Subscription demand in Q1 this year increased by 21.4% compared to last year

[Asia Economy Reporter Hwang Seoyul] In the first quarter of this year, the subscription market attracted more demanders than last year. Contrary to the early-year expectations that the market would cool down due to loan regulations such as DSR and the presidential election issue, it performed well.

According to Real Today, a real estate research firm, from January 1 to March 31 this year, a total of 719,271 first-priority subscription accounts (including private pre-subscriptions) were gathered for 113 complexes nationwide based on Korea Real Estate Subscription Home data. The average competition rate was 18.1 to 1, and the first-priority closing rate was 56.6%.

This is a 21.4% increase compared to 592,479 accounts (88 complexes) during the same period last year. Although the average competition rate decreased compared to last year (19.7 to 1), the first-priority closing rate (53.4%) actually increased.

In the metropolitan area, first-priority subscription accounts totaled 286,155, a 13.2% decrease compared to the same period last year, while the provinces recorded 433,116 accounts, a 64.7% increase. Although the metropolitan area generally slowed down, many subscription accounts were concentrated in new towns and housing sites such as Geomdan and Pyeongtaek Godeok New Town, and Osan Segyo 2 District, where prices were reasonable.

The area with the highest number of first-priority subscription accounts in the provinces was Sejong (5 complexes, 187,103 accounts). Busan followed with 67,754 accounts.