The proportion of apartment sales allocated through special supply for families with multiple children and newlyweds that is actually supplied to end users is only 28.5%. The percentage of special supply applications that fell short and were converted to general supply exceeded 20%.
According to a report titled 'The Actual Operation Status and Challenges of the Special Supply Subscription System' released by the Korea Construction Industry Research Institute on the 24th, an analysis of subscription data for 860,095 households provided by Chungyak Home from January 2020 to June 2024 revealed that the special supply ratio was 48.5%. This indicates that the proportion of special supply in the overall allocation is close to half.
However, the percentage of actual apartment supply from this was only 28.5% of the total supply. Although approximately 5 households were allocated as special supply out of a total of 10, the actual number of households that proceeded with special supply was just 3.
If the units allocated for special supply fail to find applicants, they are converted to general supply, with this percentage reaching 20.5% of the total supply. Since the housing market deteriorated in 2022, the popularity of subscription accounts has declined, and the ratio of special supply being converted to general supply has consistently exceeded 20%.
By region, Seoul, Sejong, and Jeju mostly led to actual special supplies. However, in Gyeongbuk, Ulsan, and Chungnam, the proportion of converted general supply exceeded 30%. By application type, the failure rates in finding subscribers were high for families with multiple children (73.0%), institutional recommendations (62.5%), and caring for elderly parents (61.6%).
The report argued that while expanding supply types with high demand, such as first-time buyers and newlyweds, it is necessary to adjust types with high shortfall rates, such as families with multiple children and institutional recommendations. Additionally, it suggested that empirical verification of the policy effects of the special supply system is necessary in the long term.
The report stated, "As demand disparities by region and product type continue to expand, there is concern that the efficiency of subscription operations may be hindered, making system improvements urgent."