[Spring Sale Blossoms] Spring Shrinks from COVID-19, Opens a Flower Path Overcoming Adversity
Despite concerns over the novel coronavirus infection (COVID-19) weighing heavily on our economy, the spring housing market is blooming. Although there are limitations in introducing complexes through 'cyber model houses' instead of physical visits to minimize face-to-face contact, the subscription fever among homebuyers has been intense since early spring. Applicants are flocking to newly launched complexes in prime locations not only in Seoul and the metropolitan area but also in provincial regions.
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This month's supply volume has significantly decreased compared to the plan due to administrative delays, but most complexes are recording high subscription rates, continuing the trend of closing first-priority subscriptions. As the sales season fully kicks off, the subscription fever among buyers is expected to heat up even more. In particular, 60,976 new units are scheduled to be launched in April alone, broadening the choices for buyers. The April supply volume is nearly three times that of March. The spring housing market, blooming despite COVID-19, introduces complexes that prospective subscribers should pay attention to.
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