[이코노믹리뷰=이소현 기자] “All the couples around the age of 28 to 35 are preparing for the subscription, but no one wants to enter the Newlyweds Hope Town. The winnings are not easy, but that is the case.”
‘Newlyweds Hope Town’ is being ignored by the demanding group. It was found that the 4th public pre-order, which had the largest supply ever, also failed to meet one after another. Although the competition rate for subscription barely exceeded single digits, the concentration of demand by region and area type was evident. This is the result of pushing the supply without understanding the demand of the newlyweds who are the target of the application.
0.1 to 1, 0.2 to 1, 0.3 to 1. These are the competition rates of Newlyweds Hope Town (Shin Heeta), which was supplied through the 4th public pre-order this year. According to the statistics of the Ministry of Land, Infrastructure and Transport on the 24th, 294 people were recruited for the exclusive 55㎡ subscription for the Shinhuita A5 complex in Siheung Geomo, but only 35 people were accepted. The A6 complex of the same area only applied for 37 people to the recruitment of 317 people, and in the case of Ansan Singil 2, only 74 people applied for the recruitment of 240 people, which was not enough.
The double-digit competition rate only came out in Seoul, where the number of pre-sale units is scarce. Seoul Daebang recorded a competition ratio of 66.9 to 1 as 7,693 people flocked to the recruitment of 155 households.
Shin Hee-ta is a specialized public housing that supplies the entire amount to newlyweds only. Among the homeless, those who have been married for less than 7 years or have children under the age of 6 may apply if they can prove their marriage within one year from the date of announcement. For newlyweds who lack funds, a mortgage loan is also provided at a fixed interest rate of 1.3% per annum, up to 70% of the house price for up to 30 years.
The supply of Shin Hee-ta, which the current administration has put forward as a major real estate promise, has been actively progressing in recent years. In the 4th pre-order this year, the number of Newlyweds Hope Town is 7,152 households. This is more than half of the total subscription volume and is the largest supply ever based on Shin Hee-ta.
However, despite the continuous supply offensive, they are being ignored by the demand group. It is supplied in a small area of 46 m² (14 pyeong) for exclusive use and 55 m² (17 pyeong) for exclusive use, so the house is cramped to live with children, and in some cases, a profit-sharing mortgage is applied. The limit of resale is up to 10 years, and the mandatory residence period is up to 5 years.
It is pointed out that it is not easy to live for a short time when newlyweds and move to a larger house with children, so there are many disadvantages to use it as a ‘stepping stone’ for housing stability.
In fact, even in areas where subscriptions have been relatively successful, the number of dedicated 46 m² housing types is falling behind one after another. As a result of this subscription, the competition ratio for the 46㎡ housing type dedicated to Bucheon Daejang was 0.3 to 1, lowering the regional average competition ratio (1.5 to 1). In the case of Guri Galmae, 226 households flocked to the recruitment of 277 households for the 46 m² dedicated housing type, and the subscription competition ratio was 0.8 to 1. On the other hand, in the case of a dedicated 55㎡, 3,043 people flocked to 838 recruitment, and the competition ratio was 3.6 to 1.
A netizen in the real estate community said, “Shin Hee-ta is small, so it is difficult to live after having children, but even if you win in advance, you will move in in 10 years. told The move-in period for these pre-sale units is expected to be after 2026, and the completion date is expected to be in 2030.
The compulsory subscription to a revenue-sharing mortgage is also not without a hitch failure. If the sale price exceeds 370 million won, Shin Heeta must borrow at least 30% as a mortgage. Instead of being able to borrow up to 70% of the house price at a fixed interest rate of 1.3% per annum, tenants must return up to 50% of the capital gains to the Housing and Urban Fund when selling a house or repaying a loan.
The repayment ratio decreases as the loan amount is small, the number of children is large, and the period is longer. If you have secured a loan for 10 years and have no children, you have to spit out up to 48% of the profit. Suppose you got a loan of up to 400 million won, but the house price rises by 200 million won and you go out without children in 10 years. As a simple estimate, you will have to pay about 120 million won, including the amount of money recovered and interest. On the other hand, if an annual interest rate of 3.2% is applied to the Bogeumjari Loan, the interest burden is equivalent to KRW 68 million.
It is pointed out that the industry should supplement the system according to the realistic conditions of the demand group. A real estate expert explained, “When implementing such a system, it is necessary to first determine how many newlyweds there are, and then arrange the number of target households.” did.
He added, “Equal supply will be achieved only when the prediction of the applicants is accurate, but there is a lack in this area,” he said.
Meanwhile, the Ministry of Land, Infrastructure and Transport announced that it would expand the supply area for Shin Heeta starting this year. It has been more than three years since we started supplying housing in November 2018. Previously, they were sold with a size of less than 60 m2 for exclusive use, but from the second half of the year, they plan to introduce a medium-sized house with a size of 85 m2 for exclusive use.
