Over 35,000 Apartment Units Scheduled for Move-in Nationwide in August... Highest Since November Last Year

Nationwide Apartment Move-in Volume
24% Increase Compared to Previous Month
More Than Half in Metropolitan Cities
Seoul Capital Area Down 8% Compared to Previous Month

[Asia Economy Reporter Hwang Seoyul] In August, the nationwide apartment move-in volume will reach about 35,000 households, marking the largest volume since November last year.

According to Real Estate R114 on the 25th, the nationwide apartment move-in volume in August is recorded at 53 complexes with 35,282 households, showing a 24% increase compared to the previous month. This is the largest move-in volume since November last year, when 47,386 households were supplied.

More than half of the nationwide apartment move-in volume comes from metropolitan cities outside the capital area (53 complexes, total 35,282 households). This is the highest monthly volume within the year and the largest figure since December last year. On the other hand, the Seoul metropolitan area will see 16,010 households (20 complexes) move in, which is an 8% decrease from last month.

By region, Gyeonggi has the highest volume with 11,864 households. Over 30% of the August apartment move-in volume is supplied in Gyeonggi. Following are Daegu (4,385 households), Chungnam (4,135 households), Incheon (2,435 households), Daejeon (2,311 households), Busan (2,282 households), and Chungbuk (1,861 households). Seoul will see 1,711 households move in, an increase of 211 households compared to last month. Meanwhile, in Daegu and Chungnam, where housing prices continue to decline, the significantly increased apartment move-in volume next month is expected to put pressure on the sales market.

The supply of large complexes with over 1,000 households also increased compared to the previous month. In August, 12 large apartment complexes (17,051 households) will move in, the largest number since November last year when 15 complexes were supplied. By region, Gyeonggi will have 5 complexes, and Daegu and Chungnam will each have 2 complexes supplied. In Seoul, one complex, 'Raemian Elinity' (1,048 households), redeveloped from Yongdu 6 District in Dongdaemun-gu, is also preparing for move-in.

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