Next month, approximately 11,000 apartments are expected to be completed nationwide.
According to a survey by the real estate platform Zigbang on the 25th, the total number of apartment completions nationwide in September this year is projected to be 11,134 units, a decrease of about 33% compared to the previous month of August (16,549 units).
Among these, the number of completions in the metropolitan area is 5,695 units, which is about a 41% decrease from the previous month (9,655 units). In Seoul, there are 128 units, Gyeonggi has 4,692 units, and Incheon has 875 units, all showing a decrease compared to the previous month.
In Seoul, the Pojeus Han River (128 units) located in Gwangjang-dong, Gwangjin-gu, will begin to be occupied. Gyeonggi Province has the most with 2,621 units in Pyeongtaek, followed by 1,297 units in Siheung, 474 units in Anseong, and 300 units in Paju. In Pyeongtaek, e-Pyeonhan Residence Pyeongtaek L'Asciel (1,063 units) and e-Pyeonhan Residence Pyeongtaek High Cent (916 units) are preparing for occupancy, while in Siheung, Sincheon Station Epipite (1,297 units) is also set to move in. In Incheon, Shingeomdan Central Station Woomeelin Class One (875 units) located in Geomdan New Town is expected to be occupied around mid-September.
In the provinces, 5,439 units will be completed, which is 21% less than the previous month (6,894 units). This is the lowest number of completions since January 2022 (3,491 units), with only five regions—Chungbuk (1,849 units), Gyeongnam (1,779 units), Gwangju (869 units), Jeonbuk (834 units), and Daegu (108 units)—having ongoing completions.
By major complexes, Hanwha Foreena Cheongju Maebong (1,849 units) in Seowon-gu, Cheongju, Gyeongnam Hillstate Changwon The First (1,779 units), Gwangju The First Desian (565 units), and Sinchang Yutap River City (304 units) are preparing for occupancy.
An official from Zigbang noted, "The impact of the June 27 measures is still affecting the new apartment occupancy market. With the housing mortgage limit set at 600 million won, and tenant loans unavailable before the transfer of ownership, homebuyers' financial plans are taking a direct hit," adding, "In particular, homebuyers planning to cover their final payment with the deposit from tenants are now in a situation where they must revise their plans. Some are looking to lower the deposit amounts or switch to monthly rent to facilitate cash inflow."
He added, "The regulatory impact is also affecting the allocation and occupancy rights market," noting that the inability to cover the final payment with the tenant's deposit at the time of occupancy is interpreted as dampening demand for newly built purchases.