What a Housing Subscription Comprehensive Savings Account Does
A Housing Subscription Comprehensive Savings Account is used when applying for public and private housing. However, simply opening the account or depositing money does not build one universal score. For private housing’s points-based system, the account period is one scoring category, while for general applications for national housing, the number of payments or recognized payment amount may determine the selection order.
Eligibility and Deposit Range
Korean citizens and foreign residents can open a Housing Subscription Comprehensive Savings Account regardless of age, and the general rule is one account per person. Minors may need to complete a legal representative verification process through the financial institution. Set the deposit amount within the agreed range, but remember that depositing more is not recognized in the same way for every type of housing supply.
Private Housing Points Are Based on Three Categories
Private housing points consist of up to 32 points for the period without homeownership, 35 points for the number of dependents, and 17 points for the account period. The applicant is not included in the number of dependents. Since each category has recognition requirements involving household composition and cohabitation periods, check the Cheong약 Home points calculator and the recruitment notice.
Distinguish Payment Count, Recognized Amount, and Required Deposit
The standards for payment count, recognized amount, and required deposit vary by national or private housing, region, area, and supply type. For public housing savings, the monthly payment amount recognized toward eligibility increased from 100,000 won to 250,000 won in November 2024. Do not treat 15 million won as the recognized payment ceiling for every housing application or determine the minimum monthly payment solely by area.
What to Check in the Recruitment Notice Before Applying
First check the housing type, supply method, local residency requirements, no-homeownership requirements, and income and asset criteria for the development you are interested in. Do not treat family planning as a way to increase your score; calculate based on the actual household composition and legally recognized requirements as of the recruitment notice date. Some special or priority supply programs may provide exceptions to account requirements.