0 . 26 percent ) , Songpa ( - 0 . 19 percent ) , Gangnam ( - 0 . 17 percent ) and Yangcheon ( - 0 . 1 percent ) plummeted , while prices in Jung ( 0 . 04 percent ) , Eunpyeong ( 0 . 01 percent ) and Gwanak ( 0 . 01 percent ) slight rose . Apartment prices in new towns downed 0 . 04 percent , except for Pyeongchon which maintained its pricing level . Bundang suffered the largest price drop at - 0 . 06 percent , followed by Jungdong ( - 0 . 04 percent ) , Ilsan ( - 0 . 03 percent ) and Sanbon ( - 0 . 01 percent ) . [ Dong - eun Lee / JYJ ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]