Nearly 20,000 apartment units will go on sale nationwide next month. The supply is expected to increase by more than 70% from the same period a year earlier.
According to ZIGBANG CO. on the 27th, the total number of apartment units slated for sale nationwide in May came to 19,278. That is an increase of about 76% from a year earlier (10,968 units). General sales also rose about 86%, from 8,344 units to 15,495.
The April presales market is expected to record results exceeding the planned supply. While 40,380 units had been planned for April, actual supply is estimated at 42,594 units, or about 105% of plan. General sales are also expected to be tallied at 101% of plan.
The increase in April results appears to reflect some of the planned March supply being carried over into April, as well as business sites that had yet to set schedules concentrating timelines at the end of April, expanding the month's supply. However, these figures are estimates compiled as of Apr. 23 and partially reflect the remaining April schedule, so they may differ from the final results.
The planned May supply decreased from the previous month, but remains at a high level compared with a year earlier. After the concentration of supply in April, schedule adjustments reduced volumes, but overall the expanded supply trend compared with last year is being maintained.
By region, May presales show a concentration in the greater Seoul area. The greater Seoul area accounts for 14,330 units, or about 74% of the total, a higher share than non-capital regions (4,948 units).
Gyeonggi Province has the largest planned volume at 6,930 units, followed by Incheon with 3,954 and Seoul with 3,446. In the greater Seoul area, supply continues in a mixed structure of housing sites and new supply alongside redevelopment projects.
In Seoul, large general presales centered on redevelopment projects are planned, including Summit The Hill in Heukseok-dong, Dongjak District (1,515 units), and Jangwi Prugio Mark One in Jangwi-dong, Seongbuk District (1,931 units).
In Gyeonggi, supply will continue to focus on public housing sites and new towns, including Wangsuk 2 District A1 in Namyangju (812 units), Seongnam Nakseong District A1 in Bundang District, Seongnam (1,400 units), and Dongtan 2 New Town Block C27 in Hwaseong (473 units). In addition, in Godeok, Pyeongtaek, multiple business sites are set to launch sales, including Hillstate Godeok Ellist (Blocks A31, A34, A35) and Umi-Lynn Prestige, concentrating supply.
In Incheon, supply is planned for The Sharp Geomdan Lake Park in Seo District (Blocks AB22 and AB23, totaling more than 2,800 units) and Hillstate Guwol Art Park in Namdong District (496 units).
In non-capital regions, some supply is planned mainly in South Gyeongsang, Busan, and South Chungcheong. In South Gyeongsang, sales are set to begin for Geoje Prugio Marine Peace in Geoje (423 units), Hillstate Foretna Jinju in Jinju (1,032 units), and Hillstate Yangsan The Sky in Yangsan (598 units). In Busan, Doosan We've Triniview Gumyung Station (839 units) and Altiero Gwang-an (366 units) are slated for supply. In South Chungcheong, Gongju Wolsong Jina Rehi in Gongju (811 units) is planned.