The Icheon area in Gyeonggi Province has been included in the management area for unsold homes for the eighth consecutive month, and the Pyeongtaek area has also been newly designated.
According to the Housing and Urban Guarantee Corporation (HUG) on the 15th, as stated in its 'March announcement for the selection of management areas for unsold homes,' five regions nationwide, including Icheon and Pyeongtaek in Gyeonggi Province, Sokcho in Gangwon Province, Gwangyang in Jeollanam-do, and Gyeongju in North Gyeongsang Province, have been designated as management areas for unsold homes. Regarding the designation of Icheon as a management area for unsold homes, 'poor resolution of unsold homes' and subsequent concerns over 'unsold homes' were cited as reasons.
In Icheon, which has been included in the management area for unsold homes since August of last year, the number of unsold units exceeds 1,000, and it has been analyzed that the number of unsold units in the city and counties in the province has increased by over 30% or that the performance of sales approvals is more than 5% of the inventory of multi-family dwellings.
The Pyeongtaek area has been included in all three adverse conditions of 'increased unsold homes,' 'poor resolution of unsold homes,' and 'concerns over unsold homes.' In particular, the number of unsold units in Pyeongtaek has continued to increase over the past three months. Once designated as a management area for unsold homes from May 2018 to June 2020, Pyeongtaek has been re-designated after 4 years and 10 months.
According to the 'current situation of unsold dwellings' compiled by the Ministry of Land, Infrastructure and Transport and the Gyeonggi Province Housing Policy Division, the number of unsold dwellings in Pyeongtaek was confirmed to be 6,438 as of Jan. 31. Previously, the number had steadily increased to 4,071 on Dec. 31, 2024, and 2,497 on Nov. 30. Comparing this to the 361 units recorded on Jan. 31, 2024, it represents an approximately 18-fold increase.
As of Jan. 31, there are 1,873 unsold dwellings in the Icheon area. Similarly, there are no signs of resolution for unsold homes, with numbers at 1,911 as of Dec. 31 last year and 1,600 as of Nov. 30.
In the province, only Pyeongtaek and Icheon exceed 1,000 unsold units. As of Jan. 31, the total number of unsold units in the province stood at 15,135, with Pyeongtaek accounting for 42.5% and Icheon for 12.3%.
Among regions with more than 1,000 unsold housing units, those meeting at least one of the four criteria—unsold increase, poor resolution, concerns over unsold homes, and need for monitoring—are designated as 'management areas for unsold homes.' The evaluation of whether Icheon and Pyeongtaek will be reassigned as management areas for unsold homes will take place on the 9th of next month.