Perfect Score Bankbook Appears Again... "A Difficult Path to Winning"

Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Kim Yuri] Last week, a perfect score subscription account appeared again in Seoul. It was at 'Hillstate Lissville Gangil,' which announced its subscription winners on the 7th. According to the Korea Real Estate Board's subscription homepage, the highest winning score for the Hillstate Lissville Gangil 101㎡D-type in other areas was a perfect 84 points. This is the first time in four months since September last year, when a perfect score subscription account appeared in Yangcheon-gu's 'Sinmokdong Paragon' in Seoul.

In this subscription, divided into 30 categories by overall housing type and region, 16 places had a highest score exceeding 70 points, accounting for more than half. The lowest winning score also reached 64 points. There were as many as 14 places where the lowest winning score was 69 points. The subscription score is calculated based on the period of no home ownership (32 points), number of dependents (35 points), and subscription account subscription period (17 points). To receive a perfect score of 84 points, the family must include at least seven members including the applicant, and both the no-home ownership period and subscription account subscription period must be over 15 years.

According to Real Estate 114, the average nationwide apartment subscription competition rate last year was 27.38 to 1, nearly double the 15.34 to 1 in 2019 (as of December 24). Seoul recorded the highest subscription competition rate (76.97 to 1) since statistics began in 2002. This was due to a large influx of subscription accounts attracted by prices up to half cheaper than surrounding market prices amid rapidly rising housing prices.

As subscription competition intensified, winning scores also soared last year. Especially in Seoul, where supply shortage concerns grew, the average winning score exceeded 60 points due to a large influx of subscription demand. An analysis of winning scores for 146,857 general supply units of private apartments that received subscription applications until December 23 last year showed that the average cutoff score for Seoul apartments was 61 points. This far exceeds the highest score (57 points) that a 30-year-old head of a four-person household can receive.

The industry views that it is becoming increasingly difficult for people in their 30s to win subscriptions for Seoul apartments. This is because the number of high-score accounts close to perfect scores for first-priority subscription accounts is increasing year by year. On the other hand, the number of accounts leaving the market after winning is minimal. Experts advise that this year, too, approaching the subscription market remains the best choice for securing a home, but it is necessary to approach it according to the situation. After carefully considering the relaxed special supply criteria changed from early this year, the 3rd new town subscription starting in the second half of this year, and the score and lottery ratio of price ceiling system units in major metropolitan areas, if there is a possibility, actively challenge it; if the possibility is slim, approach with existing inventory. An industry insider said, "In so-called 'lottery subscription' projects where perfect score accounts frequently appear, one must coolly decide whether to keep knocking on the subscription market door considering their own score and situation."

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