Next month, the nationwide apartment move-in volume is expected to fall to just over 10,000 units. The significant decrease in regional move-in volumes has contributed to an overall decline of more than 30% compared to the previous month.
According to Zigbang on August 24, the nationwide apartment move-in volume for September is projected at 10,184 units. This marks a 30.7% decrease from 14,701 units in August and an 18.2% drop from 12,454 units in the same month last year.
By region, 6,936 units will be moving into the metropolitan area, while 3,248 units will be in regional areas. Compared to the previous month, the metropolitan area saw a 23.5% decrease, and regional areas experienced a 42.4% decline. As a result, the share of the metropolitan area in the total volume increased from 61.6% in August to 68.1% in September.
The decline in regional move-in volumes is also evident on an annual basis. This year, the regional move-in volume is expected to be 88,161 units, down 31.3% from 128,301 units last year. Notably, the September regional move-in volume is projected to be the lowest of the year.
In terms of specific areas, Seoul will see 3,478 units moving in, with the largest project being 'The H' in Bangbae-dong, Seocho District, at 3,064 units. In Gyeonggi Province, notable projects include 'Songnae Station Prugio Cent Bien' in Bucheon with 1,045 units and 'e-Pyeonhansesang Singok Signature View' in Uijeongbu with 815 units.
In regional areas, the largest project is 'Changwon Central I-Park' in Changwon, Gyeongnam, with 1,509 units. This is followed by 'Chuncheon Aterra the First' in Chuncheon, Gangwon, with 543 units, and 'Asan Sinchang 1st Kwangshin Progress' in Asan, Chungnam, with 450 units.
Although large complexes like The H and Changwon Central I-Park are set to open in September, the significant reduction in regional volumes has led to an overall decrease in nationwide move-in numbers. However, from October to December, an average of about 14,700 units is expected to move in monthly, indicating a potential increase in volumes after September.
In areas where large complexes are concentrated, there may be a rise in rental listings in the short term, impacting the surrounding market. Notably, The H will not have occupancy requirements for general sales, and member units can also be rented out, increasing the likelihood of rental listings before and after move-ins.
Despite the decrease in move-in volumes, the scheduled openings of large complexes in the Gangnam area suggest that rental markets may experience varied trends across different regions.
* This article has been translated by AI.
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