With the government's June 27 loan regulations in place and a housing supply drought in the metropolitan area continuing, non-queue subscriptions will take place in parts of Seoul and Gyeonggi Province starting this week. Most of the non-queue subscription complexes being held this month are places that have announced recruitment notices for occupants after the government's announcement of the 600 million won mortgage limit, meaning they are subject to the loan regulations. Additionally, even for non-queue subscriptions, the timing for the payment of interim deposits and final balances varies, and the amounts can differ significantly, so it appears necessary to carefully review this and establish funding plans. Some subscriptions require several hundred million won as a final balance within three months, while others allow for payment after three years.
According to the Korea Real Estate Board (REB) on the 7th, the site with the most housing units being supplied among major complexes in Seoul and Gyeonggi Province holding non-queue subscriptions this month is 'Gocheok Prugio Hillstate' in Guro District, Seoul. An unusually high number of 39 units will be supplied through non-queue subscription. Subscriptions will be accepted starting on the 8th. Subscription qualifications include members of non-homeowner households residing in the metropolitan area. Subscriptions can be made through the subscription home. The apartment complex, consisting of 983 units across 10 buildings, is being developed at 148 Gocheok-dong, with 4 basement levels and 25 above-ground floors, and is constructed by Hyundai Engineering and Daewoo E&C.
The complex is well connected to the city center, close to the subway Line 1 Capung Station and Line 2 Yangcheon District Office Station, as well as major road networks such as Gyeongin Road, Southern Circular Road, and Western Main Road. Community facilities such as a sky lounge and guest house are also planned. A representative from Daewoo E&C noted, "This is a popular complex where over 90% of contracts were completed shortly after the first sale in mid-June," adding that "some supply remains available for non-queue subscription, but it is expected to sell out quickly."
Looking at the housing units available in this non-queue subscription by exclusive area, there are ▲ 19 units of 59㎡ (18 units of 59B and 1 unit of 59D) ▲ 20 units of 84㎡ (19 units of 84A and 1 unit of 84C). The selling price ranges from 922.5 million won to 992.2 million won for the exclusive 59㎡ units, and 1.2 billion won to 1.2406 billion won for the 84㎡ units.
Although the mortgage limit is set at 600 million won, it is also an advantage that there is no immediate need to prepare the interim deposit or final payment. The contract deposit of 10% can be made in two payments: on the contract date of the 17th and within one month after the contract date. The interim payment of 60% can be made in six installments from November 30, 2025, to January 31, 2028. The final balance of 30% is due on the designated move-in date. As the expected move-in date is currently set for August 2028, there is time of over three years to arrange funds.
The 'Olympic Park Foreon' in Dunchon-dong, Gangdong District, will also accept non-queue housing subscriptions this week. It is a major apartment complex near Olympic Park, attracting significant attention. As of the recruitment announcement date on the 4th, if members of non-homeowner households reside in Seoul, they can subscribe on the 10th and 11th through the subscription home. A subscription account is not required. A total of four units will be supplied in exclusive areas of 39㎡, 59㎡, and 84㎡.
The selling prices are based on the original prices when they were first supplied in 2022: 6.944 million won for 39㎡ (5th floor), 10.519 million won for 59㎡ (22nd floor), 12.36 million won for 84㎡ (2nd floor), and 12.933 million won for 84㎡ (15th floor). Since this is an already completed complex, considering current market prices, there is also the potential for a price difference of over 1.5 billion won.
However, a disadvantage is the tight timing for the interim payment and final balance payment. If selected, contracts will be on the 21st, and the 10% deposit must be paid on that day. Additionally, the remaining 90% of the final balance must be fully paid by October 21. The final balance for 39㎡ is 624.96 million won, while for 59㎡ it is 946.71 million won. The 84㎡ on the 2nd floor has a final balance of 1.1124 billion won, and the 84㎡ on the 15th floor has a final balance of 1.16397 billion won.
Meanwhile, the 'Gonjiam Station Jeil Pungkyungchae' in Gwangju, Gyeonggi Province, will also accept non-queue subscriptions for eight units on the 8th. The winner announcement date is the 11th, and the contract date is the 13th. Located at 636 Gonjiam-ri, Gonjiam-eup, Gwangju City (Gonjiam Station District A1-1 block), the complex will consist of 565 units across 2 basement levels and 22 above-ground levels. All eight units will have an exclusive area of 84㎡, and the supply amount ranges from 580 million won to 599 million won. The 5% deposit will be divided into payments made on the contract date and within 15 days after the contract date. The interim payment of 60% will be made in six installments from August 25, 2025, to April 16, 2027. The final balance of 35% is to be paid on the designated move-in date, which is expected to be in August 2027.
Park Ji-min, head of the Wolyong Subscription Research Institute, explained, "Gocheok Prugio Hillstate is a complex with high interest among prospective buyers, while Olympic Park Foreon is in high demand from both prospective buyers and investors looking to gain price differences."
Jang So-hee, senior asset management consulting officer at Shinhan Investment Corp., noted, "The supply shortage in Seoul is intensifying," and advised that "when complexes subject to the price cap come out for non-queue subscriptions, it is necessary to actively strategize for subscriptions."
According to the distribution industry, the expected number of apartments to be moved into in Seoul next year is 28,355 units, which is a 39.3% decrease from this year (46,738 units). In 2027, it will drop to 8,803 units.