'Lotto Apartment' Craze Drives 1.8 Million Increase in Subscription Account Holders in One Year

Over 25 Million Subscribers to Housing Subscription Savings Last Year
Annual Increase Exceeds 1.8 Million, Highest Since 2009

[Asia Economy Reporter Kangwook Cho] Last year, the number of subscribers to the Housing Subscription Comprehensive Savings exceeded 25 million. Due to the soaring apartment prices, the demand for securing a home through subscription surged, with the number of subscribers surpassing 1.8 million throughout the year, setting a record high.

According to the subscription account subscription status on the Korea Real Estate Board's Subscription Home as of the end of December last year, the nationwide number of Housing Subscription Comprehensive Savings subscribers was 25,559,156, an increase of 1,803,055 compared to 23,756,101 subscribers at the end of December 2019.

This is the highest annual increase since the account was launched in 2009 (excluding the subscription account integration period in 2015). The Housing Subscription Comprehensive Savings, launched in 2009, was integrated with Subscription Savings, Subscription Deposit, and Subscription Installment Savings in 2015.

The Housing Subscription Comprehensive Savings is currently the only account available for new subscriptions and allows applications for both public and private apartments, earning it the nickname "all-purpose subscription account."

The annual number of subscribers to the Housing Subscription Comprehensive Savings ranged from 400,000 to 1 million between 2010 and 2014. After the subscription account integration period in 2015, the annual number of subscribers increased to between 1.1 million and 1.6 million from 2016 to 2019. Last year, the number of subscribers surged, breaking the annual record.

The total number of subscription account subscribers, combining Housing Subscription Comprehensive Savings, Subscription Savings, Subscription Deposit, and Subscription Installment Savings, reached 27,224,983, which far exceeds half of South Korea's current population (approximately 51.83 million).