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A few years ago, the competition ratio for new apartments sold in the metropolitan area exceeded several dozen to one.

There are some complexes that can't leave the house vacant, so the sale price is drastically reduced.



Reporter Jo Yoon-ha covered the scene.



<Reporter> This



is an apartment in Suyu-dong, Seoul where the move-in started.



This 78 square meter apartment had a pre-sale price of up to KRW 1.1 billion, but now it is sold for around 900 million won with a 15% discount.



More than 90% of this complex remained unsold even after the official subscription.



After that, they made several non-priority subscriptions, but 29 generations still did not find the owner.



The first sale price was almost 30% higher than the surrounding market price, but as the market conditions changed, the price was lowered.


Enlarging an image

[Rimrakgyeon/CEO: In fact, it is almost without profit.

Up to this point, we didn't really expect it.

Even through the discount sale, the tenant move-in is completed quickly...

.]



After people who have already signed a contract complained, we decided to return 10% of the money we paid.



[Resale Counselor: Those who made a (contract) first have no choice but to do so.

The sale price remains the same, but for the winners, we are giving an 8% (discount) to the winners.] There



are apartments that are sold at a lower price like this, and there are also a lot of apartments that remain unsold.



This apartment in Dongdaemun-gu, Seoul has made nine non-priority applications that anyone can apply for, but the house is still there.



In the first half of this year, the number of apartments that failed to sign up in the metropolitan area totaled 4,974, a 17-fold increase from last year's 284.



The subscription market is cooling down so quickly that even apartments built by large corporations are unsold.



[Lee Eun-hyeong / Research Fellow, Korea Construction Policy Research Institute: In a situation where the market is suppressed due to loan regulations, etc., polarization can occur in the subscription market depending on the region, location, and conditions, etc.]



Interest rates are rising and the economy is getting worse, so the subscription market in the second half of the year is more likely to freeze further.



(Video editing: Nam Il, CG: Jo Soo-in, VJ: Jung Young-sam)