In August, a total of 14,342 apartments will be available for move-in across the country, a slight increase from the same month last year. The Banpo Raemian Trinion complex in Seocho District is expected to contribute significantly to the highest number of move-ins in Seoul this year.
According to a report from Zigbang on July 27, the nationwide apartment move-in figure for August is projected at 14,342 units, marking a 3.4% increase from 13,867 units in the same month last year, and similar to the previous month’s total of 14,400 units.
Regionally, the metropolitan area will account for 8,924 units, while local areas will see 5,418 units, with the metropolitan area representing approximately 62% of the total move-ins. Although the number of move-ins in the metropolitan area has slightly decreased from 9,172 units the previous month, Seoul is set to experience its highest monthly move-in total this year.
In Seoul, six complexes will see a total of 3,540 units available for move-in. This includes 2,091 units at the Banpo Raemian Trinion in Banpo-dong, 577 units at the Magok District 17 complex in Gangseo District, 488 units at the Hillstate Mapo the First in Mapo District, 260 units at the Elif Mia Station Complex 1 and 2 in Gangbuk District, and 124 units at the Dongjak Boramae Station Precent in Dongjak District.
Notably, the Banpo Raemian Trinion is expected to account for more than half of the total move-ins in Seoul, driving the increase in supply. However, analysts caution that the rise in move-ins in Seoul is largely influenced by this specific large complex, which may limit the interpretation of a broader trend in supply across the city.
Additionally, the Magok District 17 complex in Gangseo is a land lease housing project that recorded an average competition rate of 125 to 1 during its initial application in March. Earlier, President Lee Jae-myung expressed support for the concept of land lease housing at a real estate forum on July 23, but he also pointed out issues regarding the price differences between these units and general sale housing after resale.
In Gyeonggi Province, a total of 5,384 units will be available for move-in, with Pyeongtaek City leading with 2,230 units, followed by Suwon City with 2,178 units, Icheon City with 558 units, and Paju City with 418 units. In Pyeongtaek, the Brain City Daekwang Rozeviang Moaelga (1,700 units) and the Pyeongtaek Goduk International New Town A48 Block Yemi Ji (431 units) will be available, while in Suwon, the Maegyo Station Palusid (2,178 units) will begin move-ins.
In local areas, a total of 5,418 units will be available, primarily in Chungnam and Gangwon provinces. By region, there will be 2,059 units in Chungnam, 1,668 units in Gangwon, 695 units in Gwangju, 602 units in Chungbuk, and 394 units in Ulsan.
In Chungnam, the Tangjeong Prugio River Park (1,626 units) and Nonsan Prugio the First (433 units) will be available. In Gangwon, the Chuncheon Lake City I-Park (874 units) and Gangneung Ocean City I-Park (794 units) will be supplied. Additionally, in Gwangju, the We Park the Central (695 units), in Cheongju, Chungbuk, the Harrington Place Technopolis (602 units), and in Ulsan, the Okdong Gyeongnam Honorsville UBC (320 units) and Centum El Casa (74 units) will be available for move-in.
Zigbang noted that while the overall move-in volume is similar to the previous month, regional disparities will likely lead to varied impacts on the market. In particular, the move-ins at the Banpo complex in Seoul may influence the nearby rental market and the flow of listings, warranting close observation of related market changes.
Meanwhile, the market continues to monitor the government's ongoing tax reform initiatives. However, as specific reform plans have yet to be finalized, analysts suggest that a wait-and-see approach may persist until the final details are disclosed.
* This article has been translated by AI.
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