Gwangju Apartment Sales Index Surges 32.6 Points in July Amid Semiconductor Megaproject

According to the Korea Housing Research Institute (KoHRI), Gwangju apartment sales expectations index surged 32.6 points to 88.2 in July, announced on July 7, driven by government confirmation of a major semiconductor megaproject. The index, where readings above 100 indicate positive market sentiment, rose following the July 6 confirmation of a semiconductor industrial complex in the Honam region, with plans for facilities from Samsung Electronics and SK Hynix.

Seoul's apartment sales expectations also turned positive, rising 14.3 points to 114.3, as limited new supply and leasing shortages prompted more demand to shift toward purchases. Other mega-project regions, including Chungbuk (90.0), Chungnam (85.7), and Jeonnam (70.0), recorded gains of 23.3, 28.6, and 20.0 points respectively. Non-capital regions overall improved to 84.4, up 18.2 points.