Get all the data you need about the real estate market in Jeju Island
This blog post covers residential buildable land prices across Jeju Island in 2026, and we update it regularly so the data stays current.
Whether you are looking at Jeju City or the quieter eastern towns, prices vary a lot depending on location, terrain, and infrastructure.
Below you will find a full neighborhood breakdown, a summary table, and the key numbers you need to get oriented quickly.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Jeju Island.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive neighborhood for land in Jeju Island | Yeon-dong (Jeju City Center) |
| Most affordable neighborhood for land in Jeju Island | Seongsan-eup |
| Average price per square meter across all Jeju neighborhoods | KRW 1,854,000 |
| Median plot price across Jeju Island | KRW 600,000,000 |
| Lowest realistic starting budget for a Jeju Island land purchase | KRW 180,000,000 |
| Most expensive plot size category in Jeju | Large plots (800 to 1,200 sqm) |
| Most affordable plot size category in Jeju | Small plots (200 to 300 sqm) |
| Average price for a small plot in Jeju Island | KRW 510,000,000 |
| Average price for a medium plot in Jeju Island | KRW 990,000,000 |
| Average price for a large plot in Jeju Island | KRW 1,979,000,000 |
| Price gap between the most and least expensive Jeju neighborhood | KRW 2,600,000 per sqm (Yeon-dong vs Seongsan-eup) |
| Price dispersion across Jeju Island neighborhoods | KRW 900,000 to KRW 3,500,000 per sqm |
Thinking of buying real estate in Jeju Island?
Acquiring property in a different country is a complex task. Don't fall into common traps – grab our guide and make better decisions.
Neighborhoods in the 2026 Jeju Island land market ranked by land purchase price
This table ranks the main neighborhoods in Jeju Island by land purchase price in 2026, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median plot price, the starting budget, the average price for a small plot, a medium plot, and a large plot, the typical land use, the key advantages, the key drawbacks, and the market segment.
Finally, please note you will find much more detailed data in our real estate pack about Jeju Island.
| Rank | Neighborhood | Average Price per Square Meter | Median Plot Price | Starting Budget | Average Price for a Small Plot | Average Price for a Medium Plot | Average Price for a Large Plot | Typical Land Use | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Yeon-dong (Jeju City Center) | KRW 3,500,000 | KRW 1,200,000,000 | KRW 700,000,000 | KRW 900,000,000 | KRW 1,800,000,000 | KRW 3,500,000,000 | Spec development resale | Prime central location in Jeju City, excellent road access, utilities fully installed, and high resale demand from both local and investor buyers | Very limited land supply, strict zoning rules, high competition at every price point, and the most expensive entry ticket on the island | Prime Land |
| 2 | Nohyeong-dong | KRW 3,200,000 | KRW 1,100,000,000 | KRW 650,000,000 | KRW 850,000,000 | KRW 1,700,000,000 | KRW 3,200,000,000 | Urban housing build | Strong infrastructure, proximity to schools and hospitals in Jeju City, flat terrain that keeps construction simple, and high market liquidity | High density regulations limit what you can build, plot sizes tend to be small, and rising prices are squeezing potential returns | Prime Land |
| 3 | Aewol-eup (coastal) | KRW 2,800,000 | KRW 950,000,000 | KRW 550,000,000 | KRW 750,000,000 | KRW 1,500,000,000 | KRW 2,800,000,000 | Luxury home build | Ocean views, strong tourism appeal, high villa demand from lifestyle buyers and investors, and good road connectivity along the northwest Jeju coast | Slope and terrain variation increases construction costs, and some plots face zoning restrictions tied to coastal proximity | High-Value Land |
| 4 | Seogwipo City Center | KRW 2,400,000 | KRW 800,000,000 | KRW 450,000,000 | KRW 650,000,000 | KRW 1,200,000,000 | KRW 2,400,000,000 | Residential housing build | Established infrastructure in the south of Jeju Island, lower prices than Jeju City for comparable amenities, and good access to utilities | Lower buyer demand than northern Jeju, a slower resale market, and fewer premium plots coming to market | High-Value Land |
| 5 | Jungmun Tourist Complex Area | KRW 2,200,000 | KRW 750,000,000 | KRW 400,000,000 | KRW 600,000,000 | KRW 1,100,000,000 | KRW 2,200,000,000 | Tourism villa development | Strong tourism demand in a well-known Jeju destination, premium branding appeal, good road access, and high short-term rental potential | Strict development rules within the tourist complex zone, higher overall build costs, and very limited land availability | High-Value Land |
| 6 | Jocheon-eup | KRW 1,900,000 | KRW 650,000,000 | KRW 350,000,000 | KRW 520,000,000 | KRW 950,000,000 | KRW 1,900,000,000 | Custom home construction | Close to Jeju City with a quieter feel, improving infrastructure in the northeast corridor, and scenic natural surroundings | Mixed terrain quality across plots, some infrastructure gaps away from the main road, and demand can vary month to month | Mid-Range Land |
| 7 | Hallim-eup | KRW 1,600,000 | KRW 550,000,000 | KRW 300,000,000 | KRW 450,000,000 | KRW 800,000,000 | KRW 1,600,000,000 | Residential housing build | Coastal access on the west side of Jeju Island, lower entry price than the city areas, growing development interest, and larger plots available | Distance from Jeju City center, limited public transport options, and land price appreciation has been slower than northern areas | Mid-Range Land |
| 8 | Pyoseon-myeon | KRW 1,400,000 | KRW 500,000,000 | KRW 280,000,000 | KRW 400,000,000 | KRW 700,000,000 | KRW 1,400,000,000 | Retirement home project | Quiet residential area in eastern Jeju, flat land that is easy to build on, lower density zoning, and a peaceful rural environment | Limited infrastructure compared to Jeju City, far from the main economic hubs, and lower market liquidity for resale | Mid-Range Land |
| 9 | Andeok-myeon | KRW 1,300,000 | KRW 450,000,000 | KRW 250,000,000 | KRW 380,000,000 | KRW 650,000,000 | KRW 1,300,000,000 | Long-term investment hold | Located near the Jungmun area with growing buyer interest, relatively affordable entry prices, and good upside if development spreads southward | Zoning can be complex in parts of the area, terrain is uneven in places, and infrastructure is still catching up | Affordable Land |
| 10 | Gujwa-eup | KRW 1,100,000 | KRW 400,000,000 | KRW 220,000,000 | KRW 320,000,000 | KRW 550,000,000 | KRW 1,100,000,000 | Custom home build | Large plot availability in the northeast of Jeju Island, lower prices than any urban area, coastal charm, and rising popularity among local buyers | Remote location with fewer local services, slower transaction volumes, and buyers need patience for resale | Affordable Land |
| 11 | Daejeong-eup | KRW 950,000 | KRW 350,000,000 | KRW 200,000,000 | KRW 280,000,000 | KRW 480,000,000 | KRW 950,000,000 | Residential housing build | Affordable land in the southwest of Jeju, larger plot sizes compared to city areas, stable local demand, and good agricultural conversion zones nearby | Distance from the main economic centers of Jeju Island, and infrastructure upgrades are limited in scope for now | Entry-Level Land |
| 12 | Seongsan-eup | KRW 900,000 | KRW 320,000,000 | KRW 180,000,000 | KRW 260,000,000 | KRW 450,000,000 | KRW 900,000,000 | Long-term investment hold | Lowest entry price on the Jeju Island land market, proximity to Seongsan Ilchulbong tourism area, scenic views, and long-term development potential | Infrastructure gaps remain, strict coastal regulations apply to some plots, and resale liquidity is the slowest on the island | Entry-Level Land |
Get fresh and reliable information about the market in Jeju Island
Don't base significant investment decisions on outdated data. Get updated and accurate information.
Key insights about land purchase prices in Jeju Island
Insights
- Land in central Jeju City (Yeon-dong) costs over 3.8 times more per square meter than in Seongsan-eup in the east, meaning location alone can multiply your budget by nearly four times for the same size plot in Jeju Island in 2026.
- The Aewol-eup coastal area combines lifestyle appeal and investor demand in a way few Jeju neighborhoods do, which is why it sits at KRW 2,800,000 per sqm despite being outside the city center entirely.
- Jeju Island's entry-level market starts at around KRW 180,000,000 in Seongsan-eup, but that budget buys you a small plot in a remote area with limited infrastructure, not a ready-to-build urban parcel.
- Medium plots of around 400 to 600 sqm represent the most common purchase size across Jeju Island, and their prices range from KRW 450,000,000 in Seongsan-eup to KRW 1,800,000,000 in Yeon-dong, a fourfold difference within the same plot category.
- Southern Jeju (Seogwipo and surrounding areas) consistently offers better value per square meter than northern Jeju, yet resale cycles are noticeably slower, which matters a lot if you are not planning to hold long-term.
- Flat terrain areas like Pyoseon-myeon offer a real practical advantage over coastal hillside plots: lower construction costs, which means your total build budget stretches further even if land prices look similar on paper.
- The Jungmun Tourist Complex area is priced more like an investment vehicle than a standard residential zone, with prices driven by short-term rental potential and tourism branding rather than local housing demand.
- Large plots (800 to 1,200 sqm) are disproportionately available in the cheaper rural areas of Jeju, meaning buyers who need space but have a tighter budget are actually better served in the east and southwest than in Jeju City.
- Infrastructure access is the single strongest predictor of land price across all 12 Jeju Island neighborhoods analyzed, more so than coastal proximity or scenic views in isolation.
- Affordable Jeju areas like Gujwa-eup and Daejeong-eup show the highest theoretical upside but also the most uncertainty, since their value growth depends almost entirely on future public investment in roads and services.
- Urban land scarcity in Jeju City is accelerating in 2026, and with zoning restrictions keeping supply tight in Yeon-dong and Nohyeong-dong, prices in those neighborhoods are likely to stay under upward pressure.
Get to know the market before buying a property in Jeju Island
Better information leads to better decisions. Get all the data you need before investing a large amount of money.
About our methodology
Understanding how we arrived at these Jeju Island land price estimates matters, and we want to be fully transparent about that process.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Jeju Island.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data on Jeju Island residential land prices, we applied a strict source filter. We only used authoritative, verifiable sources specific to the Korean real estate market, not random listings or unsupported figures. More on that point below.
For each Jeju neighborhood, we aggregated the freshest land purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median plot price for each neighborhood across Jeju Island.
We also calculated the starting budget, which represents the lowest realistic entry point to buy a residential buildable plot of land in that Jeju neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard land purchase.
For each plot size category, we estimated an average purchase price based on Jeju Island market conventions. The typical size range for a small, medium, and large plot can vary across neighborhoods, so we adapted our estimates accordingly.
These estimates were not applied as one flat number across the island. They were adjusted by neighborhood and plot size to better reflect local Jeju land market conditions and price levels.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Jeju Island.
What sources have we used to write this blog article?
Whether it is in our blog articles or the market analyses included in our real estate pack about Jeju Island, we rely on verifiable sources and a transparent methodology.
We also aim to be fully transparent, so below we have listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it is authoritative | How we used it |
|---|---|---|
| Korea Real Estate Board (REB) | The official national body responsible for real estate statistics in South Korea. | We used REB land price indices to benchmark overall price levels across Jeju Island. We cross-checked regional variations between Jeju City, Seogwipo, and the rural townships. |
| Ministry of Land, Infrastructure and Transport (MOLIT) | The government authority that oversees all land policy and transaction data in South Korea. | We used MOLIT transaction datasets to identify median land prices and track price trends across Jeju Island neighborhoods. We also validated zoning classifications to confirm which areas qualify as residential buildable land. |
| Jeju Provincial Government | The local authority with direct access to Jeju-specific land use, zoning, and development planning data. | We used local zoning and development data to confirm buildable land availability across each Jeju neighborhood. We refined neighborhood-level price estimates using local planning documents and permitted use categories. |
| Korea Appraisal Board (KAB) | The professional body that produces official land valuation benchmarks used across the Korean real estate industry. | We used KAB valuation ranges to estimate price per square meter for each Jeju Island neighborhood. We triangulated those valuations with actual transaction data to confirm price accuracy. |
| KB Real Estate Data Hub | One of Korea's largest real estate data platforms, widely used by professionals and institutions. | We used KB data to cross-check median land transaction prices across Jeju Island. We validated the price spread between the most and least expensive neighborhoods to confirm our estimates were consistent. |
| Naver Real Estate Listings | The largest real estate listing platform in South Korea, reflecting active market asking prices in real time. | We used Naver listings to estimate current asking prices for residential land plots across Jeju Island neighborhoods. We compared listing prices with transaction data to identify any gaps between asking and sale prices. |
| Korea Statistical Information Service (KOSIS) | The official national statistics platform for South Korea, covering demographics, housing, and economic data. | We used KOSIS demographic and development data to understand demand drivers behind Jeju Island land prices. We cross-referenced population distribution and migration trends with neighborhood price levels. |
| Maeil Business News (MK) | A major Korean financial newspaper that regularly reports on real estate market data citing primary official datasets. | We used MK articles that referenced official land data releases to track recent transaction trends across Jeju Island. We used these reports as a secondary check against our primary data sources. |
Get the full checklist for your due diligence in Jeju Island
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
