Some buyers who won the right to purchase new homes in South Korea are abandoning contracts after failing to secure financing as mortgage rules tighten. Mokdong Yoonseul Xi, a Seoul officetel, attracted application odds of as much as 32.09 to 1 but still had units left after contract withdrawals, particularly among higher-priced types. At The Sharp Bundang Highest in Seongnam, some 84-square-meter units priced as high as 2.981 billion won received fewer special-supply applications than units available. The nationwide apartment move-in rate fell to 59.5% in August from 68.1% in July, with failure to obtain final-payment loans the leading reason for non-move-ins. Demand is shifting toward cheaper projects, including Brownstone Wolgok Central, where units priced in the 800 million-won range drew an average 61.92 applications per unit. Housing subscription savings accounts have also declined, with 25.77 million holders as of July, down 2.82 million from four years earlier.