36,000 Households Supplied in Local Areas in September... Which Complexes Are Worth Visiting During the Chuseok Holiday?

[Asia Economy Reporter Kim Min-young] In September, the peak season for apartment sales, a total of about 36,000 housing units are expected to be supplied in regions outside the Seoul metropolitan area. Demanders are also expected to actively distinguish the 'gems from the stones' using the Chuseok holiday.

According to Real Estate R114 on the 9th, the total supply in the provinces this month is counted as 47 complexes, 36,005 households (excluding rentals). Compared to the supply in the same month last year (September 2021), which was 20 complexes and 12,392 households, the number of households has increased about threefold. The number of general supply units also increased from 8,878 to 30,330 during the same period.

In particular, about 87% of the provincial supply in September this year was concentrated in small and medium-sized cities excluding metropolitan cities. By region, it breaks down to △Other provinces (40 complexes, 31,191 households) △5 major metropolitan cities (7 complexes, 4,814 households). The supply scheduled in the Seoul metropolitan area this month (18 complexes, 13,978 households) is also more than double, showing a contrast to last year when many units were concentrated in the metropolitan area.

It is also notable that first-tier construction companies have massively expanded into various small and medium-sized cities this month. Among the 40 complexes supplied in other provinces, 18 complexes are being supplied by the top 10 construction companies in the construction capability evaluation this year.

Major complexes being supplied in the provinces this month include Daewoo Construction’s ‘Gwangyang Prugio Center Park’ in Yonggang-ri, Gwangyang-eup, Gwangyang-si, Jeollanam-do. This complex consists of 10 buildings, ranging from 3 basement floors to 29 above-ground floors, with a total of 992 households of exclusive areas between 59 and 105 square meters.

HDC Hyundai Development Company plans to supply ‘Gyeongsan 2nd iPark’ in Apnyang-eup, Gyeongsan-si, Gyeongsangbuk-do. It will be composed of 745 households with exclusive areas ranging from 84 to 134 square meters, in buildings from 2 basement floors to 33 above-ground floors.

DL Construction plans to supply ‘ePyeonhansesang Gumi Sangmo Trivenue’ in Sangmo-dong, Gumi-si, Gyeongsangbuk-do. It consists of 6 buildings, from 3 basement floors to 27 above-ground floors, with a total of 620 households of exclusive areas between 84 and 116 square meters.

GS Construction, POSCO Construction, and SK Ecoplant plan to supply ‘Yangjeong Xi The Sharp SK VIEW’ in Yangjeong-dong, Busanjin-gu, Busan Metropolitan City in September. The complex consists of 3 complexes, 22 buildings, from 5 basement floors to a maximum of 34 above-ground floors, with exclusive areas ranging from 39 to 100 square meters. Out of a total of 2,276 households, 1,162 households will be supplied to the general public.

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