Refer Report
Visitors listening to explanations at the Olympic Park Foreon model home. Not related to the article content. Yonhap News
The formula that ‘if you score 69 points for a family of four, you can apply for most apartments’ has become meaningless in Gangnam, Seoul.
Real Today, a real estate research company, analyzed data from the Korea Real Estate Agency’s subscription home on the 6th and found that the lowest winning score for apartments sold in the Seoul area so far in the second half of this year was 60.4 points.
The score is an increase of 2.2 points and 5.1 points, respectively, compared to the first half of this year (58.2 points) and the second half of last year (55.3 points). This means that you must have an average score of at least 60.4 throughout Seoul to expect to win the subscription.
The subscription price is out of 84 points, and is calculated based on the period of not owning a home (maximum 32 points), subscription account subscription period (maximum 17 points), and number of dependents (maximum 35 points). The highest score that a family of four who has lived without a home for more than 10 years, exceeding the 15-year subscription period, is 69 points.
In particular, the lowest winning score for apartments sold in the Gangnam area this year was an average of 72 points, which was 17 points higher than the non-Gangnam area (average 55 points). As the pre-sale price cap system was applied, making it possible to aim for high market profits, the winning line far exceeded the Seoul average. It has become difficult for families of four with perfect scores to expect to win the subscription for a major reconstruction complex in Gangnam.
Gyeonggi Province’s winning line has also risen significantly. The lowest winning score for apartments sold in the Gyeonggi region in the second half of this year was 55.7 points, an increase of 13 points compared to the first half of this year (42.7 points).
Experts believe that as the supply of private housing has decreased due to the stagnation of maintenance projects in Seoul and the metropolitan area, where demand is the highest, and because of the prospect that the supply shortage will become more serious in the future, ‘high scorers’ who had been keeping their bank accounts idle have flocked to the subscription market.
Source: Korean