[2020 National Audit] Highest Proportion of Winners in Their 30s for Public and Private Housing

[Asia Economy Reporter Yoo In-ho] Among the winners of nationwide public and private housing, those in their 30s accounted for the highest proportion.

According to data submitted by the Ministry of Land, Infrastructure and Transport on the 16th to Jo O-seop, a member of the National Assembly Land, Infrastructure and Transport Committee from the Democratic Party of Korea, more than one out of three nationwide housing winners in the past three years (2018 to August 2020) were in their 30s.

In the past three years, the total number of winners of private and public housing nationwide reached 453,824 households, with those aged 20 and under accounting for 11.3%, those in their 30s 39.2%, those in their 40s 28.4%, those in their 50s 14.2%, and those aged 60 and over 7.0%.

Among them, winners of public housing (including 5-year and 10-year sale conversion) totaled 25,971 households, with 30s at 47.3%, 40s at 18.9%, and 20 and under at 13.4% in order.

Winners of public housing aged 20 and 30 accounted for 60.7%. Those in their 30s were 47.3%, and those aged 20 and under were 13.4%.

Winners of private housing totaled 427,853 households, with those in their 30s at 38.7%, those in their 40s at 28.9%, and those in their 50s at 14.3%.

According to the reform of the subscription system, the proportion of winners without home ownership in private housing is also increasing. The nationwide proportion of winners without home ownership was 55.2% at the time of the subscription system reform on August 3, 2017, but after the re-reforms on September 20, 2017, and May 4, 2018, it increased by 11.8% to 67.0% as of August 31.

The reason for the increase in the proportion of winners without home ownership is analyzed to be the expansion of the application of the point system due to the subscription system reform, the expansion and relaxation of qualification criteria for special supply for newlyweds, the introduction of special supply internet applications, and the establishment of priority supply for winners without home ownership among the lottery system quotas.

Assemblyman Jo said, “Despite these results, there are complaints from those in their 30s that it is difficult to buy a house through subscription,” and added, “We must strengthen monitoring of fraudulent subscriptions and make every effort to expand public and rental housing in Seoul and the metropolitan area.”

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