21 complexes, 11,559 units set to move in nationwide in November
Greater Seoul area: 4,031 units; regional cities: 7,528 units
About 11,000 apartments are set to open for move-in across South Korea in November — roughly half the number recorded in the same month last year, driven largely by a sharp drop in Greater Seoul supply.
According to a survey by real estate platform Zigbang released Monday, a total of 11,559 units across 21 complexes nationwide are scheduled for move-in in November 2026. That marks a 30 percent decline from the previous month's 16,567 units and a 49 percent drop from the 22,551 units recorded in November last year.
By region, 4,031 units are set to move in across the Greater Seoul area and 7,528 in regional cities. Compared with October, Greater Seoul supply falls 49 percent — down from 7,924 units — while regional supply drops 13 percent from 8,643 units. Regional cities account for 65 percent of the total, roughly 1.9 times the Greater Seoul figure.
Greater Seoul supply is nearly halved from the previous month. Both Seoul and Incheon, which saw large-complex move-ins in October, are seeing their numbers shrink — with Incheon recording no scheduled move-ins in November at all. Seoul will see 488 units across three complexes move in: Gaebon Louvre in Gaebon-dong, Guro-gu (295 units); Hongik University Station Central Arte Haemoro in Donggyo-dong, Mapo-gu (123 units); and Hanyang LEEPS in Sinwol-dong, Yangcheon-gu (70 units). All three are sub-300-unit complexes supplied through redevelopment projects.
Gyeonggi Province will see 3,543 units across six complexes move in, up 27 percent from October's 2,788 units, accounting for the bulk of Greater Seoul area supply. By city, the breakdown is Pyeongtaek with 1,604 units, Icheon with 1,532 units, Yongin with 348 units and Bucheon with 59 units.
In Pyeongtaek, two complexes in the Hwayang district of Hyeondeok-myeon will open for move-in: Pyeongtaek Prugio Center Pine (851 units) and Pyeongtaek Hwayang District Dongmun D'East (6-2BL) (753 units). The Hwayang district has now seen move-ins in March and July, with November marking a third wave — bringing this year's total for the district to four complexes and 4,729 units.
In Icheon, Icheon Jungni District B3 Block Geumseong Baekjo Yemiji in Jungni-dong (1,009 units) and Icheon Station Sinan Insville Prestige in Jeungil-dong (523 units) will open. The Jungni district is seeing its third move-in wave of the year, following February and June, bringing its 2026 total to 2,643 units. In Yongin, Yongin Everland Station Daewon Cantavil in Pogok-eup, Cheoin-gu (348 units) will open for move-in.
Among regional cities, move-ins are scheduled in North Jeolla Province with 2,430 units, Ulsan with 2,153 units, Busan with 1,067 units, North Gyeongsang Province with 763 units, Daejeon with 660 units, Gangwon Province with 228 units, South Chungcheong Province with 182 units and Jeju with 45 units. North Jeolla Province and Ulsan together account for 61 percent of regional supply. South Jeolla Province, Gwangju, Daegu and South Gyeongsang Province — which made up a significant share of regional move-ins in October — have no scheduled move-ins in November.
Meanwhile, December is expected to see 16,211 units move in nationwide, a rebound from November's trough. In the Greater Seoul area, 8,131 units are scheduled, with supply concentrated in Incheon and Gyeonggi Province. Seoul's December move-in total is projected at around 600 units.
For the fourth quarter as a whole, approximately 44,300 units are expected to move in nationwide. That is 24 percent more than the third quarter's roughly 35,700 units, but 39 percent below the roughly 72,400 units recorded in last year's fourth quarter. While monthly move-in volumes continue to fluctuate, supply is also becoming increasingly concentrated in specific regions.
"New apartment move-ins create an opportunity for fresh jeonse listings to enter the market, so the impact on the jeonse market will vary depending on the volume and regional distribution of those move-ins," said Kim Eun-seon, head of Zigbang's big data lab. "In the Greater Seoul area, new move-ins in Seoul remain limited, whereas in areas with concentrated large-complex move-ins — such as Ulsan and North Jeolla Province — a short-term surge in new jeonse listings could disperse nearby jeonse demand."
hwshin@heraldcorp.com
