Over 36,000 Households to Be Offered Nationwide This Month

Some of Last Year's Scheduled Housing Complexes Postponed to January This Year

[Asia Economy Reporter Kim Min-young] The number of housing units for sale in January this year is expected to increase significantly compared to the same month last year, reaching around 36,000 units.

According to Zigbang on the 10th, out of 45 complexes with a total of 36,161 units, 30,769 units are preparing for general sale. Compared to the same month last year, the total number of units is expected to be 23,633 units (189%), and general sales are expected to be 19,375 units (170%).

As the first quarter pre-sale tenant recruitment will begin in earnest from next month, it appears that more complexes are aiming to sell in January to avoid the sales competition in March. Additionally, about 23,000 units originally scheduled for the second half of last year were postponed to January this year, which is another reason for the increased supply this month.

Major postponed complexes in the metropolitan area include redevelopment and reconstruction projects as well as large-scale new complexes with over 1,000 units. A Zigbang official explained, "Construction companies involved in maintenance projects that had been delaying supply schedules due to pricing calculations are expected to resume supply from January. However, with the presidential election in March approaching, and expectations for deregulation of maintenance projects, it is uncertain whether supply will proceed as planned."

Of the 36,161 units supplied nationwide in January, 17,873 units are preparing for sale in the metropolitan area. Gyeonggi Province plans the largest supply with 11,693 units. In the provinces, 18,288 units are planned for sale, with Gyeongsangbuk-do expected to have the largest supply at 4,015 units.

In Seoul, six complexes with 2,661 units are preparing for sale. Sales are concentrated through maintenance projects, and the country's first general sale through remodeling is also expected to be supplied.

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