Despite the government's tightening of loan regulations, over 39,000 apartments are set to be offered nationwide in August, indicating a significant increase in supply even during the typically slow vacation season. However, rising prices and financing burdens are expected to concentrate subscription demand on complexes with favorable locations and product quality.
On July 30, Real Estate 114 reported in its 'August Market Outlook' that 60 complexes, totaling 39,341 units (including rentals), are scheduled to be launched next month. This marks more than a twofold increase compared to the previous month (18,754 units) and the same period last year (15,127 units). Analysts attribute this surge to the carryover of some planned units from July.
Real Estate 114 noted that while the government has announced support measures for actual buyers, the barriers to entering the subscription market remain high due to rising prices and stricter loan regulations. As a result, demand is expected to be reshaped around actual buyers with sufficient financial capacity, focusing on complexes with strong locations and product appeal.
Regionally, the metropolitan area accounts for approximately 69% of the total supply. A total of 27,276 units are expected to be offered in this area, with Gyeonggi Province providing 17,356 units, Incheon 7,091 units, and Seoul 2,829 units.
In Gyeonggi Province, large complexes with over 1,000 units include 'Han River Prugio Riverfront' in Gochon-eup, Gimpo (2,432 units) and 'Doosan We’ve the Zenith Bucheon' in Sosa-dong, Bucheon (1,728 units). Public offerings such as 'Goyang Changneung S2' (1,057 units) and 'Seongnam Bokjeong 2 A1 Newlywed Hope Town' (1,026 units) are also on the horizon.
In Incheon, large complexes like 'Sankok Station Xi Hills State & Haneulchae' in Sangok-dong, Bupyeong (2,706 units) and 'City O Ciel 9th Complex Ocean Park View' in Hakik-dong, Michuhol (1,949 units) are planned, along with public offerings in Gyeyang and Geomam districts.
In Seoul, complexes such as 'Godeok Gangil 3rd Complex' in Gangdong-gu (1,305 units) will begin their main subscriptions, along with 'Summit Clavion' in Sin-gil-dong, Yeongdeungpo (812 units) and 'Chungjeongno Station Xi Rene' in Jungnim-dong, Jung-gu (299 units) from redevelopment projects.
In the provinces, a total of 12,065 units are set to be offered, with Gyeongnam leading at 3,665 units, followed by Busan with 2,081 units and Chungnam with 2,060 units. Notable complexes include 'Centreville Asterium Geoje' in Geoje (1,307 units), 'Forena Hill State Jinju' in Jinju (1,032 units), 'Busan Myeongji A5' in Gangseo-gu, Busan (876 units), and 'Dujeong Station Prugio Grand Peak' in Cheonan (1,438 units).
Real Estate 114 highlighted major complexes for August, including 'Godeok Gangil 3rd Complex' in Gangdong-gu, Seoul, 'Doosan We’ve the Zenith Bucheon' in Bucheon, and 'Forena Hill State Jinju' in Jinju.
Notably, the Godeok Gangil 3rd Complex will be offered through a public rental land system, where the land is owned by the public and only the buildings are sold. During the preliminary subscription in 2022, the estimated sale price for a 59 square meter unit was 355.37 million won, with a monthly land lease fee of 400,000 won. The actual sale price will be finalized after review by the pricing committee, with occupancy expected in March 2027.
Meanwhile, a recent survey by Real Estate 114 revealed that 56% of respondents expect housing prices to rise in the second half of the year, reflecting concerns about price strength and supply shortages in key metropolitan areas.
* This article has been translated by AI.
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