Hot Subscription Fever in Incheon and Gyeonggi... December New Apartment Sales 'Eye-catching'

Ultimately Subscription... Real Demand for Home Ownership in Incheon and Gyeonggi
Newly Launched Incheon Complex Enjoying Seoul Living Area, ‘ePyeonhanSesang Bupyeong Granghills’ Opens in December

As Seoul housing prices show ultra-strong momentum, demand for homeownership is increasing in the Incheon and Gyeonggi areas, which have competitive prices compared to surrounding market prices.

In particular, due to various real estate regulations such as the Three Lease Laws, even the supply of jeonse (long-term lease) in Seoul is insufficient, raising consumer interest in new complexes even higher.

Because of this, the number of subscription savings account holders in the Incheon and Gyeonggi areas is also increasing significantly. Experts analyze that as it becomes difficult to purchase homes due to continuous price increases and various regulations on loans, actual demand is once again focusing on subscription savings.

According to Cheongyak Home, as of the end of last October, the total number of nationwide housing subscription savings account holders was 25,273,051. Compared to the end of June (24,684,665), right after the real estate measures were implemented, this is an increase of 2.33% (588,386 people) over four months. The growth rate for the same period last year (June to October) was 1.85%.

Incheon and Gyeonggi account for 32% (8,180,504) of the total subscribers, making them the regions with the most subscription savings accounts nationwide. Especially at the end of October, new subscribers in Incheon and Gyeonggi numbered 57,736, which is 40,335 more than Seoul’s 17,401 new subscribers.

Above all, most areas in Incheon and Gyeonggi are high-priced housing management zones, where the sale prices of new apartments are set lower than surrounding market prices, increasing the number of demanders expecting capital gains from winning subscriptions. Accordingly, subscription competition rates are also high.

In June, ‘Bupyeong SK VIEW Haemoro’ in Incheon attracted 57,621 applicants for 547 units, closing the first priority subscription with an average competition rate of 105.34 to 1. In July, ‘Gwacheon Prugio Bellarte’ in Gyeonggi also succeeded in closing the first priority subscription with a high competition rate of 135.06 to 1, with 47,270 applicants for 350 units.

Meanwhile, Daelim Industrial has attracted public attention by announcing a new December sale in Incheon. The project is ‘e-Pyeonhansesang Bupyeong Grand Hills,’ a large complex of 5,050 units across 31 buildings from three basement floors to 43 floors above ground, located at 36-6 Cheongjeon-dong, Bupyeong-gu, Incheon.

General sales will supply 2,902 units, mostly small types with exclusive areas of 59㎡, expected to be highly preferred by actual demanders such as newlyweds without homes who found it difficult to purchase housing due to burdensome prices.

The housing exhibition hall is scheduled to open in December at 90-1 Pyeongcheon-ro, Bupyeong-gu, Incheon (next to Cheongcheon Elementary School).

This content was produced with the assistance of AI translation services.