Unsold Housing Units Decrease Nationwide... 19 Areas Including Anyang and Wonju Have Zero Unsold Units

[Asia Economy Reporter Cha Wanyong] Amid a nationwide decline in housing prices and a surge in unsold units, a total of 19 city-level areas across the country have maintained a status of 'zero unsold units.'

According to real estate data from Real Estate R114 on the 29th, out of 85 city-level areas nationwide, including special cities, metropolitan cities, and special self-governing cities, 19 areas had completely sold out their unsold housing units as of June.

In the Seoul metropolitan area, nine regions including Anyang, Suwon, Ansan, Uiwang, Gwacheon, Gwangmyeong, Gunpo, Yeoju, and Pocheon had no unsold units. In the provinces, 10 regions including Wonju, Taebaek, Yeongju, Naju, Gimje, Jeonju, Jeongeup, Nonsan, Boryeong, and Jecheon also had no unsold units.

Among the zero unsold unit areas, eight regions launched new housing sales in the first half of this year. In Gyeonggi Province, four areas?Anyang (1,938 households), Suwon (1,638 households), Ansan (127 households), and Uiwang (1,350 households)?and in the provinces, Wonju (476 households), Jecheon (1,907 households), Naju (1,694 households), and Gimje (170 households) conducted sales. Despite the sluggish real estate market, all these regions achieved complete sales.

The zero unsold status in these areas was significantly influenced by the June 17, 2020, policy measures. As most of the Seoul metropolitan area was designated as regulated zones, unsold units were rapidly cleared mainly in provincial cities. In fact, the total unsold units in these 19 regions, which had accumulated to 3,007 households (2,779 households in provincial areas) by the end of 2019, were completely sold out by the second half of 2021, about two years later.

Kwon Il, head of the research team at Real Estate Info, stated, “The fact that these areas have maintained zero unsold units despite recent new sales indicates a strong waiting demand and investment demand for new apartments.”

Meanwhile, new housing sales announcements continue in these zero unsold unit areas. Hyundai Construction is introducing ‘Hillstate Wonju Prestige,’ a 975-household complex in Gwanseol-dong, Wonju, and Doosan Construction is launching ‘Pyeongchon Doosan We've The Prime,’ a 456-household complex in Hogye-dong, Dongan-gu, Anyang. Additionally, Hanyang plans to launch sales in Jeonju, Jeollabuk-do, and Daewoo Construction will proceed with sales in Nonsan, Chungcheongnam-do.

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