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Housing Permits in April Total 44,600 Units... 40% Increase Year-on-Year

Housing Permits 45,000 Units in April, Groundbreaking 45,000 Units, Sales 27,000 Units, Completion 25,000 Units

Housing Permits in April Total 44,600 Units... 40% Increase Year-on-Year


[Asia Economy Reporter Kangwook Cho] The Ministry of Land, Infrastructure and Transport announced on the 30th that the number of housing permits nationwide in April reached 44,609 units, marking a 39.9% increase compared to the same month last year.


During the same period, the metropolitan area recorded 25,487 units, an 80.4% increase, with Seoul in particular rising by 132.9% to 10,107 units. The provinces saw 19,122 units, a 7.7% increase from last year.


The number of apartment permits nationwide was 32,369 units, up 43.1%, while non-apartment housing permits increased by 32.1% to 12,240 units.


The number of housing starts in April nationwide was 45,262 units, a 4.3% decrease compared to the same month last year (47,318 units). The metropolitan area recorded 20,403 units, down 19.6% from last year, whereas the provinces increased by 13.4% to 24,859 units.


Nationwide apartment starts were 34,042 units, a 10.4% decrease from last year, while non-apartment housing starts rose by 20.3% to 11,220 units.


The number of apartment sales units in April nationwide was 26,962 units, a 4.6% increase compared to the same month last year (25,772 units).


The metropolitan area saw 11,900 units, up 1.1%, and the provinces recorded 15,062 units, a 7.6% increase.


General sales units increased by 52.0% to 24,327 units, while rental housing units decreased by 92.8% to 439 units. Cooperative member units fell by 40.2% to 2,196 units.


The number of housing completions in April nationwide was 24,583 units, a 48.6% decrease compared to the same month last year (47,827 units).


The metropolitan area recorded 14,293 units, down 35.8% from last year, and the provinces saw 10,290 units, a 59.8% decrease. Nationwide apartment completions dropped by 56.7% to 17,002 units, while non-apartment housing completions decreased by 11.4% to 7,581 units.


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