Number of Apartment Subscription Applicants from January to June This Year

The view of an apartment complex from Namsan, Seoul, on the 4th. <Photo by Yonhap News>

The view of an apartment complex from Namsan, Seoul, on the 4th.

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It has been revealed that 520,000 subscription accounts were gathered this year for new apartments with an exclusive area of 84㎡, known as the "national standard size," suitable for 3 to 4-person households.


On the 7th, real estate research firm Realtoday investigated the number of first-priority applicants by apartment area for newly supplied apartments nationwide in the first half of this year (January to June 2, excluding public sales) through the Korea Real Estate Board's subscription website. As a result, 525,989 first-priority subscription accounts were gathered for 29,996 units of 84㎡ apartments supplied nationwide this year.


For apartments exceeding 84㎡, 426,657 first-priority subscription accounts were submitted, while 73,266 first-priority subscription accounts were received for small to medium-sized apartments of 59㎡.


This situation can also be confirmed through individual complexes. Looking at the top 10 apartment complexes with the highest number of first-priority applicants by apartment area this year, the exclusive area 84㎡ type accounted for as many as five of the top ranks.


The 84.98㎡ exclusive area of "Dongtan Station Dietre First G" supplied in Dongtan 2 New City ranked 3rd in the number of first-priority applicants by area (36,265 people). Additionally, more than 10,000 first-priority subscription accounts were gathered for "Wirye Xi The City" in Wirye New City, "Gimhae Prugio High-End Phase 2" in Gyeongnam, and "The Sharp Centro" in Chungnam.


In apartment pre-sale right transactions as well, the exclusive area of 84㎡ accounted for a significant portion. According to the Ministry of Land, Infrastructure and Transport's actual transaction price disclosure system, about 52% (3,572 out of 6,861) of nationwide apartment pre-sale right transactions in May were for apartments with an exclusive area of 84㎡.


This is analyzed to be because, although the number of 1 to 2-person households is increasing, the apartment demand base still consists of 3 to 4-person households, and thus the exclusive area of 84㎡, recognized as the most suitable size for them to live in, is prioritized. Furthermore, the recent securing of wider usable space than in the past large-sized apartments through balcony expansions, dressing rooms, alpha rooms, and pantry spaces is also cited as a background for steady demand.


A representative from Realtoday said, "The exclusive area of 84㎡ is optimized for 3 to 4-person families to live in, and there is abundant basic demand, so it consistently shows strength in the subscription market," adding, "Because there is a large demand, related transactions are also active."





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

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