Last month, the supply of private apartments increased by more than double compared to the previous month, and the competition ratio for first-round subscription also rose.
According to the April 13 report from Real House, a company specializing in sales evaluations, the nationwide apartment sales volume in April was counted at 13,262 units. This is a 134% increase compared to March. It was more than the total supply volume for the first quarter (January to March) at 12,857 units.
The increase in the supply volume in April was mainly due to the increase in supply in the metropolitan area. In the Gyeonggi area, active private supply occurred, including 548 units of Doosan's Doosan We’ve the Zenith near Pangyo station, 1,804 units of Yongin Prugio One Cluster Phase 2, 239 units of Phase 3, and 466 units of Jeil Pungkyungchae in Uiwang. In Incheon, large complexes such as City O'Ceil Phase 7 (1,453 units) and Harrington Square at Sangok station (1,248 units) have also recorded a high supply volume. Outside the metropolitan area, Busan showed the highest supply volume with 1,056 units, followed by Chungbuk with 576 units and Gyeongbuk with 418 units.
The national first-round subscription competition ratio also slightly increased to an average of 14.97 to 1, compared to 13.95 to 1 in March. Real House analyzed that this reflects the hope that the subscription market would revive as the impeachment situation has subsided.
By region, Seoul recorded the highest competition ratio at 109.17 to 1. Following that, Jeonbuk was at 42.3 to 1, and Chungbuk also recorded a high competition ratio of 34.46 to 1, showing a heated subscription enthusiasm.
Looking at the first-round subscription competition ratios for the April sales complexes, a clear polarization phenomenon is observed depending on the location and brand value. The complex that recorded a high competition ratio is Cheongju Technopolis Atera Phase 2 (A7BL), which achieved a triple-digit competition ratio of 109.7 to 1, while Taehwa River Epitt and Jeil Pungkyungchae Uiwang, subject to the sales price cap, each showed a high competition ratio of 44.4 to 1 and 21.6 to 1. In Seoul, Cheonggye Norway Forest recorded a favorable performance with 16.9 to 1.
On the other hand, complexes in Busan such as Yongin Prugio Premier (0.07 to 1), Yongin Prugio One Cluster Phase 2 (0.27 to 1), and Hillstate Yongin Mark Valley (0.34 to 1) showed low competition ratios of less than 1 to 1. However, the competition ratios in local metropolitan cities such as Busan (1.75 to 1) and Daegu (2.24 to 1) rose by 8.7% and 4.7%, respectively, indicating signs of recovery. Outside the metropolitan area, Seongseong JAI Lake Park performed well with a competition ratio of 1.63 to 1.
In April, the average sale price for nationwide apartments with an exclusive area of 84 square meters was 664.5 million won, an increase of 5.8% compared to the same period last year. By region, Seoul had the highest price at 1.64229 billion won, followed by Jeju at 898 million won, Busan at 833.36 million won, and Gyeonggi at 813.04 million won.