It turned out that to be allocated a public dwelling with subscriptions recently, the subscription savings deposit had to be at least more than 19 million won. In public dwellings such as Gwacheon, Gyeonggi, where the subscription competition rate exceeded 800 to 1, the minimum subscription savings deposit to secure "my home" was close to 30 million won. As public sales in the Seoul metropolitan area, including the third new towns, get into full swing this year, the subscription cutoff disclosed this time is expected to serve as a benchmark for end users targeting public dwelling sales to gauge their chances of winning in advance.
According to Subscription Plus of Korea Land & Housing Corporation (LH) on the 20th, the average minimum subscription winning line for general supply of public-sale dwellings at four sites disclosed by LH this year (recognized subscription savings deposit amount, priority supply first rank) was 19.39 million won. The four public dwelling districts whose subscription winning lines were disclosed in the previous month are Guri Galmae Station Area A-4 block, Namyangju Jinjeop 2 B-1 block, Gwacheon Juam C1 block, and Gimpo Gochon 2 A1 block.
The place with the highest minimum subscription winning line is Gwacheon Juam C1 block. Gwacheon Juam C1 block drew 11,849 applications for 14 households with an exclusive area of 84㎡, recording a competition rate of 846.36 to 1. There were 2,033 subscription applicants residing in Gwacheon and 9,816 residing in the metropolitan area. The lowest recognized subscription savings deposit amount among those who won priority supply (first rank) here was 29.6 million won. The highest recognized subscription savings deposit amount was 32 million won.
In the case of Guri Galmae Station Area A-4 block, the lowest recognized subscription savings deposit amount among winners for the exclusive 59㎡ was 21.05 million won. Among winners, the highest recognized subscription savings deposit amount was 27.05 million won. For this public dwelling, the subscription winning line in the Gyeonggi region was 26.75 million won, higher than the cutoff in the applicable district and other regions.
For Namyangju Jinjeop 2 B-1 block, the lowest winning line in the applicable district for the exclusive 74㎡ was 20.13 million won, with the highest at 22.95 million won. In the Gyeonggi region, the lowest winning line was 23.3 million won, with the highest at 24.75 million won.
In the case of Gimpo Gochon 2 A1 block, the lower bound of the recognized subscription savings deposit amount was lower than in other regions. For the exclusive 59㎡B, the cutoff for the recognized subscription savings deposit amount was only 5.54 million won. The highest recognized subscription savings deposit amount was 13.47 million won.
LH decided in Aug. last year to disclose the winning lines (cutoffs) for general supply winners of public sales. The aim is to enhance the fairness and transparency of the public-sale subscription system by disclosing the upper and lower bounds of the recognized subscription savings deposit amount. However, for special supply, winners are selected by highest total score and lotteries for ties, so the information on recognized subscription savings deposit amounts has limited effectiveness and will not be disclosed.
With the winning lines for public-sale dwellings that conducted subscriptions this year now disclosed, prospective applicants are expected to be able to gauge their likelihood of winning in advance and establish subscription strategies accordingly. An LH official said, "In the metropolitan area, the recognized subscription savings deposit amount required to win is relatively high, so keeping the subscription account and continuing deposits will help increase the chances of winning."
The Ministry of Land, Infrastructure and Transport plans to sell 29,000 public dwellings this year in Seoul Godeok Gangil, Goyang Changneung in Gyeonggi, Namyangju Wangsuk 2, Bucheon Daejang, and Hwaseong Dongtan 2. This is a 32.2% increase from last year's supply (22,000 households).