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부동산(Real Estate)

Housing Subscription Explained: Boost Your Chances of Getting Your Dream Home

by 머니박스79 2024. 11. 23.
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"Housing Subscription Explained: Boost Your Chances of Getting Your Dream Home"

Meta Description: Learn everything about housing subscriptions in Korea! From account types, scoring systems, and eligibility criteria to strategies for increasing your chances of winning a house. A complete guide optimized for Google SEO.


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What Is Housing Subscription in Korea?

Housing subscription is a system in Korea that allows individuals to apply for new apartments provided by the government or private developers. By opening a housing subscription account, eligible applicants can participate in housing lotteries and potentially purchase homes at prices lower than market value. It is especially beneficial for first-time homebuyers and non-homeowners, making it an essential step in homeownership.


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Types of Housing Subscription Accounts

1. Types of Accounts

Choosing the right housing subscription account is crucial as it determines the type of housing you can apply for.

1. Housing Subscription Savings

Target Audience: Individuals aiming for public housing (e.g., national housing).

Key Features: Designed for low-income and non-homeowners.

Benefits: Scores are based on the deposit amount, giving an advantage to long-term savers.



2. Comprehensive Housing Subscription Savings

Target Audience: Suitable for both public and private housing.

Key Features: The most versatile account for all housing types.

Benefits: Eligible for national and private housing applications once first-priority conditions are met.



3. Housing Installment Savings

Target Audience: For individuals applying for private housing over 85㎡.

Key Features: Allows saving in installments to qualify for larger apartments.

Restrictions: No new accounts allowed—existing account holders only.



4. Housing Subscription Deposit

Target Audience: High-income earners applying for private housing.

Key Features: Deposit amount determines the size of the apartment you can apply for.





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2. Account Requirements

1. Age Requirement: Must be 19 years or older to open an account.

Exceptions for minors who are household heads.



2. Deposit Range: Monthly deposits between KRW 20,000 and KRW 500,000.

Higher deposits improve scoring and eligibility.



3. Tax Benefits: Eligible for income tax deductions of up to KRW 2.4 million per year.




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Types of Housing and Eligibility

1. Public Housing (National Housing)

1. Target Audience: Non-homeowners and low-income households.


2. Requirements: Must meet income and asset thresholds.


3. Advantages: Affordable prices due to government subsidies and price caps.


4. Special Allocations: High priority for newlyweds, large families, and individuals with disabilities.



2. Private Housing

1. Target Audience: Private housing by real estate developers.


2. Requirements: Must meet subscription account duration (minimum 1 year) and deposit requirements.


3. Key Features: Competitive due to prime locations and high-end facilities.


4. Deposit Requirements by Region:

Seoul: KRW 3 million or more for apartments under 85㎡.





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Housing Subscription Scoring System

1. Scoring System (Point-Based Selection)

1. Key Categories for Points:

Non-homeownership Duration: Up to 30 points (maximum of 15 years).

Dependent Family Members: Up to 35 points (maximum of 6 members).

Account Duration: Up to 17 points (maximum of 15 years).

Total Points: 84 points maximum.



2. How to Increase Your Score:

Increase the duration of non-homeownership by selling owned properties.

Add parents or children as dependents in your household.

Consistently contribute to your subscription account.





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2. Lottery System (Random Selection)

1. Eligibility: Applies to apartments over 85㎡ and certain private housing projects.


2. Features: A random draw provides opportunities for applicants with lower scores.


3. Allocation Ratio:

Metropolitan areas like Seoul allocate 25% of units through the lottery system.





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Practical Strategies to Increase Your Chances

1. Achieve First-Priority Status

1. Account Duration: Maintain your subscription account for at least 2 years.


2. Deposit Regularly: Contribute KRW 100,000 monthly for higher scoring.


3. Household Head Status: Ensure you are listed as the head of your household.



2. Research Local Housing Projects

Why It Matters: Housing availability and competition levels vary by region.

Pro Tip: Focus on areas with higher priority allocation for local residents.


3. Leverage Special Allocations

Newlyweds: Married within the last 7 years qualify for special allocations.

Large Families: Families with 3 or more children have higher chances.

First-Time Buyers: Special programs favor first-time homeowners.



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Pros and Cons of Housing Subscription

1. Advantages

1. Affordable Pricing: Government-regulated pricing ensures below-market rates.


2. Secure Homeownership: Aimed at helping non-homeowners.


3. Investment Potential: Homes in prime areas often experience significant value appreciation.



2. Disadvantages

1. High Competition: Popular areas face intense competition.


2. Scoring Pressure: Low scores can drastically reduce chances of winning.


3. Long Wait Times: Construction and allocation may take 2–5 years.




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Frequently Asked Questions (FAQs)

Q1. When should I open a housing subscription account?
A: The sooner, the better. Account duration is a key scoring factor, so early enrollment is advantageous.

Q2. What qualifies as non-homeownership?
A: You and your household members must not own any residential property.

Q3. Can I win a housing subscription with low scores?
A: Yes, through lottery-based allocation. Focus on projects with a higher lottery ratio.


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Conclusion: Start Your Journey to Homeownership Today

Housing subscription is an essential tool for first-time homebuyers in Korea. By managing your account, understanding the scoring system, and applying strategically, you can significantly increase your chances of success. Use this guide to navigate the housing subscription process and move closer to owning your dream home.







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