From now on, 'Jupjup' Non-Sequential Subscription Will Only Be Available to Local Non-Homeowners

Strengthening Eligibility for Unranked Quantity Applications
'Adults' → 'Non-homeowners in the Relevant Area'
Applied from the Supply Quantity on the 28th

Citizens are overlooking the city from Namsan Park in Seoul.
[Image source=Yonhap News]

[Asia Economy Reporter Moon Jiwon] Regulations on non-priority subscription, commonly known as 'Jupjup', will be strengthened. From now on, non-priority units can only be applied for by non-homeowners residing in the relevant area, and in regulated areas, the same re-winning restrictions as general subscriptions will apply. Until now, whenever 'Jupjup' units appeared in popular areas, applications flooded in from all over the country, causing competition rates to soar, but such situations will no longer be possible.

The Ministry of Land, Infrastructure and Transport announced on the 27th that it will implement a partial amendment to the 'Housing Supply Regulations' from the 28th, aimed at expanding housing opportunities for non-homeowner actual demanders and strengthening protection for subscribers.

According to the amendment, first, the eligibility criteria for non-priority units will be strengthened. Until now, non-priority units arising from contract cancellations or terminations could be applied for by any adult regardless of home ownership status.

However, from now on, the eligibility for non-priority units will be tightened from the previous 'adult (no regional restriction)' to 'adult members of non-homeowner households residing in the housing construction area (city or county)'. Accordingly, only non-homeowner household heads or members residing in the relevant area will be able to apply.

For example, if non-priority units are supplied in City A, Gyeonggi-do, previously applicants could choose the subscription area regardless of their residence, allowing even those owning homes nationwide to apply. But from the 28th, only non-homeowner household heads or members residing in City A will be eligible to apply for non-priority units supplied there.

Also, until now, winning non-priority units did not subject applicants to re-winning restrictions, but from now on, winning non-priority units supplied in regulated areas will be subject to the same re-winning restrictions as general subscriptions (10 years in speculative overheated districts, 7 years in adjusted target areas). This will apply to non-priority units supplied from the 28th onward.

A supply price standard has also been set for houses whose contracts were canceled due to illegal resale, etc. From now on, when the project entity applies for resident recruitment approval to resupply houses canceled due to illegal resale or supply order disruption, the approval authority (the head of the relevant local government) must review whether the supply price is appropriate considering the acquisition cost and incidental expenses of the project entity before granting approval. This will apply to units requiring resupply approval procedures submitted to the resident approval authority from the 28th onward due to contract cancellations, etc.

The selection rights of subscribers regarding additional optional items, which had caused significant consumer dissatisfaction, will also be strengthened. Until now, for general houses not subject to the price ceiling system, there were no particular restrictions on bundled sales of additional optional items (balcony, home appliances, built-in furniture), greatly limiting subscribers' choice rights.

However, from now on, for houses not subject to the price ceiling system, when providing additional optional items, individual costs must be indicated, and the project entity will be restricted from bundling two or more additional optional items for sale. This will apply to units for which resident recruitment approval is applied for from the 28th onward.

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