Apartment Move-ins Nationwide Down 26% from April to June... About 10,000 Units Move in Seoul

▲ Status of nationwide apartments scheduled for occupancy from April to June 2020 (Provided by the Ministry of Land, Infrastructure and Transport)

[Asia Economy Reporter Lee Chun-hee] The number of apartments scheduled for occupancy nationwide over the next three months is expected to decrease by 26% compared to previous years. However, in Seoul, about 10,000 households, approximately 40% more than average, are expected to move in.

The Ministry of Land, Infrastructure and Transport announced on the 25th that the number of apartments scheduled for occupancy in Seoul from April to June this year is 9,852 units. Nationwide, the number of apartments scheduled for occupancy is 67,383 units, which is 26.0% less than the five-year average of 91,000 units.

In Seoul, next month, occupancy is planned for 757 units at 'Sinbanpo Central Xi' in Jamwon-dong, Seocho-gu, and 499 units at 'Lotte Castle New Stay' in Mullae-dong 6-ga, Yeongdeungpo-gu. In May, 2,569 units at 'ePyeonhansesang Castle 2nd Phase' near Nokbeon Station in Eunpyeong-gu's Eungam-dong, along with 802 units at 'Central I-Park' in Dangsan-dong 5-ga, Yeongdeungpo-gu, will be ready for move-in.

In June, which has the highest number of scheduled apartment move-ins in Seoul during the three months, a total of 4,465 units will welcome residents for the first time, including 1,199 units at 'ePyeonhansesang Songpa Park Central' in Geoyeo-dong, Songpa-gu, 1,192 units at 'DMC Lotte Castle The First' in Susaek-dong, Eunpyeong-gu, and 1,244 units of long-term rental and public rental housing at 'Godeok Gangil District Complex 6' in Gangil-dong, Gangdong-gu.

Outside Seoul in the metropolitan area, next month, 1,571 units at 'Gwacheon Prugio Summit' in Jungang-dong, Gwacheon-si, Gyeonggi Province, will welcome residents. Thanks to post-sale supply, occupancy begins just nine months after supply in July last year. In May, 'Central Prugio' with 2,003 units in Daeya-dong, Siheung-si, is scheduled for occupancy.

Excluding Seoul, the metropolitan area also has the highest number of scheduled move-ins in June with a total of 7,782 units. This includes 2,038 units at 'ePyeonhansesang Okjeong Metroforet' in Yangju-si, Gyeonggi Province, 1,008 units at 'Pyeongnae Hopyeong Station Daemyung Lucen River Park' in Namyangju-si, and 1,530 units at 'Hoban Verdiem Edu City' in Yeonsu-gu, Incheon.

Regarding the size of housing supplied in Seoul, 5,260 units are 60㎡ (exclusive area) or less, 3,858 units are between 60 and 85㎡, and 734 units exceed 85㎡, with small and medium-sized units under 85㎡ accounting for 92.5% of the total 9,852 units. Nationwide, small and medium-sized units account for 91.7% (61,781 units) of the 67,383 units.

This content was produced with the assistance of AI translation services.