Half of This Year's Non-Quota 'Zupzup' Subscription Applicants Are in Their 30s... "Need to Increase Lottery-Based Methods"

[Asia Economy Reporter Choi Dong-hyun] This year, the age group that applied the most and won the so-called 'Zupzup' non-designated subscription was found to be people in their 30s. Unlike general subscriptions with high winning scores, this lottery-based method attracted many young people hoping to own a home.

According to data submitted by the Ministry of Land, Infrastructure and Transport to Kim Sang-hoon, a member of the National Assembly's Land, Infrastructure and Transport Committee from the People Power Party, from January to August, there were 74,440 applicants for non-designated subscriptions in 12 nationwide complexes with a sale price of over 15 million KRW per 3.3㎡. Among them, people in their 30s accounted for 35,813 (48.1%). Those aged 20 or younger also reached 10,615 (14.3%).

In the case of 'GS Tower Residential Complex' located in Seocho-gu, Seoul, despite the ultra-high price reaching up to about 50 million KRW per 3.3㎡, 328 applicants in their 30s and 160 in their 20s applied for the non-designated subscription selecting 45 winners. Among them, 27 in their 30s and 11 in their 20s were selected. Of the total 659 applicants, 74% were in their 20s and 30s.

Additionally, at 'The Sharp Gwanggyosan First Park' in Jowon-dong, Jangan-gu, Suwon City, which attracted attention as a lottery subscription, 13,401 applicants in their 30s applied for 2 available units, and both winners were in their 30s. In all other complexes, people in their 30s were the largest group of applicants for non-designated subscriptions.

Assemblyman Kim Sang-hoon pointed out, "Under the current subscription system, people in their 20s and 30s have low scores, so it is almost impossible to expect to win except through lotteries like non-designated subscriptions," adding, "The fact that over 40,000 young people flock to about 600 units indicates a systemic problem." He emphasized, "It is urgent to introduce policies that restore the housing ladder for youth, such as expanding the lottery system and easing loan regulations."

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