75,438 nationwide as of February
Total 83.3% still focus on fat
Slowing growth… ‘Malignant’ volume soars
The government is “not at the level to intervene”
In February, the number of unsold homes nationwide exceeded 75,000 for the second consecutive month following the previous month. Although the increase in unsold units has slowed somewhat, the number of unsold units following the completion of construction, which is called ‘malignant unsold units’, has increased significantly.
According to the ‘February Housing Statistics’ released by the Ministry of Land, Infrastructure and Transport on the 30th, the number of unsold apartments nationwide was 75,438, up 0.1% (79 households) from the previous month (75,359 households). Unlike the past, when the number of unsold units temporarily increased following a certain period of time, the number of unsold units has been on the rise for 9 consecutive months since May of last year (27,000 households). Although the number of unsold units in the provinces has decreased slightly, 83.3% of the unsold units are still concentrated in the provinces. In particular, Daegu still has the most unsold units in the province with 13,987 households.
The number of unsold units in the metropolitan area was 12,541, up 13.4% (1,008 units) from the previous month (12,257 units), and the number of unsold units in the provinces was 62,897 units, down 0.3% (205 units) from the previous month (63,102 units). However, provinces are still crossing the risk line of unsold units (62,000 households).
In the metropolitan area, especially in Seoul, the number of unsold homes increased by 110.7% (1103 households) to 2099 from the previous month (996 households). However, this includes unsold stocks in February such as Dunchon Jugong Reconstruction (Olympic Park Foreon) in Gangdong-gu, Seoul, and Jangwizai in Seongbuk-gu, which have recently ‘sold out’ even small-sized equilibrium stocks. . In Incheon (3209 → 3154 households) and Gyeonggi (8052 → 7288 households), unsold units decreased by 1.7% and 9.5%, respectively.
There is a possibility that the financial difficulties of small and medium-sized local construction companies will become more serious in the future as the unsold pre-construction pre-completion transfers to the unsold post-completion.
The government is in the position that it is “not at the level of intervening”. Even when the number of unsold units in December of last year recorded 68,148 cases, an increase of more than five times compared to the previous month (17,710 households), Minister of Land, Infrastructure and Transport Won Hee-ryong said, “The current unsold units can be largely resolved with self-rescue efforts such as price discounts by construction companies. ” was also put forward.
The number of unsold units following completion, which is called ‘malignant unsold units’, also increased significantly. It seems that the number of malignant unsold units has increased as the units that were classified as unsold until the completion of construction are not sold until the time of completion. After the completion of construction in February, the number of unsold units was 8554, an increase of 13.4% (1008 units) compared to the previous month (7546 units).