The Housing and Urban Guarantee Corporation (HUG) has designated five areas for unsold housing management in October. Gangneung in Gangwon Province has been removed from the list, while Osan in Gyeonggi Province and Gyeongsan in North Gyeongsang Province have been newly included.
On October 6, HUG announced the selection of these five areas for unsold housing management, which was made public on October 7.
Unsold housing management areas are selected based on criteria such as having more than 1,000 unsold units and unsold units exceeding 2% of the total housing stock in the region. Areas experiencing an increase in unsold units, slow resolution of unsold units, or concerns about unsold units are targeted. Projects seeking sales guarantees or project financing in these areas must undergo a preliminary review.
This October, the number of designated areas has increased by one compared to the previous month. Gangneung has been removed from the list, while Osan and Gyeongsan have been newly designated.
The designated areas include two in the metropolitan area and three in provincial regions. In the metropolitan area, Yeongjong District in Incheon and Osan in Gyeonggi Province are included. In provincial areas, Gangseo District in Busan, Cheonan in South Chungcheong Province, and Gyeongsan in North Gyeongsang Province have been designated.
The application period for Yeongjong District, Gangseo District, and Cheonan is from July or September 2026 until November 9. For Osan and Gyeongsan, the period is from October 10 to November 9, 2026.
As of August 2026, there are a total of 11,235 unsold housing units in the October unsold housing management areas, accounting for approximately 16.2% of the nationwide total of 69,134 unsold units.
Projects seeking sales guarantees in the designated areas must undergo a preliminary review. However, rental housing projects, maintenance projects, housing and officetel projects with fewer than 100 units, and some post-sale projects may be exempt from this review.
The inclusion of some areas in the metropolitan region as unsold housing management areas indicates a trend of polarization in the housing market, extending beyond the outskirts and provincial areas to smaller cities in the metropolitan area.
Details regarding the preliminary review for sales guarantees and the announcement of designated unsold housing management areas can be found on HUG's website, through its call center, and at its nationwide sales offices.
* This article has been translated by AI.
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