Two applicants with perfect subscription scores have won units in the "Acro de Seocho" apartment complex in Seocho-dong, Seocho-gu, Seoul, which recorded competition ratios exceeding 1,000 to 1, marking the first perfect-score winners of the year.
According to Korea Real Estate Board's subscription portal Cheong-yak Home on January 9, the 59-square-meter Type C units saw both the highest and lowest winning scores at 84 points for the two units available. This marks the first confirmed cases of 84-point perfect scores in 2025.
Achieving the maximum 84 points in Korea's housing subscription point system requires meeting all three criteria: maintaining no home ownership for at least 15 years (32 points), holding a subscription savings account for at least 15 years (17 points), and having six or more dependents excluding the applicant (35 points). In other words, a family of seven or more must have remained without property ownership for over 15 years.
Record-Breaking Competition Ratio of 1,099 to 1 in Seoul
The first-priority subscription round attracted 32,973 applicants for 30 units, recording an average competition ratio of 1,099.1 to 1. This sets a new all-time record for private apartment sales in Seoul. The previous record was 1,025.5 to 1, set by "The H Daechi Edelui" in Daechi-dong, Gangnam-gu, in October 2024.
Special supply allocations also drew intense interest, with 19,533 applicants competing for 26 units at an average ratio of 751 to 1.
Analysts attribute the overwhelming demand to sale prices significantly below market rates. The complex is subject to the government's price cap system, which kept prices relatively low.
Sale prices for 59-square-meter units ranged from 1.79 billion won to 1.86 billion won ($1.3 million to $1.4 million). Compared to nearby market prices, buyers could gain at least 1 billion won in instant equity, according to market assessments. In the same area, a 59-square-meter unit at "Seocho Granzai" traded at around 3.5 billion won in January, while a similar unit at "Raemian Leaders One" sold for around 3.2 billion won last month.
