Next month, more than 37,000 apartment units nationwide will be offered for sale. This is the highest monthly supply so far this year.
According to Real Estate R114 on the 28th, a total of 37,457 units across 42 complexes nationwide are scheduled to be offered in April. This is due to some of the March supply being postponed to April, as well as the concentration of sales during the spring peak season.
By region, Gyeonggi Province had the largest number with 17,832 units. This was followed by ▲Incheon with 3,541 units ▲Seoul with 3,283 units ▲Gangwon with 2,723 units ▲Chungnam with 2,208 units. In Gyeonggi, a total of 17 sites including large-scale redevelopment complexes in Gwangmyeong and Uiwang are scheduled, while Incheon has four complexes in Seo-gu preparing for sale.
In Seoul, where the subscription threshold has been lowered due to expanded special supply and lottery systems and eased loans, redevelopment projects such as Huigyeong Xi Desensia and Seodaemun Central I-Park are being offered. On the other hand, regions with increased risk of unsold units, such as Daegu, Daejeon, Sejong, Ulsan, Jeonbuk, and Gyeongbuk, have no sales plans.
With the abolition of the mid-payment loan limit and other eased subscription regulations, the sales market is also showing some signs of vitality. From April, the lottery system will be expanded for apartments under 85㎡ exclusive area in regulated areas, which is expected to boost the Seoul subscription market. However, given the ongoing burden of interest rates and the possibility of further price declines, complexes priced higher than market value are likely to attract less interest.
Yeogyeonghee, Senior Researcher at Real Estate R114, analyzed, "Demand is concentrated mainly in areas where price defense is possible or future value is expected, so except for some areas like Seoul and Busan, it is difficult for subscription enthusiasm to spread nationwide," adding, "Projects in regions with high unsold risk may increasingly postpone their sales."
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