Written by 11:46 AM Economics

Seoul metropolitan area’s top priority subscription competition rate in July ranks second highest in history.


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, ‘According to a real estate R114 report, the average competition rate for first-priority housing applications in the Seoul metropolitan area in July was 95.75 to 1. This is the second highest monthly figure since the introduction of online applications in 2007.’,
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, ‘This is about 12 times higher than the 8.02 to 1 seen in June, and the highest competition rate since 128.22 to 1 in November 2020.’,
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, “The increased competition in the housing market in the metropolitan area is attributed to the popularity of several sought-after development projects in Seoul and Gyeonggi Province this month. This is also due to the application of price ceiling regulations leading to the emergence of so-called ‘lottery applications.'”,
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, “The highest competition rate was recorded at ‘Pangyo Techno Valley Jungheung S-Class’ in Seongnam, Gyeonggi Province.”,
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, ‘Excluding the housing volume allocated through prior applications in 2022, the main applications this time attracted 28,869 applicants for 26 units, resulting in a first-priority average competition rate of 1,110.35 to 1.’,
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, “‘Dongtan Station Daebang Elium The Signature’ in Hwaseong saw 116,621 applicants for 186 units, with an average competition rate of 626.99 to 1, while ‘Gwacheon Dietrich Prestige’ in Gwacheon attracted 103,513 applicants for 453 units, resulting in a competition rate of 228.51 to 1.”,
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, “‘Mapo Zai Hills State Raches’ in Seoul also saw a three-digit competition rate of 163.95 to 1.”,
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, ‘It is analyzed by the housing industry that the final average competition rate for July could be even higher.’,
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, “This is because one of the recently sought-after complexes ‘Lamian One Pentas’ in Seocho-gu, Seoul, will be accepting first-priority applications on the 30th.”,
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, ‘(Photo Credit = Yonhap News)’,
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