Seoul Apartment Sales at Zero for 4 Consecutive Weeks

Over 4,400 Nationwide Housing Subscription Applications in the First Week of February... Zero in Seoul

The real estate issue shook South Korea in 2020. Contrary to President Moon Jae-in's confident declarations about resolving real estate problems, it was a year marked by growing public frustration over homeownership. The government announced 24 policies to curb the volatile housing prices, but each time, prices rose even further. The last shantytown in Gangnam, Seoul, Guryong Village, stands in stark contrast to the dazzling high-rise apartments. We hope for stabilization in the housing market in the New Year of the Year of the Ox. /Photo by Moon Honam munonam@

As the government announces a groundbreaking housing supply plan before Seollal (February 12), the supply of apartment units for sale in Seoul continues at 'zero' for the fourth consecutive week.

According to Real Today, a real estate research firm, subscription applications for a total of 4,398 households will begin in seven locations nationwide in the first week of February. The supply is concentrated in provincial areas such as Jeonnam, Sejong, and Daegu. Winner announcements will be held in five locations, and contracts will proceed in twelve locations.

Apartment Sales Calendar for the First Week of February

Hanyang Construction will accept first-priority subscription applications on the 2nd of next month for 'Mokpo Hanyang Lips The Foret,' located at 986 Seokhyeon-dong, Mokpo-si, Jeonnam. The complex consists of 7 buildings ranging from 2 basement floors to 24 above-ground floors, with exclusive areas of 59 to 84㎡, totaling 648 households. Among these, 194 units will be offered to the general public. Surrounded by the foothills of Daebaksan Mountain, it offers a pleasant living environment. Additionally, through Daeyang-ro and Yeongsan-ro connected to the complex, convenient commuting is possible to nearby Mokpo Daeyang Industrial Complex, Mokpo Sapjin and Ceramic Industrial Complexes. Various living convenience facilities such as Mokpo General Bus Terminal, Mokpo Nonghyup Hanaro Club, and Mokpo Central Hospital are also located nearby.

Kumho Construction, Shindongah Construction, and HMG Partners will accept first-priority subscription applications on the 2nd for 'Sejong Richensia Familier,' located at San 10, Sanul-dong, Sejong (Administrative City Complex 6-3 Living Zone H2·H3 Block). The H2 block consists of 12 buildings ranging from 3 basement floors to 34 above-ground floors, with exclusive areas of 59 to 100㎡, totaling 770 households. The H3 block consists of 8 buildings ranging from 3 basement floors to 35 above-ground floors, with exclusive areas of 59 to 112㎡, totaling 580 households, making a total of 1,350 households. The BRT Haemily bus stop for the main express bus line is located in front of the complex, making it easy to travel throughout Sejong City as well as to KTX and SRT Osong Station.

Daewoo Construction and POSCO Construction will accept first-priority subscription applications for the relevant area on the 2nd for 'Suseong The Palace Prugio The Sharp,' located at 27-17 Padong, Suseong-gu, Daegu. The complex consists of 18 buildings ranging from 2 basement floors to a maximum of 28 above-ground floors, with exclusive areas of 59 to 84㎡, totaling 1,299 households, of which 1,055 units will be offered to the general public. Padong Elementary and Suseong Middle Schools are within walking distance, and Sincheon-daero and Padong IC are nearby, facilitating easy travel inside and outside the city.

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