Sharp Drop in Seoul Metropolitan Area Move-in Supply: Will It Affect Jeonse Listings?

Next month, the number of apartments scheduled for move-in in the Seoul metropolitan area will decrease to about 4,000 households.

According to real estate platform Zigbang, the nationwide apartment move-in supply for next month is tallied at 11,559 households, a 30 percent decrease from this month.

In particular, the Seoul metropolitan area will see a 49 percent drop, falling from 7,924 households this month to 4,031 households next month.

Seoul will account for a mere 488 households across three complexes, while Incheon has no scheduled move-ins.

On the other hand, Gyeonggi Province has around 3,500 households gearing up for move-in, centered around the semiconductor belt including Pyeongtaek, Icheon, and Yongin.

Those interested in real estate should pay attention to how this supply reduction will impact jeonse (lump-sum housing deposit lease) listings.
※ Please note: This article was translated by AI and may contain errors.