Housing subscription winners 10out of 6were 30or younger, while the competition rate for price-capped complexes was 18.5to one 1

According to age-specific data compiled by the Korea Real Estate Board, among the 1–3 nationwide housing subscription winners this year, 1ten thousand 4241 people, the proportion aged 30or younger was 58%. This figure stopped its recent decline and rebounded this year. The data include winners of special allocations for newlyweds and first-time homeowners, among others.

1As of the quarter, the proportion aged 30 was 2021% in 52.7year, fell to 47.7% last year, and rose again this year. The government expanded special-allocation categories focused on actual-demand households, including newlyweds, first-time homeowners, unmarried young people, and households with newborns. As a result, housing subscription participation by younger people became more active.

Private apartments allocate up to 50% of total supply to special allocations, while public housing allocates about 80%. Special allocations are known to have a lower points burden than general allocations. As a result, applications from younger people who meet specific conditions are increasing.

The special-supply offering for Gongdeok Station Xi Rene in Dohwa-dong, Mapo-gu, Seoul received 6,662applications, producing an average competition ratio of 70.87to 1. The complex is classified as a case that has attracted significant interest in terms of location and sale prices. Similar cases have also been reported in other regions.

The special-supply offering for Anyang Everfore Natural & e-Pyeonhansesang in Anyang, Gyeonggi Province received 271applications for 4,643. This complex also drew a large number of applicants. The trend of intensifying subscription competition, centered on special supplies, is repeating.

According to data compiled by the Korea Housing & Urban Guarantee Corporation, as of 4 this year, the average sale price per square meter for private apartments in the Seoul metropolitan area was 3.3 ten thousand won, up 3,470% year on year. The industry explains that rising construction costs are the main cause of higher sale prices. The increasing burden of sale prices is affecting the choices of prospective buyers.20.2.

According to data compiled by Real Estate R, the average 114 ranking competition ratio for complexes subject to the price cap was 1 to 18.5, while that of ordinary complexes was 1 to 7.3. Demand concentration in price-cap complexes has been confirmed. Interest is growing in price-cap complexes scheduled for supply during the year.1 The complexes are drawing attention.

According to the Korea Institute of Civil Engineering and Building Technology, the 4 construction cost index (provisional) was 136.88, marking the highest level since records began. The index has continued to rise for 8 consecutive months since 8.