Busan, Real Estate Investment Fever Heats Up

[Asia Economy Reporter Yoo In-ho] Outside the Seoul metropolitan area, the real estate investment fever in Busan is heating up the most.

According to Real Estate 114 on the 14th, the apartment subscription competition rate in Busan has been the highest among the five major metropolitan cities in the provinces?Busan, Daejeon, Daegu, Ulsan, and Gwangju?since the beginning of this year.

From January to October this year, the five major metropolitan cities in the provinces recruited 32,306 households (excluding special supply), attracting 1,022,983 first-priority applicants, recording an average competition rate of 31.7 to 1.

By region, Busan (59.9 to 1) had the highest competition rate, followed by Daejeon (32.4 to 1), Gwangju (24.1 to 1), Daegu (22.4 to 1), and Ulsan (20.3 to 1).

In particular, Busan, which is being discussed as likely to be re-designated as a regulated area due to overheating in the real estate market, showed a 5.9-fold increase compared to last year (10.1 to 1).

Ulsan also rose 7.8 times this year from 2.6 to 1 last year. The top five individual complex subscription competition rates in the five major metropolitan cities in the provinces this year all came from Busan and Ulsan.

The highest was ‘Munsuro Daegongwon Aileen’s Garden’ in Nam-gu, Ulsan (309.8 to 1), followed by ‘Ssangyong The Platinum Geoje Asiad’ in Yeonje-gu, Busan (230.7 to 1), ‘Ssangyong The Platinum Haeundae’ in Haeundae-gu, Busan (226.5 to 1), ‘Seomyeon Vista Dongwon’ in Busanjin-gu, Busan (224.4 to 1), and ‘Yeonje SK View Central’ in Yeonje-gu, Busan (167.1 to 1).

Daejeon and Gwangju also recorded double-digit competition rates this year, but compared to last year’s results?Daejeon at 55.46 to 1 and Gwangju at 41.85 to 1?they declined. Daegu maintained a similar level to last year.

Looking at the individual performance of newly supplied complexes in the five major metropolitan cities in the provinces this year, all of the top five complexes were supplied in Busan and Ulsan. According to Real Estate 114, the highest subscription performance currently in the five major metropolitan cities in the provinces is ‘Munsuro Daegongwon Aileen’s Garden’ supplied in Nam-gu, Ulsan, with a first-priority subscription competition rate of 309.83 to 1.

Following were ▲‘Ssangyong The Platinum Geoje Asiad’ in Yeonje-gu, Busan at 230.73 to 1 ▲‘Ssangyong The Platinum Haeundae’ in Haeundae-gu at 226.45 to 1 ▲‘Seomyeon Vista Dongwon’ in Busanjin-gu at 224.4 to 1 ▲and ‘Yeonje SK View Central’ in Yeonje-gu at 167.14 to 1, showing high competition rates.

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