5.4 Million Housing Units for Sale in Metropolitan Cities in the First Half of the Year... "Daegu 19,000, Busan 7,000 Units Expected"

5 Major Metropolitan Cities to Supply 54,000 Households in the First Half of This Year
Last Year's Second Half Competition Rate 33 to 1... "Fierce Competition Expected This Year as Well"

[Image source=Yonhap News]

[Asia Economy Reporter Yuri Kim] In the first half of this year, new apartment supply is expected to continue in the five major provincial metropolitan cities (Gwangju, Daegu, Daejeon, Busan, Ulsan). Daegu,

According to Real Estate Info on the 17th, a total of 54,410 apartment units are scheduled to be supplied in the five major provincial metropolitan cities in the first half of this year. This figure is double the 25,182 units supplied during the same period last year. It is also about 8,000 units more than the 46,046 units supplied in the second half of last year, which saw a large volume.

The enthusiasm for provincial subscription remains strong. In October last year, Daejeon's Gapcheon 1 Triple Full City Hillstate (1,116 units) recorded an average competition rate of 153 to 1, and Ulsan's Munsu-ro Daegongwon Eilinui Tteul (384 units) recorded 309 to 1. In December, in Gwangju, Hills State Cheomdan in Ssangam-dong, Gwangan-gu (315 units) showed a competition rate of 228 to 1.

The average competition rate by region was higher in the second half than in the first half. According to Real Estate 114, in the second half of last year, a total of 23,144 units were supplied for general sale in the five major metropolitan cities, and 783,975 people applied, resulting in a competition rate of 33.87 to 1. In the first half, a total of 14,782 units were supplied, and 443,053 people applied, resulting in a competition rate of 29.97 to 1. Although the supply volume increased, the number of applicants also increased significantly, raising the competition rate.

Among the five major provincial metropolitan cities, Daegu is expected to have the highest number of sales in the first half of this year. A total of 34 complexes with 22,363 units are scheduled to be supplied. The general supply volume is 19,517 units. Redevelopment projects such as Padong Gangchon 2 District Reconstruction (1,299 units) and Sinam 2 District Redevelopment (1,458 units) are preparing for sales. In Busan, a total of 15 complexes with 12,993 units will be supplied. Large-scale redevelopment projects such as Oncheon 4 District Redevelopment (4,043 units) and Yangjeong 1 District Redevelopment (2,279 units) are included, with 6,459 units for general sale.

In Daejeon, more than 5,000 units for general sale will be available. A total of 10 complexes with 7,142 units will be supplied, with 5,088 units planned for general sale. These include Cheondong 3 District Block 4 (1,328 units), Daejeon Seonhwa Redevelopment (997 units), and Dong-gu Daeseong-dong Development Project (934 units). Ulsan will supply a total of 5,955 newly built apartment units across 6 complexes, with 3,787 units for general sale. Gwangju is preparing to supply a total of 5,957 units across 15 complexes, with 2,509 units for general sale.

In January, in Padong, Suseong-gu, Daegu, 'Suseong The Palace Prugio The Sharp,' a reconstruction of Padong Gangchon 2 District, will be supplied. Daewoo Construction and POSCO Construction will build 18 buildings ranging from 2 basement floors to a maximum of 28 floors above ground, totaling 1,299 units. Of these, 1,055 units sized 59?84㎡ (exclusive area) will be for general sale. Hyundai Construction will supply 'Hillstate Daemyeong Central' in January at 221-1 Daemyeong-dong, Nam-gu, Daegu. The complex consists of 861 apartment units sized 84?150㎡, and 228 officetel units sized 84㎡, totaling 1,089 units.

KCC Construction will supply 'Anrak Switzen' in January at 603-116 Anrak-dong, Dongnae-gu, Busan, and 48 other plots. The complex will be a residential-commercial complex with 2 buildings ranging from 2 basement floors to a maximum of 37 floors above ground, consisting of 220 apartment units and 14 officetel units, totaling 234 units. Samsung C&T plans to supply 'Raemian Forestige,' redeveloping Oncheon 4 District in Dongnae-gu, Busan, in February. It will be built with 36 buildings ranging from 6 basement floors to a maximum of 35 floors above ground, sized 39?147㎡, totaling 4,043 units. Among these, 2,331 units sized 49?132㎡ will be offered for general sale.