40,000 People Flocked to the '2 Billion Lotto' Raemian Onepentas Special Sale

One Pentas Special Supply Average Competition Rate 352.5 to 1
First-Time Special Supply Competition Rate 1116 to 1
One Pentas 1st Priority Subscription on 30-31
7,413 Apply for 1 Newlywed Household in 84㎡ at Dongtan Station Lotte Castle Special Supply
Subscription Home Site Extended but Access Delayed for Two Days

On the 29th, tens of thousands of people flocked to the special supply subscription for Raemian One Pentas and Dongtan Station Lotte Castle. As over one million users attempted to access simultaneously, making smooth subscription difficult, the subscription deadline for some units was extended. For the Dongtan Station Lotte Castle non-priority subscription, due to access waiting, subscriptions were also accepted on the 30th, and as of 9 a.m. that day, access waiting continued due to the influx of applicants.

According to Subscription Home on the 30th, the special supply subscription for Raemian One Pentas in Seocho-gu, Seoul, received 40,183 applications for 114 units, recording an average competition rate of 352.5 to 1. For the first-time homebuyer special supply category, 21,204 people applied for 19 units, resulting in a competition rate of 1,116 to 1. The newlywed special supply saw 11,999 applicants for 41 units, closing at 292.6 to 1. The 59㎡B type had 16,969 applicants for 2 units under the first-time homebuyer category, recording a competition rate of 8,484.5 to 1.

The sale prices for Raemian One Pentas are △59㎡ exclusive area from 1.704 billion to 1.7461 billion KRW △84㎡ from 2.2616 billion to 2.3331 billion KRW. Nearby, Raemian One Bailey 84㎡ units were traded at 4.42 billion KRW as of June, making it possible to expect a price difference of over 2 billion KRW, earning it the nickname “lottery subscription.” However, since it is a post-sale complex, even if selected, the contract deposit (20% of the sale price) must be paid during the official contract period from the 19th to 21st of next month, and the balance must be paid within two months. The first-priority subscription for Raemian One Pentas will be held from the 30th to 31st.

Lotte Castle at Dongtan Station (Photo by Lotte Construction)

In Hwaseong-si, Gyeonggi-do, the special supply for canceled contracts at Dongtan Station Lotte Castle also attracted many applicants for 2 units. Among the 2 newlywed special supply units, the 84㎡ unit had a competition rate of 7,413 to 1, and the 65㎡ unit closed at 2,444 to 1. The non-priority 84㎡ unit had its subscription period extended to the 30th due to the subscription home system crash the previous day.

The subscription on the 30th will recruit a total of 3 units for non-priority and canceled contract general supply. Among these, the non-priority subscription (one 84㎡ unit) is called a “pick-up subscription” because of its low entry barrier. Anyone aged 19 or older can apply without a subscription savings account, and there are no residency obligations or resale restrictions. The remaining 2 units (general supply) are 102㎡ canceled contract units, available only to non-homeowners residing in Hwaseong-si, with a 10-year re-winning restriction.

Hoban Summit Mokdong received 7 applications for the special supply (institution recommendation) of 1 unit among 2 units re-supplied after cancellation. The general supply subscription for 1 unit will be held on the 30th. The sale price is about 798.3 million KRW for 84㎡, approximately 500 million KRW cheaper than the actual transaction price. Additionally, 4,052 people applied for 1 unit of 42㎡ general supply at Hillstate Sewoon Central 2 Complex.

When over 1.1 million users accessed the Subscription Home website from the morning of the previous day, causing access paralysis, the Korea Real Estate Board extended the non-priority subscription schedule for “Dongtan Station Lotte Castle” by one day. Along with this, the subscription deadline for 10 complexes was extended from 5:30 p.m. to 11 p.m. Subscription Home saw over 100,000 simultaneous users around 9 a.m. on the 30th, resulting in continued access waiting.

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