Apartment pre-sale right transactions are active in the Gyeongbuk region, centered around Gumi and Pohang. Gumi is expected to benefit from semiconductor specialization along with Yongin in Gyeonggi Province, while Pohang has favorable conditions due to secondary battery and bio specialization. Both areas are analyzed to be influenced by a considerable amount of scheduled move-in volume next year.
On the 1st, Woori Bank Asset Management Consulting Center analyzed the nationwide apartment pre-sale right (move-in right) transaction volume from the Ministry of Land, Infrastructure and Transport. The transaction volume in the first quarter of this year was recorded at 11,783 cases, a 15.4% increase compared to 10,205 cases in the same period last year. It also increased by 26% compared to the previous quarter.
By region, Gyeonggi had the highest number with 1,647 cases, followed by Gyeongbuk with 1,613 cases. The transaction volume of pre-sale rights (move-in rights) in the Gyeongbuk region surged by 65.9% compared to the previous quarter (972 cases). This was the highest transaction volume outside the metropolitan area. In Gumi, a total of 243 pre-sale rights (move-in rights) were traded. In particular, transactions priced over 300 million KRW and up to 600 million KRW accounted for the majority with 235 cases. In Pohang, the Nam-gu and Buk-gu districts recorded 183 and 807 cases respectively. Similarly, transactions priced over 300 million KRW and up to 600 million KRW were the most frequent.
The real estate markets in these areas have been on an upward trend since the government announced plans last year to establish specialized complexes in three fields: semiconductors, displays, and secondary batteries. According to the Korea Real Estate Board, Gumi's land price increase rate last year was 1.00%, higher than Daegu (0.32%), Busan (0.18%), and even major areas in Seoul. This year, in March, a pre-sale right for a 171㎡ unit at 'Gumi Expansion Complex Joongheung S-Class Edufore' was traded at 835.51 million KRW, setting a record price. Although unsold inventory in Pohang has been slow to resolve, the activation of new growth industries is expected to accelerate new company settlements and increase housing demand due to employment expansion. The 'Hillstate The Sharp Sangsaeng Park' in the Daejam-dong area of Nam-gu set a new record price in February with a 127㎡ pre-sale right traded at 810.9 million KRW.
Amid this atmosphere, new apartment supply continues, maintaining demand interest. Next year in Gumi, 'e-Pyeonhansesang Gumi Sangmo Trivenue' (620 households), 'Gumi Haemoro River City' (756 households), and 'Wonho Xi The Foret' (834 households) are scheduled for move-in. In Pohang, 'Hanwha Forena Pohang 2nd' (350 households), 'Hillstate Hwanho Park' (Blocks 1 and 2 totaling 2,994 households), and 'Samgu Trinien Signature' (547 households) are preparing for move-in.
However, experts advise that considering supply and demand conditions in the local real estate market, it is limited to recover quickly based solely on favorable factors, so careful examination by region and complex is necessary. Kim Gyu-jung, head of the Asset Management Succession Research Institute at Korea Investment & Securities, said, "While the favorable factor of establishing specialized complexes may have influenced the increase in transaction volume, it was likely limited. It is more probable that demand switching from old to new buildings or cases where purchases were made cheaper than the original pre-sale price are included. Since decoupling is intensifying in local areas, a more detailed view is required."
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