Apartment Move-ins Nationwide Increase 8% from June to August... 14,000 Units Move in Seoul

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

[Asia Economy Reporter Lee Chun-hee] The nationwide supply of apartments scheduled for move-in over the next three months is expected to increase by 8%. In Seoul, 14,000 households, a 65% increase compared to previous years, are set to move in.

On the 20th, the Ministry of Land, Infrastructure and Transport announced that the number of apartments scheduled for move-in in Seoul from June to August this year was counted at 14,018 units. Nationwide, the number of apartments scheduled for move-in is 106,682 units, which is 7.9% higher than the five-year average of 99,000 units.

In Seoul, a total of 4,465 households will welcome residents for the first time next month, including 1,244 units of long-term rental and public rental apartments in 'Godeok Gangil District 6 Complex' in Gangil-dong, Gangdong-gu; 1,199 units in 'ePyeonhansesang Songpa Park Central' in Geoyeo-dong, Songpa-gu; and 1,192 units in 'DMC Lotte Castle The First' in Susaek-dong, Eunpyeong-gu.

In July, when the largest number of households are scheduled to move in within the three months, a total of 5,431 units are expected to be occupied, including 1,505 units in 'Sagajeong Central I-Park' in Myeonmok-dong, Jungnang-gu; 1,042 units in 'Gaebong Station Centreville Reus' in Gaebong-dong, Guro-gu; and 1,025 units of long-term rental and public rental apartments in 'Godeok Gangil District 7 Complex' in Gangil-dong, Gangdong-gu.

Following that, 4,122 households are scheduled to move in August. By complex, these include 1,226 units in 'Hillstate Sinchon' in Bukahyeon-dong, Seodaemun-gu; 1,140 units in 'Yongsan Central Park Harrington Square' in Hangangno 3-ga, Yongsan-gu; 642 units in 'Godeok Gangil Public Housing District 4 Complex' in Gangil-dong, Gangdong-gu; and 472 units in 'Gongdeok SK Leaders View' in Gongdeok-dong, Mapo-gu.

Outside Seoul, in the metropolitan area, a total of 7,772 households are scheduled to move in next month, including 2,038 units in 'ePyeonhansesang Okjeong Metropole' in Yangju-si, Gyeonggi-do; 1,008 units in 'Pyeongnae Hopyeong Station Daemyung Lucein River Park' in Namyangju-si; and 898 units in 'Hosugongwon Hanshin The Hue' in Cheongna International City, Seo-gu, Incheon.

In the metropolitan area outside Seoul, July also has the highest move-in volume with 22,518 units scheduled. Large complexes such as 'Sanseong Station Forestia' with 4,089 units in Sujeong-gu, Seongnam-si, Gyeonggi-do; 'The Sharp Songdo Marina Bay' with 3,100 units in Songdo-dong, Yeonsu-gu, Incheon; and 'Paju Unjeong A26 Block I-Park' with 3,042 units in Paju-si, Gyeonggi-do are concentrated.

In August, complexes such as 'Songdo Landmark City Central The Sharp' with 2,230 units in Yeonsu-gu, Incheon; 'Uiwang Gocheon A-1 Happy Housing' with 2,200 units in Uiwang-si, Gyeonggi-do; 'Hillstate River City 2 Complex' with 1,942 units in Gimpo-si; and 'ePyeonhansesang Chudong Park 2nd Phase' with 1,773 units in Uijeongbu-si are also planned to welcome residents.

By housing size, in Seoul, 5,576 units are 60㎡ (exclusive area) or less, 6,892 units are between 60 and 85㎡, and 1,550 units exceed 85㎡, with small and medium-sized units under 85㎡ accounting for 88.9% of the total 14,018 units. Nationwide, small and medium-sized units account for 91.4% (97,511 units) of the total 106,682 units.

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