More Than 1,500 Households in Large-Scale Apartment Complexes to Be Released for Sale

Dunchon Jugong Reconstruction 10,000+ Units and
Record 160,000 Units Scheduled This Year

[Asia Economy Reporter Kim Hyemin] This year, the largest-ever large-scale apartment complexes will be offered for sale nationwide.

According to Real Estate 114 on the 24th, the total supply of apartments with complex sizes exceeding 1,500 households is estimated at 160,192 units (including rental units) this year. Of these, 95,262 units are planned in the metropolitan area, and 64,930 units in other regions.

The supply of large-scale apartment complexes has increased for four consecutive years: 62,827 units in 2018, 82,250 units in 2019, and 90,731 units in 2020. This year's supply volume is the largest since statistics began in 2000. Also, the supply volume of large complexes exceeding 100,000 units is the first in six years since 2015 (103,924 units). The total supply volume this year is estimated at 438,747 units.

The proportion of large-scale apartment complex supply remained below 20% of the total until 2014 but recorded 20% range from 2015 to last year. This year, it jumped to 35.6%. Expanding to complexes with over 1,000 households, it accounts for 56.4% of the total. On the other hand, the supply proportion of apartments with fewer than 300 households is expected to record the lowest ever this year at 3.5%. The same applies to 300?499 households (8.9%) and 500?699 households (9.4%).

The most notable large-scale apartment complex this year is the Dunchon Jugong Reconstruction in Gangdong-gu, Seoul (Dunchon Olympic Park Avenue Foret), with 12,032 units. In Seoul, besides this complex, sales are expected to continue for △ Raemian One Bailey in Seocho-gu (2,990 units) △ Jangwi 10 District Prugio in Seongbuk-gu (2,004 units) △ Raemian Imun in Dongdaemun-gu (2,904 units) △ Bangbae 5 District Reconstruction in Seocho-gu (2,796 units), among others.

Yeokyung Hee, Senior Researcher at Real Estate 114, said, "With a large number of large-scale apartment complexes offering excellent residential convenience, the subscription market could become even more overheated this year."

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