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Single Seoul apartment unit draws 68,663 applicants on near-1-billion-won gap
En breve
One 84㎡ unit at the 강변역 센트럴 아이파크 complex in Guui-dong, Gwangjin-gu, Seoul drew 68,663 applications when it was offered on Oct 6, Newsis and Seoul Economic Daily reported, both citing the Korea Real Estate Board's Cheongyak Home portal. The supply price was 1,222,020,000 won, against a market price that outlets put at 2.2 billion won for the same size. The unit is a re-supply after a contract was cancelled for illegal resale or disruption of supply order.
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A single apartment unit in eastern Seoul drew 68,663 applications, Newsis and Seoul Economic Daily reported, both citing the Korea Real Estate Board's Cheongyak Home subscription portal. The unit is in the 강변역 센트럴 아이파크 complex in Guui-dong, Gwangjin-gu, and was offered on Oct 6 as general supply. Chosun Ilbo had reported the coming offering the previous day, describing it as priced about 1 billion won below the market. [ 1 , 2 , 3 ]
The supply price was 1,222,020,000 won, Seoul Economic Daily reported. Chosun Ilbo said a recent transaction of the same 84㎡ size was at 2.2 billion won, while Seoul Economic Daily specified that a resale right for an 84㎡ unit in the same complex traded at 2.2 billion won on Aug 22, putting the difference at close to 1 billion won. [ 1 , 3 ]
The unit is a re-supply of housing whose contract was cancelled over illegal resale or disruption of supply order, according to Seoul Economic Daily. Applicants had to be heads of households without homeownership living in Seoul as of the announcement date, the paper reported. No subscription account was needed, winners are chosen by lottery rather than by account ranking, and there is no residency obligation. [ 3 ]
Winners are to be announced on Oct 12, with contracts to be signed on Oct 23, Seoul Economic Daily reported. The down payment is 10% of the supply price, or 122,202,000 won, and the remaining 1,099,818,000 won is due by Nov 30. The paper said buyers can move in immediately once the balance is paid. The complex comprises four buildings of up to 15 floors above ground and two below, with 215 units in total. [ 3 ]
Por qué importa
The case illustrates how far below-market housing in Seoul attracts concentrated demand through the subscription lottery system. It also highlights the re-supply channel for units whose contracts were cancelled over illegal resale or supply-order disruption. The documents give no indication of wider market effects beyond this single offering.
Datos clave
- One 84㎡C unit of general supply at 강변역 센트럴 아이파크 in Guui-dong, Gwangjin-gu, Seoul was offered at 1,222,020,000 won. [ 1 , 3 ]
- The offering drew 68,663 applications on Oct 6. [ 2 , 3 ]
- The same-sized home was put at a market price of 2.2 billion won, a gap of close to 1 billion won. [ 1 , 2 , 3 ]
- The unit is a re-supply of housing whose contract was cancelled over illegal resale or disruption of supply order, according to Seoul Economic Daily. [ 3 ]
- Applicants had to be heads of households without homeownership living in Seoul as of the announcement date; no subscription account was required, and winners are picked by lottery with no residency obligation. [ 3 ]
- Winners are to be announced on Oct 12 and contracts signed on Oct 23, with a down payment of 122,202,000 won and the remaining 1,099,818,000 won due by Nov 30. [ 3 ]
- The complex has four buildings and 215 units in total, from two basement floors to 15 floors above ground. [ 3 ]
Confirmado por varias fuentes
- 68,663 people applied for the single unit. [ 2 , 3 ]
- The unit was offered at roughly 1 billion won below the 2.2 billion won market price cited for the same size. [ 1 , 2 , 3 ]
- The complex is 강변역 센트럴 아이파크 in Guui-dong, Gwangjin-gu, Seoul. [ 1 , 2 , 3 ]
- The application figures come from the Korea Real Estate Board's Cheongyak Home portal. [ 1 , 3 ]
Aún sin aclarar
- Whether all 68,663 applications met the eligibility conditions. The documents report the total number of applications received but do not say how many were valid or how the drawing will be conducted.
- Additional reporting from Newsis on the subscription beyond the applicant figure. The article text carried by Newsis concerns North Korea and a DMZ mine dispute, not the housing subscription, so only the headline figure from that document could be used.
- Who will receive the unit. The documents say winners are to be announced on Oct 12; no result has been published.
Qué dicen los medios locales
Cronología, hora local
- A resale right for an 84㎡ unit in the same complex traded at 2.2 billion won, according to Seoul Economic Daily. [ 3 ]
- Chosun Ilbo reports that a unit priced about 1 billion won below market will be offered, ahead of the Oct 6 subscription. [ 1 ]
- Newsis reports that 68,663 people applied for the single unit. [ 2 ]
- Seoul Economic Daily reports the same applicant figure and adds price, eligibility and payment details. [ 3 ]
- Winners are due to be announced. [ 3 ]
- Contracts are due to be signed. [ 3 ]
- The remaining balance of 1,099,818,000 won is due; full payment allows immediate move-in. [ 3 ]