[Taemin Ryu's Real Estate A to Z] Newlywed Hope Town vs Special Supply... Which Subscription Strategy Is More Advantageous for Newlyweds?

If Income Qualifies for Priority Supply or Marriage Duration Is Short, Special Supply Is Advantageous
Newlywed Hope Town, with a 70% General Share, Should Be Chosen If Income Is High

[Asia Economy Reporter Ryu Tae-min] On the 16th, the pre-subscription schedule for 32,000 public sale apartments in the 3rd phase new towns in the metropolitan area and major housing sites has intensified a strategic competition among homebuyers aiming to increase their chances of winning. Some supply types have overlapping eligibility criteria, deepening the dilemma for newlyweds or soon-to-be newlyweds. Here is a niche strategy to increase the chances of winning the pre-subscription.

If monthly income is 6.03 million KRW or less, ‘Special Supply for Newlyweds’ is advantageous

The basic income requirements for ‘Special Supply for Newlyweds’ and ‘Newlywed Hope Town’ are the same. Since the income criteria for Newlywed Hope Town were relaxed in February this year, both types allow applicants with a single-earner monthly average income of 7.84 million KRW (dual-earner 8.44 million KRW) or less to apply.

On the other hand, if the income is lower, at 6.03 million KRW (dual-earner 7.23 million KRW) or less, it is more advantageous to apply for the Special Supply for Newlyweds. This is because the Special Supply for Newlyweds prioritizes 70% of the total supply, and meeting this income requirement qualifies applicants for priority supply.

The Newlywed Hope Town type also has priority supply, but it accounts for only 30% of the total supply. Therefore, if the monthly income exceeds 6.03 million KRW for a single earner, applying for Newlywed Hope Town, where general supply accounts for 70% of the total, is a way to increase the chances of winning. Newlywed Hope Town prioritizes (soon-to-be) newlyweds or single-parent families who have been married within 2 years or have children aged 2 or younger. If you become a priority supply candidate, the selection is made based on a point system considering factors such as residence period and the number of subscription payments.

If the marriage period is short, special supply; if no children, Newlywed Hope Town

For newlyweds with a short marriage period, it is also worth aiming for the special supply. The point system for the Special Supply for Newlyweds awards points based on the marriage period: 3 points if within 3 years, 2 points if between 3 and 5 years, and 1 point if between 5 and 7 years. In contrast, Newlywed Hope Town does not offer additional point benefits except for the priority supply eligibility criteria.

On the other hand, if newlyweds have few or no children, it is more advantageous to aim for the priority supply of Newlywed Hope Town, according to subscription expert Jeong Ji-young, CEO of iOne. The evaluation criteria for the Special Supply for Newlyweds include the number of children, so if there are no children, it is difficult to gain an advantage in the point competition. Conversely, Newlywed Hope Town does not have a separate point system based on the number of children when selecting priority supply candidates, so the chances of winning do not decrease even without children.

Considering the sale price and loan conditions, Newlywed Hope Town is attractive. The biggest advantage of Newlywed Hope Town is its affordable sale price, set at about 70-80% of the market price. Additionally, loans of up to 70% of the sale price are available, making it an attractive option for newlyweds who lack initial capital. Therefore, if you do not qualify for the priority supply of the two types mentioned above and the chances of winning are similar, it is necessary to consider these factors as well.