Korea Real Estate Board Releases Planned Apartment Supply... 356,000 Units Expected This Year

Real Estate R114 and 2-Year Joint Announcement of Multi-Family Housing Expected Supply Every Half Year

Apgujeong Hyundai Apartment_Real Estate Reference Photo / Photo by Hyunmin Kim kimhyun81@

This year, approximately 356,000 households nationwide, and next year, about 417,000 households in apartments and other multi-family housing units are expected to be supplied.

The Korea Real Estate Board announced on the 4th that it will disclose the "Multi-family Housing Scheduled Move-in Volume Information." The information being released is the result of a joint research agreement on the "Method for Estimating Scheduled Housing Move-in Volumes" signed with Real Estate R114. Both organizations plan to release scheduled move-in volume information (a two-year forecast from the reference point) semiannually going forward.

The region with the highest scheduled move-in volume this year is Gyeonggi-do, with an expected 118,435 households. This is followed by Incheon with 37,328 households, Seoul with 36,204 households, Chungnam with 26,142 households, Busan with 26,018 households, and Daegu with 24,969 households, where new apartments will be supplied.

Next year, plans include 49,990 households in Seoul, 137,876 households in Gyeonggi, 49,301 households in Incheon, 26,122 households, and 32,554 households in Daegu.

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