Seoul Apartment Occupancy Rate Drops to 86.4% in June, July Outlook Index Surges to 118.7

According to the Housing Industry Research Institute, Seoul's apartment occupancy rate declined to 86.4% in June, down 4.6 percentage points from May. The capital region overall fell to 83.0%, with Incheon and Gyeonggi registering 81.4%. The institute attributed the decline to insufficient improvement in actual move-in conditions due to existing property sales delays and mortgage loan issues.

Outlook for July showed marked improvement. Seoul's move-in prospect index rose to 118.7, up 16 points from the previous month and exceeding the 100 baseline, indicating growing optimism. Gyeonggi jumped 27.8 points to 100, particularly driven by the semiconductor belt region. The capital region's overall index reached 102.6. Regionally, Daegu (111.1), Ulsan (107.6), Sejong (107.6), and Daejeon (106.2) all exceeded the baseline.