"Let's Enjoy Capital Gains"... 15,000 People Flock to Pick Up 4 Households in Sejong

Perspective view of Jungheung S-Class Centumview in Sejong City. The day before, 9,327 people applied for the non-priority subscription of 3 households in this complex, showing a high competition rate.

[Asia Economy Reporter Ryu Taemin] Despite the cold wave hitting the subscription market due to the real estate market slump, "lottery complexes" where one can enjoy several hundred million won in price gains are still very popular. In the non-priority subscription for 4 apartment units held in Sejong, more than 15,000 people flocked, showing a competition rate close to 4000 to 1.

According to Korea Real Estate Board's Subscription Home on the 13th, as a result of the non-priority subscription held the previous day at two locations: Gaon Village Complex 6 "Sejong Jungheung S-Class Centum City" in Dajeong-dong, Sejong City, and Hanteul Village Complex 6 "Sejong Jungheung S-Class Centum View" in Eojin-dong, Sejong City, 15,661 people applied for 4 units. Simply calculated, the average competition rate is 3915 to 1.

"Sejong Jungheung S-Class Centum City" recorded a high competition rate of 6334 to 1 with 6,334 applicants for 1 unit. "Sejong Jungheung S-Class Centum View" also had 9,327 applicants for 3 units, with an average competition rate of about 3109 to 1. The highest competition rate in this complex was for the 84㎡ exclusive area type. This type had 5,165 applicants for 1 unit.

These complexes attracted great interest from subscription waiters even before recruitment because the sale prices were not much different from the prices at the time of sale several years ago. Sejong Jungheung S-Class Centum City, which moved in 2018, was priced at 285 million KRW for an 84㎡ exclusive area. Although this price excludes options such as balcony expansion fees, considering that this complex's area was actually traded for 655 million KRW in October last year, it is about half the market price.

Sejong Jungheung S-Class Centum View, completed in October last year, was priced at 331 million KRW for 84㎡, 594 million KRW for 140㎡, and 969 million KRW for 199㎡. The 84㎡ unit in this complex changed hands for 708.5 million KRW in November last year, and the 149㎡ unit was sold for 1.05 billion KRW in July, so it is also evaluated as half-price sale. Both complexes allow mid-term loan for the national standard size (84㎡).

Besides these complexes, recently held non-priority subscription complexes are also gaining high popularity. On the 5th, 3,526 applicants applied for 1 unit in "Elif Sejong 1st Phase" in Sanul-dong, Sejong City, which held a non-priority subscription. This complex, completed in February, had a sale price of 461.4 million KRW for the 84㎡ type, so a high price gain was expected if selected. Nearby, "Elif Sejong 2nd Phase" also completed subscription with 316 applicants for 1 unit of 59㎡ type.

This content was produced with the assistance of AI translation services.