In August, 14,720 households are expected to move into new apartments nationwide. The amount of move-ins in the metropolitan area has shown a decrease for two consecutive months.
According to a survey by the real estate information platform Zigbang on the 28th, the total amount of apartment move-ins nationwide in August is 14,720 households. This is below the monthly average of 20,090 households for the year and represents a 14% decrease (2,361 households) from July's total of 17,081 households.
By region, 8,985 households will move into the metropolitan area, while 5,735 households will move into local areas. In particular, the metropolitan area has seen a decrease in the move-in volume for August, following 13,977 households in June and 10,272 households in July, marking a decline for two consecutive months. This trend of decrease is expected to continue into September.
In the metropolitan area, Gyeonggi Province has the highest number of expected move-ins at 7,360 households, followed by Incheon with 1,343 households and Seoul with 282 households. In Gyeonggi Province, new apartment supplies will focus on housing development districts in Pyeongtaek, Goyang, Hwaseong, and Paju.
Key complexes include Pyeongtaek's Pyeongtaek-Hwayang-Humanville First City (1,468 households) and Godeok Jaye Centro (569 households), while in Goyang's Ilsan Dong-gu, The Sharp Ilsan First World Complexes 1 and 2 (1,603 households) will begin move-ins. In Hwaseong, the Aterra Familie (640 households) and Suma De Sciang (616 households) will start moving in. In Incheon, the Gyeonggi Province Jiell Windview A and B blocks (1,343 households) are set to welcome residents. In Seoul, the only complex to open is 'The H Daechei Edelui' with 282 households in Daechi-dong, Gangnam-gu.
In local areas, move-ins will continue with 1,802 households in Chungnam, 1,300 households in Daegu, 1,014 households in Busan, and 456 households in Gangwon. In Chungnam, the move-ins will start at Cheonan Lotte Castle The Cheongdang (1,199 households) located in Cheongdang-dong, Dongnam-gu and Asan Hanshin The Hue (603 households) in Gwon-gok-dong, Asan City. In Daegu, Duryu Station Jaei (1,300 households) located in Naedang-dong, Seo-gu will see move-ins, while in Busan, Busanjin-gu's Bujeong-dong Citizen's Park Vista Dongwon (440 households) is expected to welcome residents by the end of August.
Zigbang explained that the recent government's measures to strengthen household debt management, effective from June 27, are also significantly impacting the new apartment move-in market along with the decrease in move-in volume.
From complexes where recruitment announcements for residents have been made since June 28, the limit for housing mortgage loans (remaining balance loans) has been restricted to 600 million won, focusing on the metropolitan area and regulated zones, thereby increasing the financial burden on buyers. In contrast, complexes that had recruitment announcements before June 27 continue to follow the previous regulations.
A Zigbang official noted, "Some buyers are only accepting tenants with sufficient financial capacity or are increasingly switching from jeonse to monthly rent. As a result, a decrease in move-in rates along with the contraction of the jeonse market and a trend toward monthly rents is simultaneously occurring."
He added, "With the tightening of loan regulations, even existing residence transactions are being depressed, leading to a wait-and-see approach spreading across the entire new apartment move-in market. This trend is likely to continue for the time being."