19,495 Housing Units Scheduled for Sale in April Following Planned Easing of Resale Restrictions

7070 Households Increased Compared to the Same Period Last Year

In April, the traditional peak season for housing sales, a total of 19,495 units out of 27,399 nationwide are scheduled for general sale. Compared to the same month in 2022, the number of units for general sale has increased by 7,070 units (57%). The timing of the relaxation of resale restrictions, originally planned for March, is expected to be implemented this month, drawing attention to its potential impact on the sales market.

According to Zigbang on the 3rd, in April, 29 complexes with a total of 27,399 units are preparing 19,495 units for general sale. Compared to the same month in 2022, the total number of units is expected to increase by 12,783 units (87%), and general sales by 7,070 units (57%).

Among the 27,399 units supplied nationwide in April, 20,304 units are preparing for sale in the metropolitan area. Gyeonggi-do plans the largest supply with 12,455 units. In the provinces, 7,095 units are scheduled for sale, with Chungcheongbuk-do expected to supply the most at 2,076 units.

In Seoul, 4 complexes with 5,854 units are preparing for sale. In Gyeonggi-do, 12 complexes with 12,455 units are preparing for sale. In Incheon, 2 complexes with 1,995 units are preparing for sale. In the provinces, new apartments will be supplied mainly in Chungcheongbuk-do (2,076 units), Chungcheongnam-do (1,145 units), and Busan (1,120 units).

The relaxation of resale restrictions, originally scheduled for March, has been postponed and is expected to be implemented this month. Once the relaxation is implemented, the resale restriction period in the metropolitan area will be eased from a maximum of 10 years to 3 years for public land and regulated areas, 1 year for densely controlled zones, and 6 months for other areas. In non-metropolitan areas, the restriction period will be 1 year for public land and regulated areas, 6 months for metropolitan cities (urban areas), and completely abolished for other areas. This will be applied retroactively to apartments previously purchased.

However, due to the high capital gains tax rate on housing sale rights, there are expected to be limitations in the recovery of the housing sale rights transaction market. Ham Young-jin, head of Zigbang Big Data Lab, said, "Currently, the capital gains tax rate on housing sale rights is 70% of the price difference if disposed of within 1 year of acquisition, and 60% if disposed of within 1 to 2 years," adding, "However, adjustments to the capital gains tax rate require legislative amendments and must pass through the National Assembly."

Meanwhile, the housing complexes scheduled for sale in March, surveyed at the end of February, were 26 complexes with a total of 19,648 units, including 15,588 units for general sale. Upon re-survey, only 14 complexes with a total of 11,881 units were actually sold, recording a supply performance rate of 60%, and only 8,323 units were sold for general sale, resulting in a supply performance rate of 53%.

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