Unsold apartments plunge as preference for new apartments in’Tal Seoul’
Yangju 335 → 42 households in one year… Gapyeong 191→12 households
Anseong, Hwaseong, Pyeongtaek, etc. are also exhausted rapidly
Reporter Kang Se-hoon = It was found that the number of unsold houses in the metropolitan area is rapidly decreasing as the trend of’post-Seoul’ due to high house prices in Seoul and the phenomenon of preference for new apartments are combined. Recently, unsold houses in the outskirts of the metropolitan area, such as Yangju, Anseong, Pyeongtaek, Hwaseong, and Gapyeong, have declined by 80% within a year, and are disappearing at a rapid pace.
According to Nuri statistics from the Ministry of Land, Infrastructure and Transport on the 13th, the number of unsold houses in the metropolitan area as of the end of December of last year was 2131 units, a 65.6% decrease from 6202 units in December 2019.
Since the beginning of last year, the amount of unsold items that was quickly exhausted from the beginning of the year has slowed down for a while in the second half of the year and then turned back to decline starting in September, and by the end of the year, it has decreased to 2,100 households.
The number of unsold houses in Seoul decreased 67.5% from 151 households to 49 households during the same period, and in Gyeonggi-do, 68.2% decreased from 5085 households to 1616 households.
Unsold housing is a measure of the atmosphere of the pre-sale market and the housing market, and exhaustion of unsold housing means that demand for housing is rapidly increasing.
Despite the government’s strict regulatory policy, it is interpreted that the interest in unsold apartments has increased, especially among the younger generations, due to the continuously rising apartment prices.
In particular, in recent years, unsold sales have been exhausted rapidly to the outskirts of the metropolitan area, indicating active buying sentiment. Experts analyze that as apartment prices in Seoul soar and competition in the subscription market heats up, more and more consumers are seeking to buy unsold houses outside the metropolitan area as an alternative.
According to data on the status of unsold houses in Gyeonggi-do, the amount of unsold houses in Yangju, Anseong, Pyeongtaek, Hwaseong, and Gapyeong decreased by 68-93% in one year.
Yangju unsold homes reached 335 at the end of 2019, but at the end of last year, 42 homes decreased by 87.4%, and Gapyeong unsold homes also fell 93.7% from 191 to 12.
Anseong 72.3% (967 → 267 households), Pyeongtaek 68.5% (927 → 292 households), Hwaseong 78.8% (500 → 106 households), and Uijeongbu 81.1% (345 → 65 households) also found that unsold houses were quickly exhausted.
An official from the pre-sale industry said, “As buying sentiment is spreading around the younger generation, unsold homes seem to be rapidly exhausting.” The situation where interest in is increasing,” he explained.
In fact, according to the Korea Housing Association, the average initial sale rate of private apartments in the metropolitan area as of the third quarter of last year was 99%, up 4.7 percentage points from the same period last year. Among them, Seoul and Gyeonggi recorded 100%, and Incheon recorded 97.6%.
‘Yangpyeong Damun District Bando Yubora Ivy Park’, which was sold in the whole area of Yangpyeong-gun, Gyeonggi-do in December of last year, drew attention by completing the entire furniture contract in 5 days. It is unusual for apartments sold in Yangpyeong to be sold out in such a short period of time.
In addition,’Hillstate Uijeongbu Station’ sold in Uijeongbu City, Gyeonggi-do in August last year, was also signed by all households during the three-day party contract and the preliminary winner contract.
An official from the pre-sale industry said, “In the past, consumers were concentrated in Seoul. Recently, demand has moved to the outskirts of the metropolitan area.
The supply of new apartments is also increasing in these areas, with a warm wind blowing in the pre-sale market outside the metropolitan area.
On the 9th, Hyundai E&C started to sell’Hillstate Yongin Dunjeon Station’ in the whole area of Gorim-dong, Cheoin-gu, Yongin-si, Gyeonggi-do.
‘EPyunhansesang Gapyeong First One’, which DL E&C (formerly Daelim Industrial) in charge of construction, is also being sold in Daegok-ri, Gapyeong-eup, Gapyeong-gun, Gyeonggi-do.
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