Some 49,000 Households to Move In Between August and October

According to the Ministry of Land, Infrastructure and Transport, the number of apartments scheduled for occupancy in the Seoul metropolitan area from August to October 2019 (a three-month period) was tallied at 49,217 households (including union-supply volume), a 16.2% increase compared with the five-year average (42,000 households) but a 24.6% decrease compared with the same period of the previous year (65,000 households). In Seoul, the figure was surveyed at 15,404 households, a 74.5% increase over the five-year average (9,000 households) and a 37.7% increase over the same period of the previous year (11,000 households).

Nationwide, however, owing to factors such as the decline in permit volume since 2015, regional industrial stagnation, and the accumulation of new supply, the figure was surveyed at 84,752 households, an 8.7% decrease compared with the five-year average (93,000 households) and a 31.1% decrease compared with the same period of the previous year (123,000 households).

Looking at the detailed occupancy volumes, in the Seoul metropolitan area there were 21,064 households in August 2019, including Pyeongtaek Sinchon (2,803 households) and Goyang Janghang (2,038 households); 19,957 households in September 2019, including Gangdong Godeok (4,932 households) and Seongbuk Jangwi (1,562 households); and 8,196 households in October 2019, including Yongin Giheung (1,345 households) and Mapo Daeheung (1,248 households). In provincial areas, the survey found that 11,098 households would move in during August 2019, including Suncheon Sindae (1,464 households) and Busan Dongnae (1,384); 11,247 households in September 2019, including Sejong City (2,252 households) and Cheongju Heungdeok (1,495 households); and 13,190 households in October 2019, including Chungju Hoam (2,176 households) and Gyeongnam Yangsan (1,240 households).

By housing size, there were 27,601 households of 60㎡ or less, 51,409 households of 60–85㎡, and 5,742 households exceeding 85㎡, with small- and medium-sized housing of 85㎡ or less accounting for 93.2% of the total, indicating a large occupancy volume of small- and medium-sized housing. By provider, the survey found 67,394 private-sector households and 17,358 public-sector households.