25,000 Housing Units Nationwide for Sale in July... Significant Increase in Supply in the Capital Area

In July, approximately 25,000 housing units are scheduled for sale nationwide. In particular, the supply of housing units in the metropolitan area, where the market sentiment has recently improved, is expected to increase significantly compared to last year.

Scheduled housing supply volume by city and province nationwide in July. [Image provided by RealToday]

According to a survey by RealToday, a real estate research firm, a total of 38 locations with 34,625 units (including rental units, excluding officetels) are expected to be supplied nationwide in July. Among these, the number of general sale units is 25,001 nationwide.

In the metropolitan area, 11,638 units will be released, while 13,363 units will be supplied in provincial areas. Compared to last year's performance, the general sale units scheduled for July this year increased by 10,265 units (747.6%) in the metropolitan area and by 5,645 units (73.1%) in the provinces. The increase in the metropolitan area is particularly notable.

By city and province, the numbers are as follows: ▲Gyeonggi 7,374 units ▲Gangwon 3,119 units ▲Busan 3,014 units ▲Seoul 2,262 units ▲Incheon 2,002 units ▲Gwangju 1,840 units ▲Daejeon 1,353 units ▲Gyeongbuk 1,350 units ▲Gyeongnam 1,146 units ▲Chungbuk 644 units ▲Jeju 629 units ▲Jeonbuk 268 units.

Major complexes in the metropolitan area include Gwangmyeong Central I-Park, located in Gwangmyeong 2-dong, Gwangmyeong-si, Gyeonggi Province. The complex is a large-scale development consisting of 11 buildings ranging from 3 basement floors to 36 above-ground floors, with units ranging from 39 to 113 square meters, totaling 1,957 units, of which 425 units are for general sale.

In Siheung-si, Gyeonggi Province, Siheung Lotte Castle Signature will be supplied in the Eunhaeng-dong area. It consists of buildings ranging from 3 basement floors to 49 above-ground floors, with units of 84 square meters. Block 1 consists of 8 buildings with 1,230 units, and Block 2 consists of 6 buildings with 903 units.

In Pyeongtaek-si, Gyeonggi Province, Hoban Summit Godeok New Town Phase 3 is scheduled for sale. The complex consists of 9 buildings ranging from 2 basement floors to 23 above-ground floors, with units ranging from 84 to 100 square meters, totaling 703 units. Following the pre-sale application which recorded an average competition rate of 68.7 to 1 in 2021, the main sale will be conducted this time.

In Songpa-gu, Seoul, Hillstate e-Pyeonhansesang Munjeong will be supplied. The complex consists of 14 buildings ranging from 2 basement floors to 18 above-ground floors, with units ranging from 49 to 84 square meters, totaling 1,265 units, of which 296 units ranging from 49 to 74 square meters are for general sale.

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