[Myung Sub Byun's Space] Seoul Apartments Remain Perpetually Expensive
Seoul apartment prices remain persistently high, with even high-income earners struggling to buy amid limited supply, tight lending, and surging demand in prime districts.
South Korea will see over 11,600 new apartment units offered for sale this month, but general sale supply is set to decline 9% year-on-year, with most new supply concentrated in the Seoul metropolitan area.
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Over 11,600 Apartment Units Set for Sale Nationwide This Month—General Sales Volume Declines
South Korea will see over 11,600 new apartment units offered for sale this month, but general sale supply is set to decline 9% year-on-year, with most new supply concentrated in the Seoul metropolitan area.
Seoul's new apartment supply is set to plunge 48% in 2025, with nationwide figures also dropping sharply, signaling a significant contraction in South Korea's housing market pipeline.
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GS Engineering & Construction's Xi Tops Nationwide Apartment Supply in 2024
GS Engineering & Construction's Xi brand leads South Korea's 2024 apartment supply, accounting for 10% of new units, with flagship complexes setting record prices in key regions.
Seoul Apartment Groundbreakings Remain Flat This Year—Supply Shortage Persists
Seoul’s apartment construction starts remained flat through October, signaling a prolonged supply shortage as experts warn of continued housing constraints and urge policy action.
South Korea's nationwide apartment supply is set to nearly double in October to 38,000 units, led by major launches in Seoul and the metropolitan area, as construction firms accelerate to meet robust demand during the autumn peak season.
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October Nationwide Apartment Supply to Surge 99% to 38,000 Units—'Arc Road Seocho' Launch Anticipated
South Korea's nationwide apartment supply is set to nearly double in October to 38,000 units, led by major launches in Seoul and the metropolitan area, as construction firms accelerate to meet robust demand during the autumn peak season.
South Korea’s nationwide apartment supply in October will remain steady at over 10,000 units, but the Greater Seoul area will see a sharp 80% month-on-month drop to just 1,128 units—the lowest in a decade—while Seoul itself will add only 46 units, highlighting a significant regional disparity in new housing supply.
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October Apartment Supply in Greater Seoul Drops to 1,128 Units—Lowest in a Decade
South Korea’s nationwide apartment supply in October will remain steady at over 10,000 units, but the Greater Seoul area will see a sharp 80% month-on-month drop to just 1,128 units—the lowest in a decade—while Seoul itself will add only 46 units, highlighting a significant regional disparity in new housing supply.
Seoul Metropolitan Area Apartment Supply to Drop 20% in 2025, Hitting 110,000 Units
South Korea's Seoul metropolitan area is set to see new apartment supply fall 20% to 110,000 units in 2025, with the nationwide total also dropping sharply, signaling a continued supply gap in the housing market.
South Korea will see its largest monthly apartment supply of 2025 in September, with 25,000 units in the Greater Seoul area and nearly 39,000 nationwide, led by major redevelopment projects in Gyeonggi and Busan.
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25,000 Apartments to Be Released in Greater Seoul Area in September
South Korea will see its largest monthly apartment supply of 2025 in September, with 25,000 units in the Greater Seoul area and nearly 39,000 nationwide, led by major redevelopment projects in Gyeonggi and Busan.
September Apartment Supply in Greater Seoul Drops 41% to 5,700 Units
Apartment supply in the Seoul metropolitan area is set to fall 41% in September, with nationwide move-ins down 33% amid tighter lending rules and policy changes.
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