This Year’s Resale in the Capital Area is 2.2 Times Last Year... Should 청포족 Try to Snatch Up?

[Asia Economy Reporter Kim Min-young] It has been revealed that 67.5% of the complexes sold in the metropolitan area this year were resold. This is 2.2 times higher than last year, indicating an increased opportunity to own a home without a subscription savings account.

On the 25th, Real House analyzed the sales information from the Subscription Home and found that among 80 complexes sold in the metropolitan area this year, 46 complexes held non-priority subscriptions, and 10 complexes accepted first-come, first-served contract applications. This survey was based on complexes that announced winners by the end of July. Compared to last year, the proportion of non-priority subscription complexes doubled, and the proportion of first-come, first-served contract complexes increased by 4.1 times.

Seoul had the highest proportion of non-priority subscription complexes in the metropolitan area at 70%. Last year, all 13 complexes sold were closed in the first priority round, but 7 complexes had uncontracted units. This year, 7 out of 10 complexes held non-priority subscriptions. There were no complexes conducting first-come, first-served contracts.

In Gyeonggi-do, 5 complexes conducted first-come, first-served contracts among last year's sales, but this year the number increased to 10. Among 55 complexes sold in Gyeonggi-do this year, 39 complexes were resold through non-priority subscriptions and first-come, first-served contracts, while in Incheon, 8 complexes were resold only through non-priority subscriptions.

Non-priority subscriptions refer to units that exceeded a 1:1 competition rate in general sales but remained uncontracted due to contract cancellations or disqualification of subscription winners. The Subscription Home announces recruitment notices and selects winners through a random lottery system. First-come, first-served contracts are for unsold units that occurred during the initial sale, and the sales company recruits on a first-come, first-served basis.

Although non-priority and first-come, first-served sales have similar characteristics, first-come, first-served sales have many advantages compared to non-priority subscriptions. Non-priority subscriptions can only be applied for by members of non-homeowner households in the relevant area, but first-come, first-served contracts are available regardless of residence, household head status, or homeownership. Additionally, the sales rights contracted through first-come, first-served contracts are not counted as housing units until move-in.

There are also differences in re-winning restrictions. Non-priority subscriptions have a re-winning restriction of 10 years in speculative overheated districts and 7 years in regulated areas, but first-come, first-served contracts have no re-winning restrictions.

Experts believe that if you carefully select the right complexes, the units picked up later can become valuable assets. Kim Sun-ah, head of the sales analysis team at Real House, explained, "Prices and sales prices are continuously rising, and it is worth paying attention to picked-up complexes mainly in the metropolitan area where demand exceeds supply," adding, "In areas where supply temporarily exceeds demand or in downtown and new towns, it is common for the market to eventually stabilize."

Complexes conducting non-priority or first-come, first-served contracts in regulated areas of the metropolitan area include ‘Incheon Doosan We've The Central’ built by Doosan Construction in Dong-gu, Incheon. ‘Jangheung Station Honorsville Bukhansan View’ built by SM Gyeongnam in Yangju-si, Gyeonggi-do is currently conducting first-come, first-served contracts. ‘Ganeung Station Howstory River Bliss’ built by Namyang Construction in Uijeongbu, Gyeonggi-do is scheduled for first-come, first-served contracts in September. DL E&C is conducting non-priority subscription contracts for ‘ePyeonhansesang Okjeong Leaders Garden’ in Yangju, Gyeonggi-do on the 26th. Daewoo Construction is conducting first-come, first-served contracts for ‘Yeongtong Prugio Tresence’ and ‘Yeongtong Prugio Pineville’ in Suwon, Gyeonggi-do.

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