Daejeon to Supply 28,000 New Housing Units... Sale Timing 'Not Yet Decided'

[Asia Economy (Daejeon) Reporter Jeong Il-woong] This year, 28,000 new housing units are expected to be supplied in Daejeon.

According to Daejeon City on the 31st, this year, 24,200 apartments, 353 multi-family and row houses, and 3,731 detached and multi-household houses will be supplied, totaling 28,284 new housing units in the region.

Among the apartment supply, 2,089 units are rental housing, and 22,111 units are for sale. Of the for-sale housing, general sales excluding cooperative member sales are expected to be 17,503 units.

By autonomous district, private sector supply is highest in Jung-gu with 9,666 units, followed by Seo-gu with 6,008 units, Dong-gu with 5,037 units, Daedeok-gu with 1,009 units, and Yuseong-gu with 344 units.

In the public sector, Daejeon Urban Corporation will supply 662 units, and Korea Land and Housing Corporation will supply 1,473 units.

By supply method, redevelopment project units account for 11,855 units, or 49% of the total; private construction accounts for 10,210 units, or 42%; and public construction accounts for 2,135 units, or 9%.

The volume of new housing supply this year has increased by 8,355 households compared to the previous year, which the city analyzes as due to some supply that was postponed last year being carried over to this year.

Although the planned new housing supply volume has increased, the city understands that due to the recent housing market slump, project entities have not yet specified the timing of housing sales.

Jang Il-sun, Director of the City Housing Bureau, said, “Housing supply must continue steadily to ensure housing stability for the homeless, create jobs through construction projects, and revitalize the local economy. The city will also strive to stabilize prices along with stable housing supply.”