Following the Chuseok holiday, a total of 48,829 housing units are set to be offered nationwide by November, signaling a robust fall housing market.
According to Real Today on September 26, from September 28 to November, a total of 65,598 units will be supplied across 16 cities and provinces, with 48,829 of those designated for general sale.
The bulk of the supply is concentrated in October, with 3,317 units expected at the end of September, 30,066 units in October, and 15,446 units in November. This surge is attributed to projects that adjusted their schedules ahead of the fall peak season. The influx of units may lead to divided demand among different complexes.
Regionally, the majority of units are concentrated in the metropolitan area and Chungcheong region. In Gyeonggi Province, 17,219 units are planned, accounting for 35.3% of the total general sale units, with 13,854 units set for October. Notable projects include 2,122 units at 'Hillstate Goddeok Elitist' in Pyeongtaek and 1,808 units at 'Acremer Dongtan' in Hwaseong.
In Incheon, 5,713 units are expected, including 1,289 units at 'Sangok Station Xi Hills State & Hanulchae' in Bupyeong and 1,110 units at 'Gyeonggi New City Kaive Yubora' in Gyeyang.
Seoul has a total of 6,999 units planned, with 2,398 units available for general sale, highlighting a significant portion from redevelopment projects. In Seocho District, the 'Banpo DH Class (tentative name)' will be developed through the reconstruction of Banpo Jugong 1 Complex, comprising 5,002 units, with 1,832 units available for general sale. Additionally, 28 units are set for general sale at the 'Shinbanpo 22 Reconstruction.'
In the provinces, Chungnam has the highest planned supply with 5,113 units, followed by Chungbuk with 3,667 units, Gyeongbuk with 3,617 units, Daejeon with 3,167 units, Busan with 1,576 units, Gwangju and Jeonnam with 1,387 units, Sejong with 1,356 units, and Daegu with 1,349 units.
Key provincial projects include 1,380 units at 'Cheonan-Asan Station Grand City Philhouse Block 1' in Asan, Chungnam, 1,671 units at 'Cheongju Gagyeong I-Park Blocks 7 and 8' in Cheongju, Chungbuk, and 1,387 units at 'I-Park Mudeungsan Sky Fore' in Dong-gu, Gwangju.
Hyundai Engineering & Construction plans to launch 'Hillstate Goddeok Elitist' in the Godeok International Business District in Pyeongtaek in October. The project will consist of 2,122 units across three blocks, with heights ranging from two basement levels to a maximum of 33 floors, featuring unit sizes of 58 and 84 square meters.
GS Engineering & Construction, Hyundai Engineering & Construction, and Kolon Global will introduce 'Sangok Station Xi Hills State & Hanulchae' in Bupyeong, Incheon. This project will consist of 2,706 units across 20 buildings, with 1,289 units available for general sale.
Banodo Construction will supply 1,110 units at 'Gyeonggi New City Kaive Yubora' in the AC3 and AC4 blocks of Gyeonggi New City, featuring unit sizes of 84 to 93 square meters, marking the first private sale in the area.
IPARK Hyundai Industrial Development will launch 'I-Park Mudeungsan Sky Fore' in Hak-dong, Dong-gu, Gwangju. This redevelopment project will consist of 2,299 units across 19 buildings, with 1,387 units available for general sale.
Hansung Construction will supply 'Cheonan-Asan Station Grand City Philhouse Block 1' in Baebang-eup, Asan, Chungnam. The project will consist of 1,534 units across 14 buildings, with unit sizes of 84 and 103 square meters.
IPARK Hyundai Industrial Development is also set to launch 'Cheongju Gagyeong I-Park Blocks 7 and 8' in Gagyeong-dong, Heungdeok-gu, Cheongju, with a total of 1,671 units, including 543 units in Block 7 and 1,128 units in Block 8, featuring unit sizes of 84 to 116 square meters.
A representative from Real Today stated, "With major projects concentrating their sales in October right after the holiday, prospective buyers will have a wider selection. However, it is essential to consider the significant regional supply disparities and the differences between redevelopment projects and new land development areas when planning finances and evaluating individual complexes."
* This article has been translated by AI.
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