24,000 Apartment Units Nationwide Move-in in February... 70% Concentrated in the Seoul Metropolitan Area

Nearly 20% More Than 19,909 Households This Month

[Image source=Yonhap News]

[Asia Economy Reporter Lim Onyu] The nationwide apartment move-in volume in February is expected to exceed 20,000 units, surpassing this year's average.

According to Zigbang on the 25th, the apartment move-in volume next month was surveyed at 23,648 units. This is 19% more than this month's 19,909 units and 24% more than the monthly average move-in volume of 19,030 units this year. Ham Youngjin, head of Zigbang Big Data Lab, said, "The concentration of move-in volumes at the beginning of the year is expected to help stabilize the jeonse market."

By region, the metropolitan area will have 16,656 units (13 complexes), and the provinces will have 6,992 units (12 complexes), with more than 70% of the volume concentrated in the metropolitan area.

In the metropolitan area, Gyeonggi has 10,619 units, Seoul 4,368 units, and Incheon 1,669 units. The provincial move-in volume is similar to previous years.

By complex, the following will have move-ins: Magok M Valley 9 Complex (1,529 units) in Magok-dong, Gangseo-gu, Seoul; Suwon Station Prugio Xi (4,086 units) in Godeung-dong, Paldal-gu, Suwon-si, Gyeonggi; Gyeyang Hyosung Harrington Place (1,669 units) in Seoun-dong, Gyeyang-gu, Incheon; Yeongyeong District LH New Well City (1,812 units) in Jimyo-dong, Dong-gu, Daegu; Munseong Lake Xi (975 units) in Munseong-ri, Goa-eup, Gumi-si, Gyeongbuk; and Seosan Yecheon 2 District Joongheung S Class (1,273 units).