On April 15, the Land Research Institute released the results of its “Real Estate Industry Conditions Survey” (as of April 2025). This quarterly survey targets companies operating in the real estate sector across the three major metropolitan areas and key regional cities, indexing their current business conditions and outlook for the next three months. A total of 122 companies were surveyed, with 92 responses collected.
In this survey, the business conditions index for the housing and residential land sales sector declined to 8.1, a decrease of 8.6 points from the previous survey. Meanwhile, the real estate distribution sector (residential areas) improved to 1.2, up 2.4 points year-on-year, and the building leasing sector rose to 22.2, an increase of 7.5 points from the previous year.
By industry segment, the index for land acquisitions was -13.8, up 9.5 points year-on-year. The number of visitors to model rooms stood at -25.0, an increase of 5.8 points from the previous year, while the number of contracts concluded dropped to -17.7, down 5.0 points year-on-year. Inventory levels were recorded at 3.2, a decline of 18.7 points year-on-year, continuing a downward trend for the 19th consecutive quarter. On the other hand, the selling price trend index was 60.0, down 7.9 points year-on-year, yet still reflecting a strong upward trend for the 52nd consecutive quarter.
In the real estate distribution sector, the number of requests for the sale of existing condominiums stood at -7.5, a decline of 10.0 points year-on-year. Meanwhile, purchase requests rose to 7.5, marking a significant increase of 17.5 points compared to the previous year. The number of contracts concluded dropped to -17.5, down 5.0 points year-on-year, while the transaction price index was 21.3, a slight decrease of 1.2 points. Notably, many believe that purchase requests are showing an upward trend for the first time in 28 quarters.
For existing detached houses, the number of sale requests was -2.4, up 2.4 points from the previous year. Purchase requests increased to 4.8, a sharp rise of 28.6 points year-on-year. The number of contracts concluded improved to -14.3, up 9.5 points, and the transaction price index reached 13.1, an increase of 6.0 points. Transaction prices for detached houses have now been on an upward trend for 17 consecutive quarters.
In the building leasing industry, the vacancy index was 3.7, up 7.9 points from the previous year, while contracted rents rose to 44.4, an increase of 9.1 points year-on-year.
Looking ahead to the next three months, the business outlook index is -5.0 for the housing and residential land sales sector, -9.3 for the residential real estate distribution sector, and 5.6 for the building leasing sector.
Reprinted from: Real Estate Distribution Research Institute Co., Ltd. "R.E.port"
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