It was found that the average subscription score for complexes sold in Seoul last year hit a record high.
According to the Korea Real Estate Board (REB) on the 1st, the average subscription score for Seoul apartments last year was 65.81 points. This is the highest figure since related statistics began to be released in 2020. After the price ceiling on presale units was implemented, Seoul apartment subscription scores showed overheating and continued to rise.
The average subscription score, which was around 50 points in 2019, rose to 59.97 points in 2020 and climbed to 62.99 points in 2021. Then, in 2022, when housing prices plunged due to an economic slump and interest rate hikes, it fell to 47.69 points. It then rose from 56.17 points in 2023 to 59.68 points in 2024, and last year it exceeded 65 points.
It was confirmed that high-scoring accounts were concentrated in apartments in the Gangnam area. As many complexes were subject to the price ceiling on presale units, expectations for capital gains spread. In Aug. last year, for Jamsil LE | EL in Sincheon-dong, Songpa District, which was offered to the general public, a perfect-score account of 84 points was submitted for an exclusive area of 74.5 square meters. In Oct. last year, an 82-point account came in for an exclusive 84.9 square meters at Raemian Trini One in Banpo-dong, Seocho District. The average subscription scores for the two complexes were 74.81 points and 74.88 points, respectively.
This is a score that is difficult to reach even if one receives top marks for the period without owning a home (32 points for 15 years or more) and the subscription account holding period (17 points for 15 years or more). It can only be achieved if, excluding the applicant, there are four dependents (25 points) or five dependents (30 points). For young people without dependents or older adults whose children have married and set up separate households, winning in the points system is virtually impossible.