Next Year’s New Supply in Seoul Only 7,000 Units... How to Secure a Spot in New Seoul Complexes?

As Seoul apartment prices continue to rise for the fifth consecutive week, the upward trend is expected to accelerate further due to forecasts that next year's supply volume will sharply decrease compared to this year.

According to the 'Weekly Apartment Price Trends for the First Week of March' released by the Korea Real Estate Board on the 6th, Seoul apartment prices rose by 0.14%, expanding the increase from the previous week (0.11%). Since turning to an upward trend in the first week of February, Seoul apartment prices have shown a continuous rise for five weeks.

In particular, the supply volume for Seoul next year announced by Real Estate 114 is only 7,768 units, a dramatic 75% drop compared to this year's 31,300 units. This sharp decline means that the already scarce new apartments in Seoul will become even more valuable, acting as a catalyst for price increases.

Accordingly, experts suggest that buyers planning to purchase a home within the next 2 to 3 years might be better off advancing their plans to the first half of this year. If interest rate cuts, supply reductions, and economic recovery coincide, housing prices could rise significantly after 2 to 3 years, resulting in a heavier financial burden.

In this case, securing a prime complex supplied this year would mean less financial strain and the potential for higher value appreciation upon moving in.

Among these, a complex offering reasonable prices compared to nearby areas while enjoying the Gangnam living zone is attracting attention. The protagonist is ‘Isu Station Herid,’ located in Sadang-dong, Dongjak-gu, Seoul. ‘Isu Station Herid’ is a large-scale complex consisting of 10 buildings ranging from 3 basement floors to 29 above-ground floors, with a total of 965 units sized between 59 and 138 square meters. Of these, 89 units are public rental housing, and 876 units are supplied to the general public.

The complex boasts a location that allows Seoul residents to enjoy the Gangnam living zone and is highly regarded for having all the advantages preferred by buyers, including being a large-scale complex near a subway station.

Its location is particularly excellent. ‘Isu Station Herid’ is supplied through a subway station public housing project and is about a 3-minute walk from Isu Station on subway lines 4 and 7. This provides convenient access to Banpo Station (about 7 minutes), Seocho Station (about 10 minutes), and Gangnam Station (about 14 minutes), making commuting to Seoul’s central business districts very convenient. Additionally, proximity to the Seoripul Tunnel enhances access to Gangnam, and major roads such as Olympic-daero, Nambu Beltway, and Gangnam Beltway Highway facilitate easy travel to the outskirts of Seoul and the metropolitan area.

Educational conditions for children are also well established. Samil Elementary School is located right in front of the complex, allowing safe walking commutes. Numerous schools such as Sadang Middle School, Kyungmoon High School, and Seomun Girls’ Middle and High School are clustered nearby, and access to the Banpo-dong academy district is also convenient.

The complex also boasts prices that reduce the financial burden on buyers. As a regional housing cooperative project, it is supplied at reasonable prices compared to surrounding areas, making high capital gains expected upon moving in. Especially, since the Isu Station area long-term lease housing project conditionally passed the architectural review at the 19th Seoul City Architecture Committee meeting last December, project stability is guaranteed, and project progress is expected to gain momentum.

Furthermore, all units are mainly oriented south, which is advantageous for lighting and ventilation, and the wide spacing between buildings securing open views and good sightlines enhances openness and scenic views. Additionally, depending on size and type, specialized features preferred by buyers are added, enabling excellent space utilization. Community facilities designed to increase resident satisfaction, such as a fitness center, indoor golf practice range, GX room, daycare center and senior zone, small library, and individual storage units, are also planned.

Meanwhile, the ‘Isu Station Herid’ housing sales office is located in Seocho-gu, Seoul, and is operating successfully.

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