
Gyeonggi-do Icheon and Yangju designation lifted... Incheon Yeongjong, Busan Gangseo, Gangwon Gangneung, Chungnam Cheonan Yuji
AI-generated summary
The Housing and Urban Guarantee Corporation designates and manages areas where unsold houses exceed a certain standard as unsold management areas.
(Sejong = Yonhap News) Reporter Oh Jin-song = Housing and Urban Guarantee Corporation (HUG) announced on the 4th that it had designated a total of four locations, including Gangseo-gu in Busan and Cheonan-si, Chungcheongnam-do, as unsold management areas in September.
Icheon-si and Yangju-si, Gyeonggi-do, were removed from the designation.
Accordingly, there are four unsold management areas, including Yeongjong-gu in Incheon, Gangseo-gu in Busan, Gangneung-si in Gangwon-do, and Cheonan-si in South Chungcheong Province.
An unsold management area is an area among cities, counties, and districts where the number of unsold homes is more than 1,000 households and the ratio of unsold homes to apartment stock is more than 2%, and it meets at least one of the following requirements: increase in unsold homes, low resolution of unsold homes, and concerns about unsold homes.
Businesses wishing to receive a pre-sale project financing (PF) guarantee within the unsold sale management area must undergo prior screening.
As of July, the number of unsold homes in the unsold management area in September totaled 9,270, accounting for 13.6% of the 68,217 unsold homes nationwide.

Seoul apartment prices have risen for 85 consecutive weeks, marking the longest sustained increase on record with a cumulative gain of 15.84 percent, more than double the previous record. Despite demand-side controls like lending curbs and heavy taxation, prices continue to climb, highlighting the failure of current policies and the urgent need to expand housing supply through eased redevelopment regulations and revised tax measures.

Busan City announced that it will hold the 56th Open Busan Urban Architecture Forum under the theme of 'Busan's Housing' in the City Hall conference room at 3 p.m. on the 9th. This forum will diagnose the crisis of the young generation, whose housing ladder has been cut off due to soaring housing costs and the aftermath of rental fraud, and seek highly effective policy alternatives by sharing research results from the Busan Research Institute and the Seoul Housing and Urban Development Corporation. Any interested citizen, including college students and urban and architectural experts, can participate.

Seongnam City announced that the number of applications received for designation of the second special development zone for the reconstruction of Bundang, the first new city, reached 66,000 households, 5.5 times this year's designated quantity of 12,000 households. All 50 districts that submitted preliminary proposals have submitted their main documents, and the city plans to select target districts through document and on-site screening within this month.

According to data jointly released by the Korea Real Estate Agency and Real Estate 114, the number of apartments expected to be occupied nationwide over the two years from July this year to June 2028 is expected to be 425,412 households. In the metropolitan area, Seoul is expected to have 49,668 households, Gyeonggi has 151,343 households, and Incheon has 40,088 households, and the occupancy volume by metropolitan city and province has also been presented in detail.

The Seoul City Planning Committee approved the creation of a residential complex for 1,492 households through the integrated reconstruction of five old villa complexes in Sangil-dong, Gangdong-gu, and approved a revised plan to develop a 484-unit complex combining housing, culture, and green space in the Seun Redevelopment Promotion District in Jung-gu.

Gyeonggi Province announced that 316 units of integrated public rental housing in the Gwangju Station area Youth Innovation Town, built in conjunction with Gyeonggi Housing and Urban Corporation, will be completed on the 31st. The housing can be occupied by various groups such as young people, newlyweds, and the elderly. Rent is applied differently depending on income level. The maximum residence period is 10 years, and households with children can reside for up to 14 years.