Once Essential, But Cancellations Hit 8.2 Trillion Won

The housing subscription savings account, once considered an essential prerequisite for purchasing a home.

However, as apartment subscription prices soar recently, subscription accounts are being shunned.

Cancellations alone reached 8.2 trillion won through July.

With loan hurdles rising and subscription prices skyrocketing, while new developments decrease and competition for winning becomes even fiercer, an increasing number of people are questioning whether subscription accounts hold any meaning.

Experts advise that while subscriptions are not the sole means of securing a home, they remain a method still worth considering as a priority.

First, homeless individuals with high subscription point scores need to maintain their accounts and aim for a winning spot.

In addition, if you can utilize special supplies such as for newlywed couples, households with multiple children, or first-time homebuyers, it is advisable to keep your subscription account and steadily look into available units that suit you.

Those targeting public housing are also advised to keep their subscription accounts because, unlike the point-based system for private housing, the number of subscription savings deposits and other factors serve as important criteria.

(Source: Segye Ilbo)
※ Please note: This article was translated by AI and may contain errors.