50,000 Apartment Units Scheduled for Move-In from February to March... Nearly 15% Decrease Compared to Previous Year

[Asia Economy Reporter Kim Hyemin] As demand for moving season in spring is expected to increase from February to March, right after the Lunar New Year holiday, the number of apartment move-ins has been recorded to have decreased by nearly 15% compared to the previous year.

According to Real Estate 114 on the 9th, the scheduled apartment move-in volume for February to March this year is 78 complexes, totaling 52,894 households. Compared to the same period last year (61,944 households), this is a 14.6% decrease. Compared to the average of 70,113 households over the past four years since 2017, it is a 24.6% reduction.

By region, the Seoul Metropolitan Area was overwhelming with 33,522 households. The move-in volume in regions excluding the metropolitan area was 19,372 households, the lowest level since 2013. Senior Researcher Yeo Kyung-hee said, "It takes about 2 to 3 years from pre-sale to move-in, and the sharp decline in pre-sale volumes in the Gyeongsang region including Ulsan due to the economic downturn and population outflow in 2018-2019 has affected this year's move-in volume."

The apartment move-in volume by province was in the order of ▲Gyeonggi (23,404 households) ▲Seoul (8,342 households) ▲Chungbuk (3,069 households) ▲Daegu (3,042 households).

In particular, in Gyeonggi Province, 8 out of 13 large complexes with more than 1,000 households are concentrated. Suwon Station Prugio Xi in Paldal-gu, Suwon-si (4,086 households), and Beomjeom Station Apart Castle in Hwaseong-si (2,666 households) are moving in. In Seoul, Mapo Prestige Xi in Yeomni-dong, Mapo-gu (1,694 households), and Godeok Xi in Sangil-dong, Gangdong-gu (1,824 households) are moving in.

On the other hand, Daejeon, Ulsan, and Jeju-do have no move-in volume in February to March. Among these, the Daejeon area recently saw the highest increase in jeonse prices nationwide, raising concerns about instability in the jeonse market.

Senior Researcher Yeo said, "As jeonse supply is released mainly in areas with many large complexes, jeonse prices may stabilize locally," but added, "In regulated areas, the impact may be limited due to the two-year actual residence requirement for capital gains tax reduction and the six-month move-in obligation for mortgage loans, which increase landlords' actual residence."

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