To Avoid Missing the 'Naejipmaryeon' Opportunity... Precautions for 'Pre-Subscription'

Carefully Assess Assets and Monthly Average Income
Only One Application Allowed Per Round, 'Be Cautious'
Young Adults, Newlywed Hope Town Shows Higher Potential

As the pre-sale subscription schedule kicks off in earnest on the 16th, prospective homeowners are becoming increasingly busy. However, since pre-sale subscriptions have some differences in eligibility requirements compared to regular main subscriptions, failure to understand these could result in losing a hard-earned winning opportunity, so caution is required. This article summarizes the points to be careful about during pre-sale subscriptions, including eligibility criteria, subscription procedures, prohibition of duplicate applications, and sale prices.

Carefully Assess Assets and Average Monthly Income

First, to apply for pre-sale subscription, all members of the household must be non-homeowners and must be enrolled in the Housing Subscription Savings (including the Housing Subscription Savings Account). For general public sales (60㎡ or less), the average monthly income must be 100% or less, and for newlyweds, both the public sale special supply for newlyweds and the Newlywed Hope Town require an average monthly income of 130% or less (140% for dual-income households). The asset criteria are 215.5 million KRW or less for general public sales and 307 million KRW or less for Newlywed Hope Town.

Regarding residency requirements, applicants can apply if they reside in the relevant area as of the announcement date. In Gyeonggi Province, 30% of the supply is prioritized for residents who have lived in the relevant city or county for at least one year (two years in speculative overheated districts), 20% is allocated to those who have lived in Gyeonggi Province for six months or more, and the remaining 50% is distributed to other residents of the metropolitan area. Since the residency period only needs to be met by the time of the main subscription, there may be a significant number of speculative applicants who apply first and see later.

Only One Application per Round Allowed... No Duplicates

Pre-sale subscriptions can only be applied for once per round. Duplicate applications are not allowed. If you apply to more than two places, your application will be invalidated, and your eligibility for pre-sale subscriptions will be restricted for one year, so caution is necessary. If you are not selected in the current round, you can apply again in the next round. It is also impossible for more than one person within the same household to apply for overlapping or cross applications.

However, special supply applications can be submitted alongside general supply applications. Even if you qualify for two or more special supply categories such as multi-child families or newlyweds, you can only apply to one place.

To increase the chances of winning, you should consider the type and selection method that suit you best. About half of the total 1,945 units are for Newlywed Hope Town, and the remaining 2,388 units are public sales. Among the public sales, 85% are special supply units for newlyweds, first-time homebuyers, multi-child families, etc. The general sale, which accounts for only 15%, selects winners based on the amount saved in the subscription account for units over 40m², and by the number of payments for units 40m² or less, making it practically difficult for the 20s and 30s age group to win.

Be cautious of the possibility of price increases at the time of the main subscription. If land prices or construction costs rise at the time of the main subscription, the sale price may be adjusted. The Ministry of Land, Infrastructure and Transport explained, "We plan to minimize fluctuations to the level of inflation to prevent excessive changes in sale prices."

Even if your annual income increases after winning the pre-sale subscription and you no longer meet the income requirements, your winning will not be canceled. This is because additional income and asset requirements are not reviewed. After winning, you can still sell the house or apply for other general subscriptions, but in such cases, you must forfeit the pre-sale subscription.

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