Seoul Housing Supply Drops Sharply in January—Construction Starts Plunge 63%
Seoul's housing supply indicators saw a sharp downturn in January, with construction starts plunging 63% year-on-year, while permits and completions also declined significantly, according to government data.
Seoul's housing supply in December 2025 plunged 56.5% year-on-year to just 435 units, with annual figures and nationwide completions also sharply down, highlighting a significant contraction in South Korea's residential property market.
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Seoul Housing Supply Plunges 56.5% in December to Just 435 Units
Seoul's housing supply in December 2025 plunged 56.5% year-on-year to just 435 units, with annual figures and nationwide completions also sharply down, highlighting a significant contraction in South Korea's residential property market.
Korea Housing Builders Association chief Kim Sung-eun warns that prolonged housing market weakness is pushing regional construction firms toward crisis, urging urgent tax relief and regulatory easing to address mounting unsold home inventories and rising bankruptcy risks.
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Housing Builders Association Chief Warns of Crisis for Regional Construction Firms—Calls for Urgent Tax Relief on Unsold Homes
Korea Housing Builders Association chief Kim Sung-eun warns that prolonged housing market weakness is pushing regional construction firms toward crisis, urging urgent tax relief and regulatory easing to address mounting unsold home inventories and rising bankruptcy risks.
The number of unsold homes in Seoul after construction completion reached a 12-year high in September, driven by small-unit apartments in Gangdong-gu and Gangseo-gu, but analysts expect limited impact on the broader housing market due to the relatively low volume.
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Seoul's 'Post-Completion Unsold Homes' Hit 12-Year High—Market Impact Remains Limited
The number of unsold homes in Seoul after construction completion reached a 12-year high in September, driven by small-unit apartments in Gangdong-gu and Gangseo-gu, but analysts expect limited impact on the broader housing market due to the relatively low volume.
The Bank of Korea has warned that short-term construction stimulus could worsen structural problems such as financial imbalances, citing rising unsold homes, demographic shifts, and project financing risks as key challenges for sustainable economic growth.
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Bank of Korea Warns Short-Term Construction Stimulus Could Deepen Structural Issues Such as Financial Imbalances
The Bank of Korea has warned that short-term construction stimulus could worsen structural problems such as financial imbalances, citing rising unsold homes, demographic shifts, and project financing risks as key challenges for sustainable economic growth.
South Korea's Seoul metropolitan area saw home sales surge 50% year-on-year in June to nearly 43,000 transactions, led by robust demand in Seoul, while rental and unsold housing data showed diverging trends across regions and property types.
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'Up 50% from Last Year'—Seoul Metropolitan Area Home Sales Reach 43,000 in June
South Korea's Seoul metropolitan area saw home sales surge 50% year-on-year in June to nearly 43,000 transactions, led by robust demand in Seoul, while rental and unsold housing data showed diverging trends across regions and property types.
South Korea’s unsold housing stock has quadrupled in three years, but government purchase prices remain below 2011 levels, prompting calls for urgent policy reform to reflect market realities and support regional construction firms.
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Purchase Price for Unsold Homes Lower Than 14 Years Ago—Calls Grow for Realistic Valuation
South Korea’s unsold housing stock has quadrupled in three years, but government purchase prices remain below 2011 levels, prompting calls for urgent policy reform to reflect market realities and support regional construction firms.
Housing Transactions Rise 9.2% Year-on-Year in May—Unsold Completed Homes Increase for 22nd Consecutive Month
South Korea's housing transactions rose 9.2% year-on-year in May, but new supply indicators weakened sharply, with unsold completed homes climbing for the 22nd straight month.
[2nd Supplementary Budget] Government to Purchase 10,000 Unsold Homes Under Repurchase Agreement
South Korea will purchase 10,000 unsold homes under a repurchase agreement, inject 2.7 trillion won ($1.9 billion) to boost regional construction, and launch new PF support and REITs to stabilize the real estate market.
LH to Purchase Unsold Homes After 15 Years - How Effective Will It Be?
Government reintroduces policy to purchase unsold homes through LH after 15 years, aiming to address regional housing market issues amid concerns over effectiveness and market impact.
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