Daegu Reports Zero New COVID-19 Cases for the First Time in 52 Days... Will Housing Subscription Also Rebound?

▲ Daegu Suseong-gu Beomeo-dong 'Ssangyong The Platinum Beomeo' bird's-eye view (Provided by Ssangyong Construction)

[Asia Economy Reporter Chunhee Lee] In Daegu, which recorded zero confirmed COVID-19 cases for the first time in 52 days, the housing sales market has also begun to revive.

According to Daegu City on the 12th, there were zero new confirmed cases of COVID-19 in Daegu on the 10th. Although seven additional cases were reported the following day, it is evaluated that the spread of COVID-19 in Daegu has somewhat slowed down, as zero cases were recorded for the first time in 52 days since the 31st confirmed case.

Along with the spread of COVID-19, the real estate market in Daegu also faced a downturn. According to the Korea Real Estate Board, as of the 6th, apartment prices in Daegu fell by 0.04% compared to the previous week. Since returning to a downward trend on the 2nd of last month due to the impact of COVID-19, prices have been declining for six consecutive weeks.

On the other hand, the subscription market remains hot. Most of the five complexes offered for sale in Daegu from January to March this year saw high competition rates and successfully completed subscriptions. Last month, the Jung-gu district complexes 'Cheongra Hills Xi' and 'Banwoldang Station Seohan Forest' recorded triple-digit competition rates of 141:1 and 119:1, respectively.

Industry insiders cite supply shortages as a key factor behind the popularity of Daegu's housing sales market. In January, the transfer of the subscription system caused a one-month suspension of sales, followed by continuous delays due to the COVID-19 situation. As a result, supply volumes decreased, leading to concentrated demand.

Despite this, the operation of cyber model houses helped increase buyers' understanding, and with apartment products becoming more standardized recently, the tendency to decide purchases based solely on location and sale price without visiting physical model houses is also considered a contributing factor.

According to Real Estate 114, as of the 12th, a total of 15 complexes with 10,033 households have been or are scheduled to be offered for sale in Daegu Metropolitan City in the second quarter of this year (April to June). This is a 43.76% increase compared to the same period last year (6,979 households). By district, the numbers are ▲Suseong-gu 2,382 households ▲Jung-gu 2,344 households ▲Seo-gu 1,678 households ▲Buk-gu 1,237 households ▲Dong-gu 874 households ▲Dalseong-gun 869 households ▲Dalseo-gu 649 households.

Starting from the 13th, Ssangyong Construction will begin subscriptions for the residential complex 'Ssangyong The Platinum Beomeo' in Beomeo-dong, Suseong-gu. The complex consists of three buildings from basement level 5 to ground level 39, with a total of 292 units including 207 apartments and 85 officetels. All apartments have an exclusive area of 84㎡, and the sale price ranges from 579.2 million to 688.2 million KRW at the highest price level.

In Jung-gu, Hyundai Construction is offering 'Hillstate Dongin Central' for sale. The complex consists of three buildings from basement level 4 to a maximum of 49 floors, with a total of 500 units including 410 apartments ranging from 84 to 177㎡ and 90 officetels with an exclusive area of 84㎡. It is located near Daegu Station and within walking distance of Chilseong Market Station on Daegu Metro Line 1. Hyundai Construction will also offer 'Hillstate Daegu Station Opera' in Buk-gu later this month. The complex consists of 1,207 units including 937 apartments ranging from 59 to 101㎡ and 270 officetels with exclusive areas of 63 to 67㎡.

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