3rd Quarter Seoul Apartment Move-ins Up 27%... 110,000 Units Nationwide Move-in

2020 Q3 Nationwide Apartment Move-in Schedule (Provided by Ministry of Land, Infrastructure and Transport)

[Asia Economy Reporter Chunhee Lee] The nationwide supply of apartments scheduled for move-in over the next three months is expected to increase by 17% compared to the five-year average. In Seoul, 12,552 households, a 27% increase, are set to move in.

On the 25th, the Ministry of Land, Infrastructure and Transport announced that the number of apartments scheduled for move-in in Seoul during the third quarter (July to September) of this year was counted at 12,552 households. Nationwide, the number of apartments scheduled for move-in is 110,858 households, a 16.6% increase from the five-year average of 95,000 households.

In Seoul, the largest number of households are scheduled to move in next month. A total of 5,478 households are expected to move into complexes such as Sajeong Central I-Park (1,505 households) in Myeonmok-dong, Jungnang-gu, Gaebong Station Centreville Reus (1,089 households) in Gaebong-dong, Guro-gu, and Goduk Gangil 7th Complex long-term lease and public rental housing (1,025 households) in Gangil-dong, Gangdong-gu.

In August, 4,122 households will move in. By complex, these include Hillstate Sinchon (1,226 households) in Bukahyeon-dong, Seodaemun-gu, Yongsan Central Park Harrington Square (1,140 households) in Hangangno 3-ga, Yongsan-gu, Goduk Gangil Public Housing District 4th Complex (642 households) in Gangil-dong, Gangdong-gu, and Gongdeok SK Leaders View (472 households) in Gongdeok-dong, Mapo-gu.

In September, a total of 2,952 households will welcome their first residents, including Raemian Gangnam Forest (2,296 households) in Gaepo-dong, Gangnam-gu, and Goduk Central Prugio (656 households) in Goduk-dong, Gangdong-gu.

Outside Seoul, in the metropolitan area, a total of 21,136 households will move in next month, including Sanseong Station Forestia (4,089 households) in Sujeong-gu, Seongnam-si, Gyeonggi Province, The Sharp Songdo Marina Bay (3,100 households) in Songdo-dong, Yeonsu-gu, Incheon, I-Park Paju Unjeong A26 Block (3,042 households) in Paju-si, Gyeonggi Province, and Hangang Metrojai 2nd and 3rd Complexes (2,887 households) in Geolpo 3 District, Geolpo-dong, Gimpo-si.

In the metropolitan area outside Seoul, August has the largest move-in volume in the third quarter with 21,159 households. Large complexes such as Hillstate River City 1st and 2nd Complexes (3,510 households) in Gimpo-si, Gyeonggi Province, Songdo Landmark City Central The Sharp (2,230 households) in Yeonsu-gu, Incheon, Uiwang Gocheon A-1 Happy Housing (2,200 households) in Uiwang-si, and e-Pyeonhansesang Chudong Park 2nd Phase (1,773 households) in Uijeongbu-si are concentrated.

In September, move-ins are scheduled for Doosan We’ve Treziom (1,620 households) in Namyangju-si, Gyeonggi Province, Hwaseong Bongdam 2 S-1 Block 10-year Public Rental REIT (1,456 households) in Hwaseong-si, and Hanam Gamil A3 Block public rental and permanent rental housing (1,088 households) in Hanam-si.

By housing size, in Seoul, 5,125 households are under 60㎡ (exclusive area), 5,688 households are between 60 and 85㎡, and 1,739 households exceed 85㎡, with small and medium-sized households under 85㎡ accounting for 86.1% of the total 12,552 households. Nationwide, small and medium-sized households account for 91.3% (101,234 households) of the 110,858 households.

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