Office-tel Subscription 'Under 100 Units' Unbeaten Winning Streak

Investors Eligible for Resale Flock

Deok-eun DMC Aileen's Garden Central

As regulations on the housing market tighten, demand for officetels as an alternative continues, with officetels under 100 units in particular leading the subscription frenzy.

According to the Korea Real Estate Board's Subscription Home on the 27th, the ‘Deok-eun DMC Aileen's Garden Central (Blocks 8, 9, 10)’, which received subscription applications the day before, attracted 9,117 applicants for a total of 210 units, recording an average competition rate of 43 to 1. The highest competition rate was 227 to 1 for the 84㎡ exclusive area unit in Block 10 (priority given to residents of Goyang City). Even for the general type available nationwide, a high competition rate of 210 to 1 was recorded. While Blocks 8 and 9 showed double-digit competition rates, Block 10 recorded an unusually high competition rate due to the ‘resale allowed’ condition. Block 10 supplied 66 units and avoided resale restrictions.

This is interpreted as being because it was developed with fewer than 100 units, allowing resale of the pre-sale rights. Officetels with 100 or more units supplied in speculative overheating zones and regulated areas are prohibited from resale until ownership transfer registration, but complexes with fewer than 100 units are exempt. Winners can sell their pre-sale rights with a premium at any time after winning.

An analysis of 85 officetel complexes sold last year showed that 4 out of the top 5 with the highest subscription competition rates were complexes with fewer than 100 units. The complex with the highest average subscription competition rate was ‘Hillstate Gwacheon Government Complex Station’, sold in Gwacheon, Gyeonggi Province, last October. With 89 units offered and about 124,000 applicants, it recorded an average competition rate of 1,398 to 1.

The popularity continues this year as well. According to real estate research firm Real Today, officetels nationwide recorded an average competition rate of 10.5 to 1 in the first quarter of this year, with 40,2356 applications for 4,018 units. This is 2.5 times the officetel subscription competition rate nationwide in the first quarter of last year (4.2 to 1). The Daejeon Haneulchae Sky& 2nd officetel, which was the first to receive resident recruitment applications this year, attracted 12,530 applicants for 50 units, and Seoul Hillstate Cheongnyangni Metroble recorded an average of 127 to 1.

An official from the sales industry said, "Due to the supply shortage and regulatory balloon effect in the housing market, officetels have emerged as an alternative for residence and investment," adding, "Especially, officetels with fewer than 100 units that allow resale have attracted a large number of investors seeking short-term profits, sustaining the subscription frenzy."

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