Approximately seven out of ten apartments in Seoul have less than 1.2 parking spaces per unit. As car ownership becomes more common, parking availability is emerging as a key competitive factor for new apartments.
On August 12, Real Estate Info analyzed data from 3,022 publicly managed apartment complexes in Seoul. The analysis revealed that 2,094 complexes, or 69.3%, have fewer than 1.2 parking spaces per unit.
Moreover, 1,131 complexes, accounting for 37.4% of the total, have less than one parking space per unit. This indicates that in about four out of ten Seoul apartments, there may not be enough parking if every household owns a vehicle.
The average number of parking spaces per unit across all analyzed complexes was approximately 1.04. Considering households with two vehicles and visitor parking needs, the overall parking situation is quite tight.
By district, the proportion of complexes with fewer than 1.2 parking spaces per unit was highest in Seongdong-gu at 75.6%, followed by Dongdaemun-gu at 73.0%, Seodaemun-gu at 70.0%, Mapo-gu at 66.7%, and Jung-gu at 61.0%.
Newly constructed complexes are not exempt from this trend. Among 297 complexes that received occupancy approval since 2020, 254, or 85.5%, have fewer than 1.5 parking spaces per unit.
Industry experts note that parking space is a challenging aspect to improve after residents move in. Creating additional underground parking requires significant costs and structural changes, leading more buyers to check the number of parking spaces per unit from the sales stage.
As the demand for dedicated spaces for electric vehicle charging and accessible parking for people with disabilities increases, the shortage of general parking spaces that residents experience may worsen.
In this context, Ssangyong Construction plans to launch sales for 'Ssangyong The Platinum Seodaemun' in Hong-eun-dong, Seodaemun-gu, this month.
The complex will consist of three buildings with 177 units, spanning four underground floors and 20 above ground. Notably, it will offer approximately 1.63 parking spaces per unit, with 62 units of 59 and 84 square meters available for general sale.
Each unit will also include a private storage space. The interior will feature a four-bay flat structure, pantry, powder room, and dressing room, along with community facilities such as a fitness club, GX room, reading café, and golf practice area.
* This article has been translated by AI.
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