In October, Approximately 67,000 Households Nationwide Apply for Housing Subscription... 6 Locations in Seoul

[Asia Economy Reporter Hwang Seoyul] Approximately 67,000 households nationwide will accept subscription applications in October. With regulations lifted in most regions except some parts of the metropolitan area and Sejong last week, attention is focused on what changes may occur.

According to Real Today, a real estate research firm, on the 29th, about 85,738 households (including rentals, excluding officetels, based on first-priority subscriptions) will be supplied in 100 locations nationwide next month. Among these, the general sale volume is 66,879 households. The general sale volume in the metropolitan area is 24,978 households (37.3%), while the provinces account for 41,901 households (62.7%).

This is about six times the volume of last month (11,331 households). However, the schedule for reconstruction and redevelopment units in Seoul and other areas may change due to issues such as price calculation. In the provinces, construction companies may also adjust the sale timing depending on market conditions.

By city and province, Gyeonggi accounted for the largest share with 17,659 households (32 locations, 26.4%), followed by Chungnam with 11,639 households (14 locations, 17.4%), and Daejeon with 5,915 households (4 locations, 8.8%). In Seoul, 3,129 households (6 locations, 4.7%) are expected to be sold.

A Real Today official explained, "With the lifting of regulations, entry barriers in loans, taxation, and subscriptions have lowered," adding, "Within the industry, there are mixed opinions: some expect a different reaction in the sales market compared to before, while others believe the cold atmosphere due to interest rate hikes will continue."

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