April Housing Sales Volume Up 9.3%... Slight Increase in Jeonse and Monthly Rent Transactions

[Asia Economy Reporter Ryu Tae-min] The nationwide housing sales volume in April increased by approximately 9.3% compared to the previous month.

According to the Ministry of Land, Infrastructure and Transport on the 31st, the nationwide housing sales volume in April (based on the reporting date) totaled 58,407 cases, showing a 9.3% increase compared to the previous month (53,461 cases). Compared to the same month last year (93,068 cases), it decreased by 37.2%.

By region, the metropolitan area (23,346 cases) increased by 16.1% compared to the previous month but decreased by 48.1% compared to the same month last year. The provinces (35,061 cases) increased by 5.1% compared to the previous month and decreased by 27.0% compared to the same month last year.

Looking at the total sales volume in April by housing type, apartments accounted for 35,679 cases, up 9.8% from the previous month and down 39.8% from the same month last year. Non-apartment housing (22,728 cases) increased by 8.4% compared to the previous month and decreased by 32.8% compared to the same month last year.

The total monthly rent transaction volume in April, combining lease reporting system data and fixed-date reporting data, was 258,318 cases. This represents a 3.3% increase from the previous month (250,079 cases) and a 38.5% increase from the same month last year (186,560 cases).

By lease type, jeonse (long-term deposit lease) transactions (128,023 cases) increased by 1.4% compared to the previous month and by 19.8% compared to the same month last year. Monthly rent transactions (130,295 cases) increased by 5.2% compared to the previous month and by 63.5% compared to the same month last year.

The number of housing units started nationwide last month was 118,525, down 32.0% compared to the same period last year (174,287 units). Apartment starts were 88,942 units, a 36.6% decrease compared to the same period last year, while non-apartment housing starts were 29,583 units, down 13.1%.

Pre-sale performance nationwide was 78,894 units, down 20.5% compared to the same period last year (99,191 units). General pre-sales were 62,583 units, down 17.6% compared to the same period last year, and rental housing was 7,613 units, down 36.2%. Cooperative member units were 8,698, down 23.1%.

Completion performance nationwide was 109,534 units, down 7.9% compared to the same period last year (118,992 units). By region, the metropolitan area had 62,635 units, down 12.3% compared to the same period last year, and the provinces had 46,899 units, down 1.3%. Completed apartments were 81,239 units, down 8.1% compared to the same period last year, and non-apartment housing was 28,295 units, down 7.4%.

The number of unsold houses in April totaled 27,180 units, a 2.8% (794 units) decrease compared to the previous month (27,974 units).

In the metropolitan area, there were 2,970 units, a 1.7% (49 units) increase compared to the previous month (2,921 units), while in the provinces, there were 24,210 units, a 3.4% (843 units) decrease compared to the previous month (25,053 units).

Unsold units after completion were 6,978, a 1.2% (83 units) decrease compared to the previous month (7,061 units).

By size, unsold medium-to-large units over 85㎡ were 1,773, a 5.0% (84 units) decrease compared to the previous month (1,689 units), and units 85㎡ or smaller were 25,407, a 3.3% (878 units) decrease compared to the previous month (26,285 units).

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