'5 Billion Lotto Expectation' Raemian Reventus Special Supply Average 195 to 1

More than 12,000 people flocked to apply for the special supply of 'Raemian Reventus' in Dogok-dong, Gangnam-gu, Seoul, where a price difference of over 500 million KRW is expected upon winning.

'Raemian Reventus' perspective view / Image courtesy of Samsung C&T Corporation

According to the Korea Real Estate Board's subscription homepage on the 6th, Raemian Reventus recorded an average competition rate of 195 to 1, with a total of 12,092 applicants for 62 units in the special supply held the previous day.

By category, 5,941 people applied for the 11 units allocated for the first-time homebuyer special supply, resulting in a competition rate of 540.1 to 1. The newlywed couple special supply (23 units) had a competition rate of 183.9 to 1. The multi-child family special supply also showed a high competition rate of 157.6 to 1, with 1,734 applicants for 11 units.

Raemian Reventus, a reconstruction of Samho Apartment, consists of 308 units in four buildings ranging from three basement floors to a maximum of 18 floors above ground, of which 133 units are for general sale. The sale price is set at 64.8 million KRW per 3.3㎡, amounting to approximately 2.16 billion to 2.27 billion KRW for an exclusive area of 84㎡. It is evaluated to be about 500 million KRW cheaper than the surrounding market price due to the application of the price ceiling system.

However, compared to 'Raemian One Pentas' in Banpo-dong, Seocho-gu, which started subscription a week earlier, the result is less than half. Although it is the same Raemian brand and a 'lottery subscription' complex, it is smaller in scale and the preference for the location in Banpo-dong, the central area of Seocho-gu, is considered to have a greater influence than Dogok-dong. Moreover, Raemian Reventus lacks luxury community facilities such as a gym and golf course, which has been pointed out as a downside.

Raemian One Pentas recorded an average competition rate of 352.5 to 1 with 40,183 applicants for 114 units in the special supply on the 29th of last month. The first-time homebuyer special supply (19 units) attracted the most applicants with 21,204 people. Although it is a post-sale complex priced at 67.37 million KRW per 3.3㎡ and the payment schedule is tight, the expectation of a price difference in the 2 billion KRW range upon winning seems to have had a greater effect. Raemian One Pentas, a reconstruction of Sinbanpo 15th complex, consists of 641 units in six buildings ranging from four basement floors to a maximum of 35 floors above ground.

Meanwhile, Raemian Reventus will accept first-priority applications from the relevant area (residents of Seoul for over 2 years) on the day, and first-priority applications from other areas (residents of Seoul for less than 2 years and residents of the metropolitan area) on the 7th. The expected move-in period is the second half of 2026.

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