June Apartment Pre-Sales Reach 31,000 Units... Double Last Year’s Volume
The number of apartment units scheduled for pre-sale nationwide this month has been tallied at 31,126.
According to a survey conducted by real estate market research firm Zigbang on June 1, the apartment supply nationwide is expected to increase this month as units that were postponed from last month's planned pre-sales are added. The volume of apartments scheduled for pre-sale this month represents an increase of approximately 101% compared to last month's actual figure of 14,998 units. Of these, general pre-sales are expected to account for 25,097 units, up about 96% from last month's figure of 12,790 units.
By region, the Seoul metropolitan area accounts for approximately two-thirds of the total, with 19,524 units. Of these, Gyeonggi Province will supply 12,864 units, Seoul 3,804 units, and Incheon 2,857 units. Regional areas outside the capital are expected to provide 10,602 units.
Apartment viewed from Lotte World Tower, Songpa-gu, Seoul. Photo by Yonhap News Agency
View original imageIn Seoul, major pre-sales are planned for complexes such as Jangwi Prugio Mark One in Jangwi-dong, Seongbuk-gu (1,931 units), Summit Clavion in Singil-dong, Yeongdeungpo-gu (812 units), Define Artia in Noryangjin-dong, Dongjak-gu (404 units), and Wolgye Junghung S-Class Riviere in Wolgye-dong, Nowon-gu (355 units). Most of these are centered on redevelopment projects. In Gyeonggi Province, large pre-sales are scheduled for Bukosan Zayed Foret in Naesammi-dong, Osan-si (1,517 units), Yeokgok District Howstory (A2) in Yeokgok-dong, Wonmi-gu, Bucheon-si (1,464 units), and Goyang Changneung S3 in Deogyang-gu, Goyang-si (1,306 units). Incheon’s Geomdan District is also expecting large-scale supplies.
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In regional areas, complexes preparing for pre-sale include Gimhae Sinmun Central I-Park in South Gyeongsang Province (1,379 units), Centreville Asterium Geoje (1,307 units), Miryang Sujain The First 1·2 Complex (a total of 1,066 units), and Busan Eco Delta City 2BL Junghung S-Class (501 units). Eunseok Kim, Head of the Big Data Lab at Zigbang, explained, "Concerns about reduced supply of new apartments and rising construction costs are highlighting the possibility of future price increases, which is sustaining demand for pre-sale complexes." He added, "Subscription demand is increasingly focused on complexes with advantageous locations, price competitiveness, strong living infrastructure, and solid underlying demand, rather than simply being determined by region."
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