Today, I talk about Korea’s housing subscription system during English study. To be eligible for the distribution of new apartment in Korea. you need to have a housing subscription savings account. I can deposit money in the account every month, or all at once. I need to maintain the account for a certain period of time to apply for an apartment. The size of apartment I can apply for depends on my account balance. The standard amount is higher for larger apartment. The amount is different region by region. The longer you had my account, the more additional points I can get during the apartment allocation draw.
I can earn a tidy profit if I am selected for a new apartment. Generally, the price of a new apartment I can get through the draw is lower than the going rate for the area; However, there are resale restrictions in some speculation-prone areas. In these regions, I can’t turn over the rights to a new apartment for a certain period of time.
