Year-End 'Push-Out' Volume Concentration... 54,000 Households for Sale in December

As year-end push volumes concentrate, next month will see the first nationwide sales across all 17 cities and provinces this year.

[Image source=Yonhap News]

According to Real Estate R114 on the 30th, a total of 73 complexes nationwide, comprising 54,012 households (including rental units), are scheduled for sale in December. Of these, more than a quarter, 15,519 households, will be supplied through redevelopment, reconstruction, and other maintenance projects.

This year, due to the deterioration of project profitability for construction companies, the timing of sales has frequently been adjusted, resulting in a large accumulated volume. Accordingly, an unusually large volume is expected to be released in December, which is typically an off-season. However, a Real Estate R114 official analyzed, "Since the success varies depending on the competitiveness of the complexes, many cases are also expected to be postponed to next year."

[Image provided by Real Estate R114]

In the metropolitan area, a total of 34 complexes with 29,116 households are scheduled for sale. In Seoul, including ‘Cheonggye Riverview Xi (1,670 households)’ in Yongdap-dong, Seongdong-gu, and ‘Mapo Prugio Urban Peace (239 households)’ in Ahyeon-dong, Mapo-gu, a total of 7 complexes with 3,194 households are planned for sale. Gyeonggi Province is expected to supply 18,554 households, accounting for 64% of the total metropolitan area supply. Incheon recorded about 11,000 households sold by November, showing somewhat reduced supply compared to the average year, but 7,368 households are concentrated in December.

In the provinces, the supply volume is highest in the order of ▲Busan (4,711 households) ▲Jeonbuk (4,531 households) ▲Gwangju (4,045 households) ▲Chungnam (2,980 households) ▲Chungbuk (2,189 households). On the other hand, Daegu and Ulsan, where new supply was almost nonexistent due to accumulated unsold units, are expected to continue a passive approach to resuming supply until the end of the year.

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