22,543 Households Move In February... 19% Decrease Compared to Previous Year

32% Decrease Compared to Previous Month
Gyeonggi Has the Highest Number of New Housing Units

In February, 22,543 households nationwide will move in. Compared to the same month last year, the number of move-ins decreased by 19%.

Yearly February Move-in Volume, Move-in Volume Comparison by Region (Data from Zigbang)

According to Zigbang on the 29th, 43 complexes nationwide with 22,543 households will move in next month. This is a 32% decrease compared to the previous month and is lower than the average year. The average number of move-ins over the past 8 years is 27,337 households.

By region, the number of move-ins is 10,933 households in the metropolitan area and 11,610 households in other provinces.

By area, Gyeonggi (8,753 households) has the highest number of apartment move-ins, accounting for 38.8% of February's move-ins. In northern Gyeonggi, including Namyangju-si, Uijeongbu-si, and Yangju-si, a total of 7 complexes with 3,347 households are preparing for move-in. In southern Gyeonggi, there is a significant amount of move-in volume in areas such as Gwacheon, Hwaseong, and Pyeongtaek-si, including Hillstate Pyeongtaek The First and Hyangnam Station Hanyang Sujain D’STAGE.

In Seoul, 678 households will move in across three projects including ePyeonhansesang Godeok Urban Bridge, Gangdong, Songpa, and Geumcheon-gu. In Incheon, 1,502 households will be supplied in areas such as Michuhol-gu, Nam-gu, and Seo-gu.

February 2024 Regional Housing Supply (Data provided by Zigbang)

The number of move-ins in other provinces also decreased by 27% compared to the previous month. By region, move-ins will begin in various areas including Gyeongnam (1,828 households), Chungnam (1,809 households), Daejeon (1,772 households), Gangwon (1,717 households), Daegu (1,579 households), Gyeongbuk (1,156 households), Chungbuk (1,010 households), Gwangju (373 households), Jeonnam (274 households), and Jeonbuk (92 households). However, there are no move-ins scheduled for February in Busan, Ulsan, Sejong, and Jeju.

There are a total of 5 large apartment complexes with more than 1,000 households moving in next month nationwide. 'Yangju Okjeong Linfamilie' in Okjeong-dong, Yangju-si, Gyeonggi-do, with 2,049 households, is the largest single project in February. Following are 'Changwon Hyeondong A-2BL Namyang Hutton' (1,159 households) in Masanhappo-gu, Changwon-si, Gyeongnam, and 'Pohang Yeoksamgu Trinien' (1,156 households) in Buk-gu, Pohang-si, Gyeongbuk, which are also preparing to welcome residents.

In the first quarter of this year, a total of 93,436 apartment households are scheduled to move in. This is the largest volume among the quarterly volumes this year, accounting for 30% of the annual move-in volume. Although the number of move-ins in February is somewhat sluggish, move-ins are expected to proceed with 37,804 households in March.

Ham Young-jin, head of Zigbang Big Data Lab, explained, "Since the total move-in volume is likely to improve in March (37,804 households), it is premature to predict price instability in the rental market. Tenants in the metropolitan area whose lease contracts expire in February should pay attention to areas with relatively abundant move-in volumes such as the Gyeonggi region."

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