Final 2025 housing completions revised down 42,000 units to 300,000

  • Ministry revises final 2025 nationwide housing completions to 300,000 units.
  • 300,000 units were 42,000 below the 342,000-unit preliminary total.
  • 2026 completions fell 27.2% year-on-year through August, Ministry data showed.

Final nationwide housing completions for 2025 were revised to 300,000 units, 42,000 below the 342,000 units reported in monthly preliminary figures. The Ministry of Land, Infrastructure and Transport said provisional usage approvals and other administrative data had been counted redundantly, and that the revision followed last year’s statistical-system overhaul. The revised method uses the initial usage approval date and is intended to eliminate duplication in next year’s completion figures. Housing completions continued to weaken in 2026, falling 27.2% year-on-year to 150,664 units from January through August, while August completions dropped below half of July’s level. Permits strengthened in Seoul and the capital region, but non-capital regions recorded sharp declines. Nationwide unsold housing rose for a third consecutive month, and Seoul apartment sales fell 30.1% in August from July.

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