About 39,000 Apartment Units Nationwide to Go on Sale in August... Concerns Over Polarization Due to High Barriers to Entry

More Than Double Compared to Last Month and Last Year
Supply Concentrated as July Rollover Units Are Added

Despite being the summer vacation off-season, the rollover supply from July has led to the launch of approximately 39,000 new apartment units nationwide for sale next month. However, concerns have been raised that the high barriers to entry may lead to further polarization in the apartment subscription market.

View of downtown Seoul. Photo by Yonhap News

According to Real Estate 114 on July 30, a total of 39,341 apartment units in 60 complexes—including rental units—are scheduled for sale nationwide in August. This supply is more than double compared to both the previous month and the same period last year. Although August is typically a slow season due to summer vacations, the rollover of some scheduled supply from July has intensified the concentration of new offerings.

A Real Estate 114 official commented, "The government has announced plans to introduce measures supporting real demand homebuyers, but the barriers to entering the subscription market remain high due to rising sale prices and tightened lending regulations. Consequently, subscription demand is expected to regroup mainly around buyers with sufficient financial resources, focusing on complexes with prime locations and strong product appeal."

The supply scheduled in the Seoul metropolitan area totals 27,276 units, with the breakdown as follows: Gyeonggi Province 17,356 units; Incheon 7,091 units; and Seoul 2,829 units. Major projects include Hangang Prugio Riverfront in Gimpo, Gyeonggi; Doosan We've the Zenith Bucheon and Goyang Changneung S2 in Bucheon; and Seongnam Bokjeong 2A1 Newlywed Hope Town.

In provincial regions, a total of 12,065 units will be offered. The breakdown is: Gyeongnam Province 3,665 units; Busan 2,081 units; and Chungnam Province 2,060 units. Major projects include Centreville Asterium Geoje in Geoje, Gyeongnam; Forena Hillstate Jinju in Jinju; Busan Myeongji A5 in Gangseo-gu, Busan; and Dujung Station Prugio Grand Peak in Seobuk-gu, Cheonan, Chungnam.

The Seoul Housing & Communities Corporation (SH) will begin accepting final subscriptions next month for public sale apartments at the Goduk-Gangil District 3 complex in Gangil-dong, Gangdong-gu, Seoul. The Doosan Construction and Ssangyong E&C consortium plans to offer Doosan We've the Zenith Bucheon—a mixed-use residential complex—following the redevelopment of Sosa-bon District 1-1 at 88-39 Sosa-bon-dong, Sosa-gu, Bucheon, Gyeonggi.

Hanwha Construction Division and Hyundai E&C plan to launch Forena Hillstate Jinju through the redevelopment of Ihyeon District 1-5, located at 10-1 Ihyeon-dong, Jinju, Gyeongnam.

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