# South Korea's Olympic Park Foreon Lease Expirations Spike

> 1,056 lease contracts for South Korea's Olympic Park Foreon expire next month, driving jeonse deposits up $420,000.
- Title: South Korea's Olympic Park Foreon Lease Expirations Spike
- Summary: 1,056 lease contracts for South Korea's Olympic Park Foreon expire next month, driving jeonse deposits up $420,000.
- Keywords: south korea, olympic park foreon, jeonse deposits, lease expirations, mandatory residence requirement, price capped apartments, seoul gangdong district, housing act, real estate market, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/0f58f1ba-41ff-47b5-a734-21eba6c535d9
- Author: BigGo Finance
- Published: 2026-11-10T05:25:52+00:00
- Read time: 1 min
- Topics: south korea, olympic park foreon, jeonse deposits, lease expirations, mandatory residence requirement, price capped apartments, seoul gangdong district, housing act, real estate market, finance, markets
## Lease Expirations
1,056 lease contracts for South Korea's Olympic Park Foreon expire between next month and March 2025.
## Deposit Surge
Jeonse deposits for 84-square-meter units jumped 500 million won from 1.1 billion won to 1.65 billion won.
## Mandatory Residence
Three-year mandatory residence requirement for price-capped apartments ends in November 2027.
## Market Impact
Jeonse prices in Gangdong, Songpa, and Hanam districts rose 7.27% from January to September.
## Adjacent Areas
Tenants in Gangdong face elevated prices even if relocating to Songpa or Hanam.
## Complexes in Line
e-Pyeonhansesang Godeok Urban Bridge and The Sharp Hanam Edifice face similar expirations next year.
## Market Outlook
Jeonse shortages expected to persist until 2028 as landlords re-enter rental market.
## Price Trends
84-square-meter units saw jeonse prices rise from 800-900 million won to 1.65 billion won.
## Sales Decline
Sales prices for 84-square-meter units fell from 3.3 billion won to 2.7 billion won.
## Market Expert
Real estate expert warns of widespread tenant migration and price pressure.
## Key takeaway

South Korea's Olympic Park Foreon faces 1,056 lease expirations by March 2025, causing jeonse deposits to surge by 500 million won.