The number of new households nationwide in the new year of 2025 is expected to be only 230,074 households, down about 30% from this year.
According to real estate big data Real Estate R114, the occupancy volume, which exceeded 300,000 households for two consecutive years, including 308,299 households in 2023 and 325,367 households this year, will rapidly decrease to the low 200,000 households in the new year of 2025.
Among metropolitan cities and provinces, the decline in Sejong City was the largest, with 3,616 households moving in this year, but the number of households moving in for the new year is only 876.
Following Sejong City, Daegu Metropolitan City’s occupancy volume is 11,334 households, a 53.4% decrease from this year, and Chungcheongnam-do and Gyeongsangbuk-do will also see a decrease in occupancy volume for the new year by about 46% compared to this year.
In South Chungcheong Province, Cheonan has 4,875 households, a 50.2% decrease from this year. In particular, in Cheonan, the number of occupancies is expected to decrease further to below 1,000 households next year.
Recently, in the real estate market, interest from consumers in new apartments has been so high that a new term has been coined, ‘new construction even if it freezes to death’.
In fact, according to Zigbang, in Seoul, the selling price per 3.3㎡ of apartments completed within 5 years of completion was 1.4 times higher than that of apartments completed more than 5 years ago, while Gyeonggi and Incheon also showed differences of 1.29 and 1.42 times, respectively.
This phenomenon may further intensify next year, especially in regions where the number of new residents is decreasing.
An industry official said, “If the number of occupancy decreases, the price of new apartments is likely to move due to demand for replacement with new construction. “In the end, competition in the sales market may become more intense with those trying to occupy complexes in good locations first.”
Among these, the supply of new sales complexes is expected to start in December at the end of the year.
First, attention is focused on the area of Sindujeong District, Cheonan-si, South Chungcheong Province, as ‘Cheonan Dujeong Station Yangwoonaeanae First Road’ is scheduled to be sold in December. Cheonan Dujeong Station Yangwoonae Annae First is located in the area of 393-11 Dujeong-dong, Cheonan-si, Chungcheongnam-do, and is constructed with 2 underground floors and the highest 29 floors above ground, 6 buildings, 64·84㎡ for exclusive use, and a total of 416 households. The Sindujeong district in northwest Cheonan, where the complex will be built, was once filled with factories, but as a residential area with approximately 10,000 households is being developed on a site of approximately 940,000 m2, it is emerging as an emerging residential area representing Cheonan. As urban development continues along with the infrastructure of the old city center that has already been formed, residential preference is highly evaluated.
In Sejong Special Self-Governing City, ‘Yangwoo Naeanae Aspen’ built by Yangwoo Construction is scheduled to be sold in December. In Sejong Special Self-Governing City, it is the first new supply complex in two years and will be built with a total of 698 households in a single structure with 2 underground floors and the highest 18 floors above ground, 18 buildings, and an exclusive area of 84㎡. The barrier to entry is low as subscriptions are available nationwide, and the application of the pre-sale price cap system is expected to ensure price competitiveness.
In Daegu, Taeyoung Construction plans to sell ‘The Palest Desian’ in December. It is a complex supplied through the Sincheon-dong East Bus Stop development project and is supplied to the entire area of Sincheon-dong, Dong-gu, Daegu Metropolitan City. The complex will be constructed with 3 underground floors and 20 floors above ground, 8 buildings, 418 apartments of 100~117㎡ for exclusive use, and 32 officetels of 97㎡109㎡ for exclusive use.
GS E&C is supplying ‘Asan Tangjeong Xi First City’ in Tangjeong-myeon, Asan-si, Chungcheongnam-do. A total of 3,673 households will be built in 3 blocks (A1, A2, and A3). This month, A1 Block, 2 underground floors to 35 above-ground floors, 6 buildings, and 797 households will be introduced first. The first batch of subscriptions will be accepted on December 20th, and the A2 and 3 blocks will then be sold sequentially.
Hwang So-young, Donga.com reporter [email protected]
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