Jeonbuk Faces Sharp Decline in Apartment Supply, Scarcity of New Complexes Like "Gunsan Sinyeoksekwon Yedaeum" Grows

As the supply of new apartments in the Jeonbuk region is expected to decrease sharply within the next one to two years, concerns are simultaneously growing about the scarcity of newly built apartments and the potential rise in pre-sale prices. In particular, the decrease in supply not only limits the options available to actual homebuyers but could also become a major factor driving up future pre-sale prices. Analysts suggest that this makes it important to pay attention to the current "last chance" for securing a newly built apartment.

According to the Korea Real Estate Board’s announcement on the expected supply of multi-family housing, the number of units scheduled for occupancy in the Jeonbuk region is 4,894 in the second half of this year and 6,727 in 2025. However, by the first half of 2027, the supply is expected to plummet to just 1,224 units. This represents a nearly 80% decrease in supply within only two years, indicating the possibility of a supply-demand imbalance due to a future supply gap.

As this decline in supply becomes a reality across Jeonbuk, Gunsan is already experiencing an increase in actual move-in demand, coupled with instability in the rental market. As a result, more homebuyers are quickly opting to purchase rather than rent. Major domestic construction companies such as POSCO E&C, DL E&C, and Youngmoo Construction are preparing to begin occupancy in their newly built complexes.

Among these, the complex attracting the most attention from actual homebuyers is "Gunsan Sinyeoksekwon Yedaeum," supplied by Youngmoo Construction. This complex is the last in the area to be subject to the pre-sale price ceiling system, offering price stability compared to surrounding market rates, immediate move-in availability, and a location focused on real residential demand. It is regarded as a rare and valuable newly built property that can be secured before the impending supply shortage.

A sales representative stated, "With new supply decreasing in Jeonbuk and Gunsan, actual homebuyers are increasingly seeking to purchase newly built apartments with lower pre-sale prices and imminent move-in dates. In particular, 'Gunsan Sinyeoksekwon Yedaeum' offers not only price stability through the pre-sale price ceiling system, but also a well-balanced combination of location, living infrastructure, and move-in conditions. Considering the upcoming supply gap, it is a highly strategic option for end-users seeking a place to live."

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