Eco Delta Hanyang Sujain, 317 to 1
Sejong 250,000 to 1, no application restrictions
“Sit back and expect hundreds of millions in market profit”
Bird’s eye view of Hanyang Sujain, Eco Delta City, Busan. Busan Ilbo DB
As the trend of high pre-sale prices for newly built apartments continues, there is growing interest in the so-called ‘Jub-Jup Subscription’, a non-ranked subscription that applies the pre-sale price from several years ago.
According to the Korea Real Estate Agency’s subscription website on the 26th, on the 24th, Hanyang Sujain Block 21, Eco Delta City, Busan, conducted an unranked subscription for one household with an exclusive area of 132㎡, and 317 people applied.
The unranked supply price is approximately 730 million won, including balcony expansion costs and options, or about 14 million won per pyeong (3.3㎡). Non-ranked subscriptions were made to homeless people living in the Busan area.
Eco Delta City, which has a high future value, has the added attraction of reasonable sales prices, resulting in an unusually high level of competition considering the recent Busan sales market. In fact, according to statistics released by the Housing and Urban Guarantee Corporation (HUG) last February, the average selling price of private apartments in Busan is around 20,612,000 won per pyeong. Since exceeding 20 million won per pyeong in May last year, it has been on a continuous upward trend.
On the 24th, ‘Sejong Hanshin The Hue Reserve 2’ (H5 Block, 1-5 Living Zone, Multifunctional Administrative City) also held an unranked subscription for one uncontracted household with an exclusive area of 84㎡, and 247,718 people flocked, resulting in a record competition rate of 250,000 to 1. showed. Anyone over the age of 19 living in Korea can apply, so there was a large influx of applicants.
The unranked supply price of this apartment is 395.7 million won, which is 385 million won plus the balcony expansion fee of 10.7 million won, which is the same as when it was first sold in 2018. According to the Ministry of Land, Infrastructure and Transport’s actual transaction price system, 84㎡ exclusively for this complex was traded for 700 million won on the 2nd of last month. If you win, a market profit of about 300 million won is expected.
On the same day, thousands of applicants also flocked to ‘Hoban Summit Lascent’ and ‘Gwacheon Prugio Ravino’ in Block A1, Segyo District 2, Osan, Gyeonggi Province, which were open for non-ranked subscription for houses with canceled contracts.
4,783 people applied for Osan Lakeside Summit Lacent’s recruitment of one household with an exclusive area of 84㎡, and 5,154 people applied for Gwacheon Prugio Ravino, which also recruited one household with an exclusive area of 84㎡.
An official in the pre-sale industry in Busan said, “The trend of high pre-sale prices is gradually strengthening, but unranked subscriptions are attracting attention as pre-sale prices from several years ago are applied,” adding, “If it is an apartment that does not require actual residence, you can literally sit there and make a profit of up to hundreds of millions of won. “It could be possible,” he said.
Reporter Ahn Jun-young [email protected]
