The so-called "seriously unsold" supply of dwellings after completion surpassed 26,000 units last month.
According to the Ministry of Land, Infrastructure and Transport's "April housing statistics" on the 30th, the number of seriously unsold dwellings nationwide was 26,422 units, a 5.2% increase compared to the previous month.
In non-capital areas, the number exceeded 20,000 units, with the seriously unsold dwellings in regions outside the capital increasing by 6.6% to 21,897 units compared to the previous month.
In Seoul, the number of seriously unsold dwellings increased by 0.3%, and overall in the metropolitan area, it rose by 1.1%.
However, the total number of unsold dwellings nationwide at the end of April was 67,793 units, a 1.6% decrease from the previous month. In the metropolitan area, the unsold dwellings amounted to 15,905 units, down 3.8% from the previous month. In the regions, the figure was 51,888 units, reflecting a 1.0% decrease.
By the size of the unsold dwellings, those exceeding 85㎡ numbered 10,058 units, a 3.5% decrease compared to the previous month. During the same period, the number of unsold dwellings under 85㎡ was 57,735 units, down 1.3%.
The overall housing transactions at the end of April decreased. The volume of housing sales last month was 65,421 transactions, a 2.7% decrease from the previous month. In the metropolitan area, the decline was 4.9% to 33,820 transactions, while regions saw a 0.3% decrease to 31,601 transactions.
The rental market also showed signs of stagnation. Last month, the transaction volume for leases in the metropolitan area was 155,049 cases, a 3.3% decrease from the previous month. Regions also saw a decline to 73,482 cases, down 6.6%.
The sales market saw significant improvement. The number of housing sales (approvals) in April reached 20,214 units, a 133.8% increase compared to the previous month. In the metropolitan area, 16,628 units were sold, marking a substantial increase of 606.1% from the previous month. In contrast, regions experienced a decrease of 43.0%, with 3,586 units sold.
The nationwide housing construction performance in April was recorded at 25,044 units, an 81.8% increase from the previous month, but the cumulative construction from January to April was 59,065 units, a 33.8% decrease compared to the same period last year. The construction volume in the metropolitan area was 18,352 units, a 97.9% increase from the previous month. In the regions, construction of 6,692 units was completed, reflecting a 48.6% increase.
Permits nationwide showed a decrease. The total number of permits was 24,026 units, a 22.6% decline from the previous month. Housing permits in the metropolitan area totaled 14,261 units, down 5.8% compared to the previous month, and in the regions, there were also 9,765 units, a 38.5% decrease.