Regulation Relaxation Effect?... February Trading Volume Increases and Subscription Competition Rates Rise

February Collective Building Sales Transactions Up 15.65%
Yeongdeungpo Dignity First-Round Subscription Competition Rate 200 to 1

The atmosphere in the pre-sale market is reversing as the government's real estate regulation easing coincides with the spring peak season. Large-scale branded complexes that have launched pre-sales are leading this trend by consecutively recording sell-outs.

On the 14th, Real House, a pre-sale evaluation specialist company, analyzed the collective building data from the Supreme Court's registration information plaza and found that the number of ownership transfer registrations last month totaled 36,859, a 15.7% increase compared to January (about 32,000 cases).

By region, Jeonbuk showed the highest increase rate of 125.8%, with 1,263 more transactions than in January, followed by Sejong at 56.7%, Jeonnam at 40.7%, Daegu at 35.2%, Gyeongbuk at 29.1%, Ulsan at 27.4%, and Seoul at 19.7%. Other regions such as Chungbuk, Incheon, Jeju, Gyeonggi, and Gangwon also recorded increases of over 10%.

Recently, the subscription competition rate has exceeded double digits, showing signs of a market turnaround. On the 7th, 'Yeongdeungpo Xi Dignity' in Yangpyeong-dong, Yeongdeungpo-gu, Seoul, which held a first-priority subscription, attracted 19,478 applicants for 98 units (excluding special supply), recording a competition rate of 198.8 to 1.

In the non-priority subscription for 899 units of 'Olympic Park Foreon' (Dunchon Jugong) apartments in Gangdong-gu, Seoul, 41,540 people applied, resulting in an average competition rate of 46.2 to 1.

In particular, from this month, with the shortening of the resale restriction period and the removal of residency and non-homeowner requirements for non-priority subscriptions, it is expected that demanders' interest in the subscription market will continue.

Kim Seon-ah, head of the pre-sale analysis team at Real House, said, "As the subscription competition rate rises, the waiting demand group that had been hesitant is expected to join the market," adding, "Since it is common for those who failed in subscriptions to retry with other complexes, there is a high possibility that the demand to use subscription savings accounts in the pre-sale market will increase."

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