Nationwide Apartment Completions to Increase by 46%, Marked Growth in the Capital Region
Lower Occupancy Rates Possible Due to Market Observing Trend… “Decreased Transactions, Delayed Sales”,
An apartment complex is seen from Namsan in Seoul. 2025.2.21/News1 ⓒ News1 Jang Soo-young,
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, “(Seoul=News1) Reporter Jeon Joon-woo = The housing units ready for occupancy in the capital region are expected to triple compared to the previous month in March, with 14,395 units set for occupancy.”,
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, “According to real estate platform ‘Zigbang’ on the 24th, the total number of apartment homes slated for occupancy across the nation in March is 26,142 units, 46% more than the previous month. There are 42 individual complexes, the highest number this year.”,
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, “Regionally, the increase in the capital region’s occupancy volume is pronounced. In March, all areas—Seoul, Gyeonggi, and Incheon—will see a rise in occupancy, with 14,395 units starting to be occupied, more than three times the 4,293 units in the previous month.”,
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, “In Seoul (4,666 units), five development-completed complexes in areas such as Seongbuk-gu and Gwangjin-gu will start occupancy. In Gyeonggi (7,492 units), occupancy will center around the southern regions such as Suwon, Osan, and Yongin. In Incheon (2,237 units), three complexes will open in the Songdo area.”,
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, “Seongbuk-gu’s Jangwi Jairedient, redeveloped from the Jangwi 4 zone, will be the largest complex to begin occupancy in March, with 2,840 units. Recent negotiations over construction costs have been settled, allowing occupancy to proceed as scheduled. Other developments include Lotte Castle East Pole with 1,063 units in Jayang-dong, Gwangjin-gu, and The Shop Loubain with 327 units in Jamsil-dong, Songpa-gu.”,
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, “While the supply is set to increase significantly in the capital region, the overall mood of the market remains cautious, suggesting a somewhat quiet occupancy market.”,
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, “A representative from Zigbang stated, ‘There is a high possibility of lower occupancy rates due to decreased apartment transactions and delayed sales of existing homes. Depending on the speed of short-term supply absorption, there could be adjustments in the rental market regionally.’\n”]