August Nationwide Housing Occupancy Outlook, Favorable Centered on Seoul and the Capital Area

[Asia Economy Reporter Ryu Tae-min] The nationwide housing move-in outlook index for August rose compared to the previous month, indicating a continued favorable trend.

On the 12th, the Korea Housing Industry Research Institute (KHIRI) announced that the August nationwide Housing Occupancy Situation Index (HOSI) outlook was 101.4, up 7.6 points from last month. HOSI is an indicator that comprehensively assesses the move-in conditions of apartment complexes that are about to be occupied or are currently being occupied, as judged by housing suppliers. A value above the baseline of 100 indicates favorable move-in conditions, while a value below suggests deterioration.

By region, 12 out of 17 cities and provinces exceeded the August outlook baseline (100), including Sejong (122.2), Chungnam (111.7), Ulsan (111.1), and Daejeon (110.0). Seoul recorded 104.6, down 0.2 points from last month, while the metropolitan area was 106.5, up 3.4 points, indicating that a favorable move-in market is expected to continue.

However, some local areas such as Daegu (86.2) and Gyeongnam (89.4) recorded outlooks in the 80s this month.

Last month's HOSI actual value was 100.2, up 5.6 points from the previous month, exceeding the baseline. The outlook by company size last month showed large companies at 102.1 and mid-sized companies at 100.6. Regardless of company size, there was an increase compared to the previous month.

The move-in rate last month was 86%, with the metropolitan area at 92.2% and local areas at 84.7%. Although metropolitan cities in local areas saw a slight decline, other regions remained at similar levels to the previous month, maintaining the nationwide move-in rate at last month's level.

The scheduled nationwide apartment move-in volume for this month is 32,190 households across a total of 70 complexes. Public housing accounts for 10,906 households, and private housing for 21,284 households.

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