Thursday, July 2, 2026

"Where am I supposed to find 200 million won right now?" A sigh... Trusted the government's 600 million won, but it turned out to be '800 million'

Input
2026-07-02 09:00:00
Updated
2026-07-02 09:00:00
Panoramic view of Changneung New Town.
Yonhap News [Financial News] As presale prices for public housing in the 3rd generation new towns rise due to project delays and rising construction costs, the gap between pre-subscription and main subscription prices is widening. It has now widened to approximately 200 million won. According to the Korea Land and Housing Corporation (LH) on the 2nd, the recruitment notice for public housing in the Goyang Changneung S-4 Block was recently posted.
Panoramic view of Changneung New Town.
Looking at the presale prices, based on the average highest price, the exclusive area of ​​59m2 is 624 million won. The exclusive area of ​​74m2 is 761 million won, and the exclusive area of ​​84m2 is 865 million won. The gap is significant when compared to the presale prices at the time of pre-subscription.
In the case of the exclusive area of ​​59m2, the main subscription price is more than 140 million won higher. The gap widened to 170 million won for the exclusive area of ​​74m2 and 198 million won for the exclusive area of ​​84m2. The estimated sale price at the time of the pre-subscription for the national average was in the 600 million won range.
Source: Korea Land and Housing Corporation · Industry According to the industry, the gap between pre-subscription and main subscription sale prices is growing increasingly larger. It widened from the 100 million won range in 2024 to the 140 million won range this year, and is now approaching 200 million won.
The withdrawal of pre-subscribers continues. 3%—did not apply.
Panoramic view of Changneung New Town.
The forfeiture rate was also quite high for Goyang Changneung S-1 Block. Out of 362 winners, 212 applied, while 150 did not.
Panoramic view of Changneung New Town.
4%. The two complexes introduced in Namyangju Wangsuk 2 recorded forfeiture rates in the 20% range.
7%. The structure of pre-subscription complexes in the 3rd generation new towns is such that as the volume of forfeitures increases, the supply for general applicants also increases.
Consequently, fierce competition is being recorded in the general supply. An industry insider stated, "This is a prime example of the harmful effects of the pre-subscription system," adding, "The pre-subscription system should absolutely never be operated, but the resulting damage is still ongoing.
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ljb@fnnews.com Lee Jong-bae Reporter