The 'Jupjup' Craze for Non-Regulated Area Apartments Sweeping Since Early Year

Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Choi Dong-hyun] Since the beginning of the year, a so-called "Jupjup (picking up and picking up)" frenzy for non-priority subscription in non-regulated areas has been intensifying. Non-priority subscription is a system that resupplies uncontracted units after the main subscription. Anyone aged 19 or older can apply without a subscription savings account.

Recently, there has been a strong enthusiasm in the real estate market to win non-priority subscriptions. Along with genuine buyers who want to move into new apartments, speculators seeking short-term capital gains due to short resale restrictions have joined, pushing subscription competition rates close to five digits.

According to the industry on the 25th, a total of 41,922 people applied for the non-priority subscription of "Hillstate Prugio Juan" in Michuhol-gu, Incheon, held on the 22nd, recording an average competition rate of 1,352 to 1. The highest competition rate was for the 84㎡B exclusive housing type. For this type, 32,415 people applied for 5 units, resulting in a competition rate of 6,483 to 1. Additionally, 2,004 and 7,503 people applied for the 39㎡ (13 units) and 45㎡ (13 units) types, showing competition rates of 154 to 1 and 577 to 1, respectively.

Earlier, in the non-priority subscription for uncontracted units of "Bupyeong Doosan We've The Park" in Bupyeong-gu, Incheon, held on the 15th, 47,626 people applied for 4 units, recording a competition rate of 11,907 to 1. For the 59㎡B type, which had only one unit supplied, a total of 30,066 people applied, resulting in a competition rate of 30,066 to 1. The non-priority subscription for "Artejai" in Manan-gu, Anyang-si, held over four days from the 10th to the 13th, also recorded a competition rate of 4,191 to 1, completing contracts for all units.

Non-priority subscriptions are spreading beyond the metropolitan area to local regions. The non-priority subscription for "Gwangju Gyelim I-Park SK View" in Dong-gu, Gwangju Metropolitan City, held from the 17th to the 18th, attracted 13,950 applicants for 37 units, recording an average competition rate of 377 to 1. The website even crashed once due to the overwhelming number of visitors. In Daegu Metropolitan City, the non-priority subscription for "Hillstate Daegu Station," conducted on-site with a first-come, first-served lottery method on the 17th, also saw a large influx of applicants. Over 1,000 people applied for about 80 units, showing a competition rate of approximately 13 to 1. On the 11th, the nearby "Daegu Station Jeil Punggyeongchae" non-priority subscription attracted about 3,000 applicants for 224 units.

This content was produced with the assistance of AI translation services.