Wonju Added to Unsold Housing Management Areas... Gangneung and Miryang Removed

Reference photo. Not related to the article content.

[Asia Economy Reporter Jo Gang-wook] Wonju City in Gangwon Province has been newly designated as a housing unsold management area, while Gangneung in Gangwon and Miryang in Gyeongnam have been removed from the unsold management areas.

The Housing and Urban Guarantee Corporation (HUG) announced on the 29th the selection of six regions as the 53rd housing unsold management areas.

In this 53rd announcement, Wonju City in Gangwon was newly included compared to the previous month, while Gangneung City in Gangwon and Miryang City in Gyeongnam were removed. This is due to a large-scale occurrence of unsold apartments in recently launched apartment projects in Wonju. Gangneung and Miryang were removed from the management areas as their monitoring period (2 months) ended.

The newly included areas will be applied from the 5th of next month. Accordingly, the housing unsold management areas are ΔYangju, Gyeonggi ΔWonju, Gangwon ΔDangjin, Chungnam ΔGimcheon, Gyeongbuk ΔGeoje and Changwon, Gyeongnam, totaling six locations.

To purchase project sites (including all acquisition acts such as sales, auctions, public auctions, exchanges, etc.) for the purpose of supplying housing (including residential officetels scheduled for issuance of sales guarantees) in the housing unsold management areas, a preliminary review for sales guarantees must be conducted.

For detailed information on preliminary reviews and pre-reviews for sales guarantees, inquiries can be made through the HUG website, call center, or any nationwide sales branch.

Meanwhile, as of the end of December, the unsold houses in the housing unsold management areas total 5,394 units, accounting for about 28.38% of the total unsold houses (19,005 units).

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