Price per Pyeong
Price per pyeong from total price.
Total sale or pre-sale price.
Price per pyeong
0KRW/pyeong
Price per pyeong = total price ÷ area in pyeong. 1 pyeong = 3.305785 ㎡.
What is price per pyeong?
Price per pyeong (KRW/pyeong) is the total price divided by the area in pyeong. It lets you compare listings of different sizes on the same basis, so it is widely used in Korean real estate. The price per ㎡ is shown alongside for the legal unit.
How it's calculated
Price per pyeong = total price ÷ area in pyeong
Price per ㎡ = total price ÷ area in ㎡
Enter area in ㎡ (pyeong = ㎡ × 0.3025) or in pyeong (㎡ = pyeong × 3.305785).
Exclusive vs. supply area
Prices quoted "per pyeong" in ads usually use the supply area, which looks lower than the exclusive-area price per pyeong. Check the exclusive-area figure for real usable value, and compare listings on the same area basis.
Why is an 84 m² unit called "34-pyeong"? — supply-area convention and balconies
An apartment with 84 m² of exclusive area — the common "national size" — is often marketed as "34-pyeong", even though 84 m² converts to only about 25.4 pyeong on an exclusive-area basis. The "34" comes from converting the supply area (roughly 108-114 m², including hallways, stairs, elevators) to pyeong instead. This is a market convention, not an official label, and the exact supply area — and thus the marketed pyeong number — can vary by complex and design even for the same 84 m² exclusive area.
Balconies are technically classified as "service area" under building law and are excluded from both exclusive and supply area figures. In practice, though, most units extend the balcony into living space, so the stated area alone doesn't fully capture the felt size of a home.
To get a real sense of usable space, check the floor plan for balcony extensions and column/wall placement, and visit the unit in person when possible. Use this calculator's price per pyeong as a reference for comparing listings on the same basis, but make final decisions after reviewing plans and visiting in person.
Why supply area, exclusive area and contract area differ
The same flat is called both 32 pyeong and 84 square metres. Both are right, but they refer to different areas: pyeong usually means supply area, while the square-metre figure is normally the exclusive area.
Three kinds of area
- Exclusive area is everything inside the front door — rooms, living space, kitchen and bathroom. It is the figure on the register and the basis for property and acquisition tax.
- Supply area adds a share of residential common space: stairs, corridors and lifts. Advertised pyeong figures usually refer to this.
- Contract area adds other common facilities such as the management office, community rooms and underground parking, giving the largest number.
Why the exclusive ratio matters
The exclusive ratio is exclusive area over supply area. At the same supply area, a higher ratio means more usable space — typically the mid-to-high 70s for flats, and often around 50% for officetels.
That gap explains why an officetel advertised at a familiar pyeong figure feels much smaller, and the difference widens where contract area is quoted.
Balconies are a further variable: counted as service area rather than exclusive area, they add usable space when enclosed, so two identical 84㎡ units can feel quite different.
Labelling rules in practice
Official documents use square metres, the statutory unit — sale notices, registers, building ledgers and listings all use it, with pyeong appearing only as a customary addition.
Comparing listings by exclusive area in square metres is therefore safer than by pyeong. Getting used to common figures such as 84㎡ and 59㎡ makes advertising copy easier to read.
Tax follows exclusive area too: the rural special tax on acquisition turns on whether it exceeds 85㎡, and judging that by supply area throws the estimate off. The same threshold recurs across housing policy.
Legal basis
- Area definitions — Housing Act Enforcement Rule art. 2
- Square metre as statutory unit — Measurement Act art. 5
- National housing size, 85㎡ exclusive — Housing Act art. 2(6)
- Area threshold for rural special tax — Rural Special Tax Act Enforcement Decree art. 4