Primary Subscription Competition Rate for Apartments Drops to 3:1 in February, Lowest in 23 Months
Published 10 Mar.2026 13:56(KST)
Three Consecutive Months of Decline Since November Last Year
Lowest Level Since March 2024
Last month, the primary subscription competition rate for private apartments recorded its lowest level in 23 months.
According to an analysis by Real House, a company specializing in subscription evaluation, of Korea Real Estate Board's Cheongyak Home data released on March 10, a total of 4,537 applicants competed for 1,497 units nationwide in the general supply primary subscription category in February, resulting in an average competition rate of 3 to 1.
This marks a decline for three consecutive months, following 7.5 to 1 in November last year, 6.2 to 1 in December, and 4.1 to 1 in January this year. Of the 11 complexes offered, five recorded a primary subscription competition rate below 1 to 1.
The nationwide primary subscription competition rate for private apartments is the lowest in 1 year and 11 months since March 2024, when it was 2.3 to 1. It is interpreted that this trend continued last month due to both the Lunar New Year holiday and selective subscription demand caused by the financial burden from the strong lending regulations announced in the October 15, 2023, real estate stabilization measures.
By region, subscription demand was concentrated in the Seoul metropolitan area. Out of the total 4,537 applications in February, 4,306 were for Gyeonggi Province and Incheon. The total number of applications in non-metropolitan areas was 231.
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