'1 Billion Won Profit' Ichon Leelle, Minimum Winning Score 69 Points... Even a Perfect Score for a Four-Person Household Barely Qualifies

The Highest Score for the 122-Square-Meter Unit Was 74 Points

The cutoff score for winning the subscription lottery for 'Ichon Leelle' in Ichon-dong, Yongsan-gu, Seoul, which is expected to yield a capital gain of around 1 billion won, was revealed to be 69 points. This indicates that only applicants with the highest possible score for a four-person household were able to secure a winning spot.

According to the Korea Real Estate Board’s subscription website on April 20, the minimum winning score for the five housing types (exclusive areas of 100, 106, 117, 118, and 122 square meters) that received first-priority applications for this complex was 69 points across the board.

The maximum possible score for apartment subscriptions is 84 points. Even if an applicant secures the full 49 points by maintaining both a non-homeownership period (up to 32 points) and a subscription account period (up to 17 points) for more than 15 years, the total score will vary depending on the number of dependents (up to 35 points). To receive the full score for dependents, there must be at least six dependents, excluding the applicant.

For a four-person household, there are three dependents, which qualifies for up to 20 points. A score of 69 is the maximum that a four-person household, maintaining a subscription account without owning a home for 15 years, can achieve.

Aerial view of 'Ichon Le Elle' in Yongsan-gu, Seoul. Lotte Construction

The highest winning score was for the 122-square-meter unit, at 74 points. This was followed by 72 points for the 106-square-meter unit, 71 points each for the 100-square-meter and 118-square-meter units, and 69 points for the 117-square-meter unit. A score of 74 represents the highest possible score for a five-person household.

Ichon Leelle is the first 'Leelle' brand complex introduced by Lotte Construction in the northern part of Seoul. As it was the first among the remodeling projects in the Ichon-dong area to begin sales, it has drawn significant attention from potential buyers.

The complex consists of nine buildings, ranging from three basement levels to a maximum of 27 above-ground floors, and houses a total of 750 units. The exclusive area of the units ranges from 95 to 198 square meters.

The implementation of the price ceiling system is also cited as a factor that has fueled the subscription frenzy. The largest unit available for general sale, the 122-square-meter type, is priced between 3,155 million and 3,340 million won. Given that a nearby 124-square-meter unit at Raemian Chelitus was traded for 4,449.98 million won in January, it is estimated that winners could realize a capital gain of around 1 billion won.

The competition was fierce. In the special supply lottery on April 9, 1,465 people applied for 10 available units. On April 10, in the first-priority subscription, 10,528 people competed for 78 available units, resulting in an average competition rate of 134.9 to 1. All housing types were fully subscribed in the first round.

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