
Cheongyak Savings at 250,000 Won: How Fast to 15 Million
From November 2024, the recognized monthly deposit for public housing subscription rose from 100,000 to 250,000 won. Reaching a 15 million won balance drops from 12 years 6 months to 5 years.

From November 2024, the recognized monthly deposit for public housing subscription rose from 100,000 to 250,000 won. Reaching a 15 million won balance drops from 12 years 6 months to 5 years.

The saengae-choecho (first-time buyer) allocation is a lottery, not a points race. Instead the gate sits on income: 130% of the urban worker average for national housing, 160% for private units.

The monthly recognized contribution for housing subscription accounts rose to 250,000 KRW in November 2024. Based on the 14.93 million KRW average winning balance for public housing pre-applications, here is the gap in time-to-target between depositing 100,000 KRW and 250,000 KRW per month.