South Korea's regional housing markets are facing a shrinking pipeline of new apartments after nationwide move-ins fell 26.3% to 175,370 units this year, according to Real Estate 114 data released on the 12th. Supply outside the capital area dropped about 30% to 89,009 units, with South Gyeongsang Province recording a 61.3% decline. Medium- and long-term supply indicators also weakened as housing permits and construction starts fell, although apartment transactions rose for a third straight year to 570,490 in 2025 from 298,581 in 2022. Rising construction costs have lifted regional private-apartment presale prices by about 9.5%, while newer apartments outperformed older stock. High-demand projects include Forena Hillstate Jinju, which received 3,849 applications for 182 general-sale units, and several complexes scheduled for applications or sales in Ulsan, Gwangju, Asan and Cheonan.