'One Bailey' Level Popularity... First Perfect Score Holder for Local Subscription Savings Account This Year Emerges

Jeonbuk Jeonju-si 'Eco City The Sharp 4th'
Highest Winner Score 84 Points
Second This Year Following Last Month's 'One Bailey'
Affordable Sale Price and Residential Specialized New Town Popularity Factors

This year, for the first time, a 'perfect score' subscription savings account appeared outside the metropolitan area. The protagonist is Jeonbuk Jeonju's 'Eco City The Sharp 4th Phase,' which boasts a sale price cheaper than the market price. Experts analyzed that the 'sorting of gems and stones' according to the characteristics of regions and complexes is becoming more pronounced even in provincial areas.

According to the Korea Real Estate Agency's Subscription Home on the 13th, a perfect scorer with a top score of 84 points won in the 84㎡ exclusive area type of Eco City The Sharp 4th Phase, whose winners were announced that day. This means that the applicant met all the criteria: six or more dependents (35 points), more than 15 years of non-homeownership (32 points), and more than 15 years of subscription savings account membership (17 points). It is the first time in three years that a perfect scorer has appeared in an apartment complex outside the metropolitan area. In July 2021, a perfect scorer appeared in Sejong City's 'Sejong Xi The City' (84㎡ P type). In Seoul, a perfect scorer appeared last month. A perfect score subscription account came from one canceled unit by a union member at Seocho-gu's 'Raemian One Bailey.'

Eco City The Sharp 4th Phase, built by POSCO E&C in Songcheon-dong, Deokjin-gu, Jeonju City, is being developed with a total of 576 households. Of these, 354 units are for sale excluding special supply. In the first-priority subscription held on the 4th, 67,687 households applied, recording an average competition rate of 191.2 to 1.

The reasons for its popularity include the affordable sale price and good location. This complex is located in Block 16 of the public housing site 'Eco City,' where the sale price ceiling system was applied. The exclusive 84㎡ units were priced between 413.6 million and 437.9 million KRW. This is lower compared to the market prices of nearby complexes, such as 'Eco City Decian 14 Block' 84㎡ (575 million KRW as of last May) and 'Forena Jeonju Eco City' 84㎡ (550 million KRW as of last September). It is interpreted that those with high scores expected capital gains of over 100 million KRW and threw in their subscription savings accounts in large numbers.

Park Jimin, CEO of Wolyong Subscription Research Institute, explained, "Eco City is a residential specialized district, attracting investments from asset owners and renewing record prices, raising expectations for price increases. Therefore, there were many applicants not only from Jeonju but also from nearby areas." He added, "Typically, high-score subscription savings accounts come from areas that can absorb high sale prices, such as the metropolitan area and large cities, so it is a very unusual phenomenon for one to appear in a provincial capital." He explained, "Cases where the individuality of the region and complex, such as school districts, proximity to work, and transportation benefits, determine subscription results will continue to appear."

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