Around 50,000 Apartment Units Slated for Move-in in Seoul Over Next Two Years Until First Half of 2028

Apartment move-in volumes in Seoul are projected to reach around 50,000 units over the next two years.

According to the joint housing supply projection data released today (the 31st) by the Korea Real Estate Board and Real Estate 114, a total of 425,412 apartment units are expected to be ready for occupancy nationwide over the two-year period from July of this year to June 2028.

This projection was calculated based on housing construction performance, resident recruitment notices, and redevelopment project progress data held by the Korea Real Estate Board and Real Estate 114.

In the greater Seoul area, Seoul is projected to see a total of 49,668 units move in, with 18,994 units in the second half of this year, 22,428 units next year, and 8,246 units in the first half of 2028.

Gyeonggi Province (151,343 units) is expected to see 29,036 units in the second half of this year, 83,187 units next year, and 39,120 units in the first half of 2028, while Incheon will see 40,088 units move in over the two-year period.

Among metropolitan cities, projected move-in volumes over the two years are 27,832 units for Busan, 5,377 units for Daegu, 14,515 units for Gwangju, 21,602 units for Daejeon, and 14,208 units for Ulsan.

Sejong City will see 1,122 units move in during the first half of 2028 alone.

In provincial areas, expected move-in volumes are 10,507 units for Gangwon Province, 18,935 units for North Chungcheong Province, 25,840 units for South Chungcheong Province, 10,439 units for North Jeolla Province, 12,061 units for South Jeolla Province, 9,819 units for North Gyeongsang Province, 7,624 units for South Gyeongsang Province, and 4,432 units for Jeju.

These estimates do not reflect changes that have occurred since June of this year, which served as the base period.

The projections are subject to change due to factors such as rescheduled move-in dates for individual complexes or post-completion sales.

Detailed information can be found on the Korea Real Estate Board's Real Estate Statistics Information System R-ONE (www.reb.or.kr/r-one), Korea Real Estate Board's Apply Home (www.applyhome.co.kr), and the Public Data Portal (www.data.go.kr).

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.