Seoul apartment presales outpace Gyeonggi as September 2026 supply rises 15%

  • Seoul presale complexes drew 17,322 applications for 291 general first-priority units, while Gyeonggi recorded weaker results across 13 projects.
  • Seoul’s average subscription ratio was 59.5 to 1, compared with 1.7 to 1 in Gyeonggi, which had 13,553 unsold homes as of June.
  • September 2026 planned apartment supply totals 22,704 households, up 15% year on year, with about 60% in the capital region.

Apartment presale demand remained sharply stronger in Seoul than Gyeonggi during July and August, while South Korea’s September 2026 pipeline is scheduled to expand nationwide. Five Seoul complexes offered 291 general first-priority units and received 17,322 applications, an average ratio of 59.5 to 1, compared with 1.7 to 1 across 13 Gyeonggi complexes offering 8,079 units and receiving 13,512 applications through the second-priority round. Gyeonggi had 13,553 unsold homes as of June, while higher construction costs, rising interest rates, tighter lending rules and weaker expectations for price gains weighed on demand. Separately, real estate platform Zigbang said 26 complexes totaling 22,704 households are scheduled for September 2026 presales, up 15% from 19,659 households across 27 complexes a year earlier. General sales are planned at 18,643 households, up 43%, with 13,537 households, or about 60% of the total, concentrated in the capital region. Actual August supply reached only 19,140 households, or 68% of the original plan, underscoring the importance of schedule changes, pricing and location-based demand.

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