Seoul City "23,000 Households Moving In This Second Half of the Year, 49,000 Households Next Year"

The Seoul Metropolitan Government has projected that 23,000 households will move in during the second half of this year, and 50,000 households next year.

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Seoul announced that starting from the 23rd, it will disclose apartment move-in forecasts within the city on the city’s official website and the mobile web Seoul Map.

The number of households scheduled to move in by the end of this year is 22,923. This includes 17,128 households from redevelopment, reconstruction, and street housing maintenance projects, and 5,795 households from non-maintenance projects such as public housing, youth safety housing, and station area developments. Among complexes with over 1,000 households, North Seoul Xi Polaris (Mia 3 District) in August, Hillstate e-Pyeonhansesang Munjeong (Munjeong-dong 136) in September, and Olympic Park Foreon (Dunchon Jugong) in November are preparing for move-in.

Compared to the move-in forecast released by the city last March, the number of households moving in this year has decreased by 6,235. Due to rising construction costs and high interest rates worsening financial conditions, non-maintenance projects such as youth safety housing (4,666 households) decreased by 5,648 households, and maintenance project move-ins decreased by 587 households.

The total number of households scheduled to move in 2025 is 49,461. Maintenance projects account for 32,673 households, and non-maintenance projects account for 16,788 households. Move-ins are scheduled for Ramian La Grande (Imun 1) in January, Lotte Castle East Pole (Jayang 1) in March, Jangwi Xi Radiant (Jangwi 4) in March, and Huigyeong Xi Decencia (Huigyeong 3) in June next year.

The number of households moving in next year is expected to increase by 1,132 compared to the forecast made last March. This is because the number of units delayed to next year from non-maintenance projects (5,834 households) exceeds the number of units delayed from next year to 2026 or later (4,115 households). The number of maintenance project move-ins scheduled for next year decreased by 97 households compared to the March forecast.

The move-in forecast announced by the city differs from projections by other institutions such as real estate information companies. Seoul explained, "To prevent underestimation caused by general building permits, which are difficult to track due to the short period from groundbreaking to completion and move-in announcement, we partially reflect estimates based on past performance."

Last year, general building permits were estimated at 60% of the average performance over the past five years, but the actual figure was 3,627 households. This year, the estimate was lowered to 50% (4,000 households) of the past five-year average, and the final number was calculated by comparing it with figures confirmed through actual move-in announcements.

The city provides a "Move-in Forecast Volume Map Service" on the mobile web, allowing users to check the move-in forecast volumes that were previously released as PDF files. The surrounding status of the complexes scheduled for move-in can also be checked.

Han Byung-yong, Director of the Seoul Housing Office, said, "We have added mutual verification work with credible institutions to minimize the impact of differing information from various organizations on the real estate market. We will continue to strive to provide move-in forecast information that is practically necessary and helpful to citizens."

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