13 Million Households Nationwide Move In During Second Half of the Year: "Fewer Than Last Year, More Than First Half"

[Asia Economy Reporter Onyu Lim] About 130,000 households nationwide will move in during the second half of this year. Although this is less than the same period last year, it is more than 40% higher than the first half of this year.

According to Zigbang on the 28th, a total of 129,890 households are scheduled to move in during the second half of this year. In the metropolitan area, 68,807 households will move in, of which about 39% are supplied from completed redevelopment and reconstruction projects.

Seoul will see a total of 12,802 households move in during the second half, a similar volume to the first half (12,140 households). In particular, move-ins will focus on complexes where reconstruction has been completed, such as in Gangnam and Seocho districts. In Gyeonggi Province (46,290 households), move-in volumes are concentrated in the southern areas such as Gwacheon, Pangyo, Hanam, and Dongtan, while Incheon is expected to have about twice as many households moving in compared to the first half (4,692 households), with 9,715 households moving in from areas like Geomdan.

‘The H Xi Gaepo’ is located in Irwon-dong, Gangnam-gu, Seoul, and is a complex reconstructed from Gaepo Jugong 8th Complex. It consists of a total of 1,996 households with exclusive areas ranging from 63 to 173㎡. Daemosanipgu Station on the Suin-Bundang Line is located right next to the complex, and Daechung Station on Subway Line 3 is within walking distance. Educational facilities include Seoul Irwon Elementary School, and it has excellent accessibility to the Gangnam 8 school district and the Daechi-dong academy district. Green spaces such as Daemosan and Yangjaecheon are also nearby. Move-in is scheduled for the end of July.

‘Taereung Harrington Place’ is located in Gongneung-dong, Nowon-gu, Seoul. It is a complex reconstructed from Taereung Hyundai, consisting of a total of 1,308 households with sizes ranging from 49 to 84㎡. Hwarangdae Station on Subway Line 6 is within walking distance, and Taereung Station on Line 7 is also accessible. Educational facilities include Taereung Elementary School and Gongneung Middle School, and the Junggye-dong academy district is nearby. Move-in is scheduled for around November.

‘Gwacheon Xi’ is located in Byeolyang-dong, Gwacheon-si, Gyeonggi Province, and is a complex reconstructed from Gwacheon Jugong 6th Complex. It consists of a total of 2,099 households with sizes ranging from 59 to 135㎡. Gwacheon Station on Subway Line 4 is within walking distance, and access to Gangnam and other areas is excellent via Gwacheon IC and Yangjae IC. The GTX-C line is planned to open at the Government Complex Gwacheon Station, which will further improve transportation conditions after opening. Commuting to Cheonggye Elementary School and Munwon Middle School is possible, and green environments such as Gwacheon Central Park and Grand Park are well established. Move-in is scheduled for November.

In the provinces, a total of 61,083 households will move in during the second half. The volume is concentrated in Daegu, Daejeon, Sejong, and other areas, which is about 63% more than the 37,385 households that moved in during the first half. In particular, Daejeon, which had not seen many move-ins for a while, will have four mammoth complexes with over 1,000 households each moving in, marking the largest number of new apartments moving in since the first half of 2014 (7,092 households).

Ham Young-jin, head of Zigbang Big Data Lab, said, "Since the volume of move-ins in the second half is higher than in the first half and move-ins are concentrated in areas with high demand such as Gangnam in Seoul and southern Gyeonggi Province, it is necessary to closely monitor the intensity of rental price instability."

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