Two Greater Seoul districts — Incheon's Jung-gu and Gyeonggi Province's Icheon — also on the list
The number of unsold-unit management zones grew from two to four this month with the addition of Busan's Sasang-gu and Daejeon's Jung-gu.
Korea Housing Finance Corp. (HUG) announced Friday that it had selected four districts nationwide as unsold-unit management zones for June: two in the Greater Seoul metropolitan area — Incheon's Jung-gu and Gyeonggi Province's Icheon — and two outside it — Busan's Sasang-gu and Daejeon's Jung-gu.
The four designated zones contained a combined 6,413 unsold housing units as of April, accounting for roughly 9.8 percent of the 65,179 unsold units recorded nationwide.
A district is designated an unsold-unit management zone when it has at least 1,000 unsold units and an unsold-unit rate of 2 percent or more relative to total apartment stock, and meets at least one of three conditions: a rise in unsold units, slow absorption of unsold units, or concern over future unsold inventory. Developers seeking pre-sale project financing (PF) guarantees for housing supply in a designated zone must clear additional screening steps, including preliminary and advance reviews.
Full details of the designations, including specifics on the advance review process for pre-sale PF guarantees, are available on HUG's website, through its call center, or at any of its regional branch offices nationwide.
hwshin@heraldcorp.com
