Seoul: 1,369 units; Gyeonggi Province: 11,877 units

Major complexes planned in Seocho-gu, Gwangyo and Gyeyang-gu

Apartment complexes in the Gangnam and Seocho-gu area as seen from Namsan Park in Jung-gu, Seoul. [The Herald Business DB]
Apartment complexes in the Gangnam and Seocho-gu area as seen from Namsan Park in Jung-gu, Seoul. [The Herald Business DB]

More than 35,000 apartment units are set to hit the pre-sale market nationwide next month — roughly triple the volume seen in October — with supply split roughly evenly between the greater Seoul area and the rest of the country.

According to real estate research firm RealToday, 55 complexes totaling 42,393 units are scheduled for pre-sale across the country in November. The figure includes rental housing but excludes officetels. Of that total, 35,788 units are designated for general pre-sale.

That is about three times the 11,875 units that went on general pre-sale in October. By region, 17,195 units — 48 percent of the total — are slated for general pre-sale in the greater Seoul area, while 18,593 units will be supplied in regional markets.

By province and city, Gyeonggi Province leads with 11,877 units, followed by North Gyeongsang Province with 5,682, Incheon with 3,949, Busan with 3,369 and Gwangju with 2,351. Seoul accounts for 1,369 units.

In Seoul, upcoming pre-sales include 146 units at Seocho Lotte Castle Art Palace in Seocho-gu, 135 units at Gyeonghuigung Epitt in Jongno-gu, 113 units at Junghwa Station Raon Private Centro in Jungnang-gu, and 218 units at Harrington Place Mullae in Yeongdeungpo-gu.

In Gyeonggi Province, planned offerings include 2,122 units at Hillstate Godeok Ellist in Pyeongtaek, 1,542 units at Hwaseong Hyangnam Lotte Castle Signature in Hwaseong, 984 units at Armuze Xi in Ansan, 600 units at Gwangyo Jayeon-and Centreville in Suwon, and 572 units at Jeil Punggyeongchae Gwangju Poedu in Gwangju.

In Incheon, pre-sales in the pipeline include 1,110 units at Gyeyang New Town Kaive Ubora in Gyeyang-gu, 868 units at Cheongna Arc One Prugio in Seo-gu, and 843 units at Geomdan Centreville Grandforet in Geomdan-gu.

In regional markets, notable offerings include 1,387 units at i'Park Mudeungsan Skyforet in Dong-gu, Gwangju; 251 units at Doosan We've Trezium Iksan in Iksan, North Jeolla Province; 264 units at Nam-Chuncheon Centreville in Chuncheon, Gangwon Province; 236 units at Hoban Summit Choryang in Dong-gu, Busan; and 135 units at Hyeonggok Central Atera in Gumi, North Gyeongsang Province.

Among the headline projects, Lotte Engineering & Construction will offer Seocho Lotte Castle Art Palace in Seocho-dong, Seocho-gu, Seoul. The development spans 35 to 36 above-ground floors across two buildings with a total of 835 units, of which 146 units ranging from 35 to 46 square meters will be offered through general pre-sale under the youth safe housing scheme. The complex is close to Seoul Express Bus Terminal, the Gangnam and Gyodae business districts, and the legal district in Seocho-dong.

In Gyeonggi Province, a consortium of Gyeonggi Housing and Urban Development Corporation (GH) and Dongbu Construction will supply 600 units of Gwangyo Jayeon-and Centreville at Block A17 in the Gwangyo new town in Suwon. Some 360 units of 84-square-meter units will be offered through public pre-sale, while 240 units of 59-square-meter units will be sold under an equity-accumulation scheme. Nearby amenities include Ajou University Hospital, Galleria department store and Lotte Mall, with a planned station on the future Indukwon–Dongtan double-track rail line also set to open in the area.

In Incheon, Bando Construction will launch Gyeyang New Town Kaive Ubora at Blocks AC3 and AC4 in the Gyeyang new town. The project offers a total of 1,110 units ranging from 84 to 93 square meters — 614 units in Block AC3 and 496 in Block AC4. A branded commercial facility called "Sigan" will also open within the complex. The surrounding area has sites designated for a kindergarten, elementary and middle schools, and a linear park called Gyeyang Byeori.

"November is set to see about three times as many general pre-sale units as the previous month," a RealToday official said. "Demand is expected to concentrate on select complexes depending on pre-sale price competitiveness, location conditions and future development potential, pointing to a growing polarization in the market."


quq@heraldcorp.com