15,798 Unsold Houses Nationwide in April... Slight Increase

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced that as of the end of April, the total number of unsold houses nationwide was 15,798 units, an increase of 3.5% (528 units) compared to the previous month (15,270 units).

The number of unsold houses has been rapidly decreasing, with 36,629 units in April last year, 28,831 units in August, and 19,005 units in December. This year, the numbers decreased to 17,130 units in January, 15,786 units in February, and 15,270 units in March, but slightly increased again to 15,798 units in April.

In the metropolitan area, there were 1,589 units, up 4.5% (69 units) from the previous month (1,520 units), and in the provinces, there were 14,209 units, up 3.3% (459 units) from the previous month (13,750 units).

The number of unsold houses after completion was 9,440 units, down 5.3% (525 units) from the previous month (9,965 units).

By size, among the total unsold units, medium to large-sized units over 85㎡ were 629 units, up 12.3% (69 units) from the previous month (560 units), and units 85㎡ or smaller were 15,169 units, up 3.1% (459 units) from the previous month (14,710 units).

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