[Real Estate Investment] "Seize the Chance to Own a Home"... 4,700 Pre-Subscription Units Start in July

Apartment complex in the Seoul area (Photo by Yonhap News)

[Asia Economy Reporter Ryu Tae-min] Starting from the 25th, the third pre-sale of this year began, targeting 4,763 households in the 3rd phase new towns such as Namyangju Wangsuk and Goyang Changneung. The supply volume has significantly increased compared to the second pre-sale of this year (1,316 households), and the supply focused on areas with high demand from buyers. The estimated sale prices are mostly in the range of 300 million to 600 million KRW, which is about 60-80% of the surrounding market prices. Experts advise that aiming for special supply, which has a relatively large volume, is a way to increase the chances of winning.

Pre-sale Begins for 4,763 Households Including Namyangju Wangsuk

According to the Ministry of Land, Infrastructure and Transport, in July, the 3rd phase new towns such as ▲Namyangju Wangsuk (1,398 households) ▲Namyangju Wangsuk 2 (429 households) ▲Goyang Changneung (1,394 households) will be supplied. In addition, the 2nd phase new towns ▲Hwaseong Taean 3 (632 households) and ▲Pyeongtaek Godeok (910 households) are also included.

Since all pre-sale units are subject to the price ceiling system, the sale prices are expected to be set at 60-80% of the surrounding market prices. According to the Ministry, in Namyangju Wangsuk, where pre-sale will be held in July, 59㎡ (exclusive area) houses will be supplied at 381 million to 412 million KRW, 84㎡ at 522 million to 568 million KRW, and in Goyang Changneung, 59㎡ units will be priced at 459 million to 476 million KRW, 84㎡ at 641 million to 667 million KRW. Hwaseong Taean will supply 84㎡ units at 375 million KRW, and Pyeongtaek Godeok will supply 59㎡ units at 376 million KRW and 84㎡ units at 491 million KRW.

This pre-sale volume is concentrated in areas of interest such as 2nd and 3rd phase new towns, and the 84㎡ units, which are highly preferred by actual buyers, account for 1,677 households, or 35.2% of the total. This is a significant increase of 424 units compared to the 6th pre-sale.

Special Supply is the Shortcut... Must Carefully Check Requirements

Pre-sale applications can be made by any household member without a home who resides in the relevant area as of the announcement date (15th) and is subscribed to the tenant savings account. However, some types require income and asset qualifications as well.

Experts advise that to increase the chances of winning, applicants should identify the special supply categories that are advantageous to them. This is because 85% of the pre-sale supply volume is allocated to special supply. Therefore, if eligible, aiming for special supply rather than general supply increases the chances of winning.

However, if multiple conditions apply, applicants should aim for the category with the higher chance of winning.

The most representative overlapping cases are newlyweds and first-time homebuyers. The special supply for newlyweds accounts for 30% of the total volume, making it one of the largest supplies, but the winning score criteria are high. In last year's pre-sale, a score of 11 out of 13 points was required to win. Especially for newlywed special supply, the presence or absence of children affects the outcome, so newlyweds without children or with low scores may find the first-time homebuyer special supply more advantageous.

If Special Supply is Not Possible, Aim for General Supply 'Residence Area Priority'

If you do not qualify for special supply, you should aim for general supply. General supply has fewer units and higher competition than special supply. However, it is possible to increase the chances of winning general supply as well. First, you should consider your residence area. This is because 50% of the total volume is preferentially supplied to residents who have fulfilled the mandatory residence period of up to 2 years in the relevant area.

In particular, Gyeonggi Province supplies units in the order of residents of the relevant city/county (30%), residents of Gyeonggi Province (20%), and residents of the metropolitan area (50%). Therefore, a resident of Namyangju City in Gyeonggi Province applying to the Namyangju Wangsuk district has three chances. Seoul and Incheon supply 50% of the units preferentially to residents of the relevant area, then supply the remaining units to metropolitan area residents.

To qualify as a resident of the relevant area, you must fulfill the mandatory residence period. Even if you have not fulfilled the residence period at the time of pre-sale application, you must fulfill it before the main sale. Since this period and the main sale timing differ by region, you should check carefully.

This pre-sale will be held from July 25 to August 1. From July 25 to July 27, applications for special supply (first-time homebuyers, newlyweds, multi-child families, elderly parents, others) will be accepted. From July 28 to July 29, applications for general supply 1st priority will be accepted. If there are remaining units in the general supply 1st priority, applications for general supply 2nd priority will be accepted on August 1.

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