52,678 Households Supplied Nationwide in November Alone... 53% Increase Compared to Same Month Last Year

[Asia Economy Reporter Kim Min-young] A total of 52,678 households are expected to be supplied nationwide in November. Among them, 42,096 households are general sale units. Recently, the government announced plans to ease loan regulations for subscription winners, reform the subscription system, and consider additional deregulation of restricted areas, drawing attention to whether the sluggish sales market will revive.

According to Zigbang on the 7th, in November, 69 complexes with a total of 52,678 households are preparing 42,096 units for general sale. Compared to the same month last year, the total number of households increased by 53%, and general sales increased by 38%.

Among the 52,678 households supplied nationwide, 27,000 units will be supplied in the metropolitan area. Gyeonggi-do plans the largest supply with 17,548 households. In the provinces, 25,678 units are planned for sale, with Gyeongsangnam-do expected to supply the most at 5,127 households.

In Seoul, 6 complexes with 7,361 households are preparing for sale. Large-scale maintenance projects such as redevelopment and reconstruction are concentrated.

First, ‘Jangwi Xi Radiant,’ redeveloping the Jangwi 4 district area, is constructed by GS Engineering & Construction. It is located in Jangwi-dong, Seongbuk-gu, Seoul. Of the total 2,840 households, 1,330 are for general sale, consisting of exclusive areas ranging from 49 to 97㎡.

‘Riversen SK VIEW Lotte Castle,’ redeveloping the Jung-hwa 1 Redevelopment Promotion Zone, is constructed by a consortium of SK Ecoplant and Lotte Construction. It is located in Junghwa-dong, Jungnang-gu, Seoul, with 501 out of 1,055 households for general sale. The exclusive area ranges from 39 to 100㎡.

‘Hillstate e-Pyeonhansesang Munjeong,’ reconstructing the Munjeong-dong area, is constructed by a consortium of Hyundai Engineering and DL E&C. It is located in Munjeong-dong, Songpa-gu, Seoul, with 296 out of 1,265 households for general sale. The exclusive area ranges from 49 to 84㎡.

In Gyeonggi-do, 20 complexes with 17,548 households are scheduled for sale. ‘Cheolsan Xi The Heritage,’ reconstructing Cheolsan Jugong 8 and 9 complexes, is constructed by GS Engineering & Construction. It is located in Cheolsan-dong, Gwangmyeong-si, Gyeonggi-do, with 1,640 out of 3,804 households for general sale. The exclusive area ranges from 59 to 134㎡.

In Incheon, 4 complexes with 2,091 households are preparing for sale. ‘Yeongjong Ocean Park Moa Elga Grande,’ developed by Deokpyeong Industrial Development and constructed by Hyerim Construction, is located in Unnam-dong, Jung-gu, Incheon (Yeongjong Sky City A61BL). All 560 households are for general sale, with exclusive areas ranging from 84 to 135㎡.

In the provinces, relatively many new apartments will be supplied mainly in Gyeongsangnam-do (5,127 households), Daejeon (5,088 households), and Gyeongsangbuk-do (4,550 households).

‘Dunsan The Sharp Elife,’ reconstructing housing in Yongmun-dong 1, 2, and 3 districts, is constructed by a consortium of POSCO Engineering & Construction and Gyeryong Construction Industry. It is located in Yongmun-dong, Seo-gu, Daejeon, with 1,935 out of 2,763 households for general sale. The exclusive area ranges from 48 to 99㎡.

‘Hillstate The Sharp Sangsaeng Park,’ developed by Sechang and constructed by a consortium of Hyundai Engineering and POSCO Engineering & Construction, is located in blocks 1 and 2 of Daejam-dong, Nam-gu, Pohang-si, Gyeongsangbuk-do. All 999 households in block 1 and 1,668 households in block 2 are for general sale, with exclusive areas ranging from 84 to 160㎡.

However, it is uncertain whether the market can properly absorb this volume. Although the number of move-in units has increased, the transaction freeze has not been resolved due to the Bank of Korea’s big step rate hike and the possibility of additional rate increases. In this situation, attention is focused on whether the transaction normalization measures announced by the government in October can change the market atmosphere.

Ham Young-jin, head of Zigbang Big Data Lab, said, “The guarantee for interim payments on new apartments has been expanded from a sale price of 900 million KRW to 1.2 billion KRW, and the deadline for disposing of existing homes by subscription winners has been extended from 6 months to 2 years. Also, additional deregulation of restricted areas is expected in November, creating a favorable policy environment for the sales market.”

Meanwhile, the complexes scheduled for sale in October, surveyed at the end of September, were 74 complexes with a total of 59,911 households, including 47,534 general sale units. Upon re-survey, 49 complexes actually sold a total of 31,134 households (supply performance rate 52%), with 28,693 general sale units (supply performance rate 60%) actually sold.

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