View of Seoul Apartment / Reporter Jeong Yeon-woo
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 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 been disappearing at a rapid pace, with a decrease of about 80% within a year.
According to 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 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 for a while in the second half of the year.
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.