Magok 'Half-Price Apartment' Special Supply Pre-Reservation Competition Rate 53 to 1

Seoul Housing and Communities Corporation (SH Corporation) announced on the 18th that the special pre-reservation for the Magok 10-2 Complex land leasehold sale housing (New:Home Sharing Type) recorded an average competition rate of 53 to 1.

For the supply of 208 units of exclusive 59㎡, 11,109 applicants applied. By type, the Youth Special Supply attracted 7,284 applicants for 39 units, recording the highest competition rate of 187 to 1.

The Newlywed Couple Special Supply had 2,436 applicants for 104 units (23 to 1), and the First-Time Homebuyer Special Supply had 1,389 applicants for 65 units (21 to 1).

The general supply application for Magok 10-2 Complex will be held from 10 a.m. on the 18th to 5 p.m. on the 19th.

The general supply is open to members of households without housing residing in Seoul, Gyeonggi, and Incheon who have subscribed to the tenant savings account and meet income and asset requirements. The income standard is 7.62 million KRW or less for a family of four, and assets must be 379 million KRW or less.

Among them, those who have subscribed to the tenant savings account for more than one year and have paid the monthly agreed amount at least 12 times can apply as priority supply (first priority). Detailed eligibility requirements can be found in the tenant recruitment announcement.

The winners will be announced on November 2. Afterwards, additional screening will be conducted to confirm eligibility based on residence qualification, income, assets, and housing status.

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