“The unlease rate of small countertops is higher… Needs customized supply”
It was found that the ‘long-term non-rental rate’, which is the ratio of unrented housing for more than six months, has nearly tripled in the past five years.
According to data submitted by the Korea Land and Housing Corporation (LH) by Representative Hong Ki-won (Pyeongtaek-gap) of the National Assembly Land Transport Committee on the 29th, the long-term unrented rate of public rental housing reached 3.5% as of the end of June this year.
This is almost three times higher than the 1.2% in 2018, five years ago.
The long-term unrented rate of public rental housing is increasing every year, from 1.6% in 2019, 2.3% in 2020, and 3.1% last year.
As a result of analyzing the top 5 complexes with the highest long-term non-rental rate among public rental housing complexes with more than 100 units, the long-term non-rental rate was higher in areas with a small exclusive area.
In Yeongam Yongang 3 (Happy House), Jeollanam-do, the unrented rate was only 1.5% for an exclusive area of 10 pyeong (36.27 m²), but 40.5% for 6.4 pyeong (21.28 m²) and 75.0% for 7.9 pyeong (26.39 m²). .
In Gunsan new station area, Jeollabuk-do, A-2BL (National Rental), the long-term unrented rate of 14 pyeong (46.28 m²) with an exclusive area was 19.2%, while that of 10 pyeong (33.60 m2) was 46.6%.
The long-term unrented ratio of Happy Houses, which is mostly supplied with small pyeongs with an exclusive area of less than 40m2, was also higher than other types, from 4.4% in 2017 to 8.7% last year and 9.1% in June this year.
Rep. Hong emphasized, “What home buyers want is not mechanical supply,” and emphasized that “a ‘demand tailored’ housing supply that accurately analyzes the cause of non-rental is necessary.”
/yunhap news