The owner of a villa worth 800 million won is also considered a non-homeowner when applying

As early as November… Local governments: less than 500 million
Competition for apartment subscriptions likely to increase

Starting as early as November of this year, if you own a villa with an exclusive area of ​​85㎡ or less and a market price of 500 million won or less in the metropolitan area, you will be recognized as a non-homeowner when applying for a subscription. As owners of one villa are considered non-homeowners, the competition rate for apartment subscriptions is expected to rise even more.

According to the Ministry of Land, Infrastructure and Transport on the 22nd, the Ministry of Land, Infrastructure and Transport announced a legislative notice on the 20th regarding the revision of the ‘Rules on Housing Supply’ containing such contents. The Ministry of Land, Infrastructure and Transport plans to implement the revision as early as November after going through the review by the Legislative Council.

Currently, if you are applying for a subscription to a ‘small’ or ‘low-priced’ house, regardless of whether it is an apartment or not, you are recognized as a non-homeowner. A small house is defined as having an exclusive area of ​​60㎡ or less, and a low-priced house is defined as having a public price of 160 million won in the metropolitan area or 100 million won or less in the provinces.

The revision bill maintains the criteria for apartments recognized as non-homeowners, while significantly relaxing the criteria for non-apartments. In the case of non-apartments, if the house has an exclusive area of ​​85㎡ or less and a market price of 500 million won in the metropolitan area and 300 million won or less in the provinces, it will be recognized as non-homeowners. Since the market price of villas is usually around 60% of the market price, even if you own a villa worth 800 million won in the metropolitan area and 500 million won in the provinces, you will be recognized as non-homeowners and can apply for the first round of applications.

This is one of the measures announced by the Ministry of Land, Infrastructure and Transport in the August 8 supply measures this year to normalize the non-apartment market. The purpose is to stimulate demand for villas by ensuring that villa owners are not disadvantaged when applying for apartments. In the September 26 measures last year, the Ministry of Land, Infrastructure and Transport raised the standard for the public price of low-priced housing recognized as non-homeowners from 130 million won to 160 million won in the metropolitan area and from 80 million won to 100 million won in local areas.

Reporter Kim Ho-kyung [email protected]

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2024-09-24 04:08:35