30,000 Housing Units for Sale This Month... "Unusually High Supply in the Off-Season"

This month, 36 complexes nationwide, totaling 30,645 households (including rental units), are set to be offered for sale.

According to Real Estate R114 on the 1st, the scheduled supply volume in the metropolitan area for February is a total of 16,645 households. Although this is a decrease from the previous month (17,255 households), it is three times higher compared to the same period last year (5,435 households). Notably, this is the highest volume for the same month since the survey began in 2000. Real Estate R114 stated, "Despite being an off-season for sales, an unusually large volume has been announced."

By region, Gyeonggi Province leads with 8,700 households, followed by Seoul with 4,485 households, and Incheon with 3,460 households. In Gyeonggi, complexes such as ‘Buksuwon Imok District Dietre Deriche (2,512 households)’ and ‘Gimpo Bukbyeon Umirin Park Live (1,200 households)’ are scheduled for sale. In Seoul, complexes in the Gangnam 4 districts like ‘Maple Xi (3,307 households)’, ‘Grants River Park (407 households)’, and ‘The Sharp Dunchon Foret (572 households)’ will be offered. In Incheon, new town complexes such as ‘e-Pyeonhansesang Geomdan Ecovista (732 households)’ and ‘Songdo Xi Punggyeongchae Granoble (2,728 households)’ are set to be sold.

The supply volume in provincial areas totals 14,000 households, with Gwangju (4,045 households), Chungbuk (2,330 households), and Jeonbuk (1,914 households) leading. Large complexes with over 1,000 households such as Gwangju’s ‘Songam Park Joongheung S-Class SK View (1,575 households)’ and redevelopment projects like Chungbuk’s ‘Seosin The Sharp Vivaldi (1,914 households)’ and Jeonbuk’s ‘Seosin The Sharp Vivaldi (1,914 households)’ are scheduled for sale.

However, industry observers note that some complexes may postpone their sales schedules. Real Estate R114 explained, “With the spring sales peak in March and April coinciding with major events such as the revamp of the subscription website (March) and the general election (April), construction companies inevitably have to adjust their sales schedules. Additionally, concerns over bankruptcies of small and medium-sized construction companies due to real estate project financing (PF) failures are spreading, which could negatively affect subscription sentiment by region and complex.”

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