It’s a billion dollar lottery, but if you don’t put it in, you’re stupid … 570,000 designated hitters in Gwacheon



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After the day before, a large number of subscriptions flocked
Register an average of hundreds to 1 competition
Gwacheon Prugio Ortus 84㎡ Type B ‘5219-1’
Delayed access to the ‘Subscription Home’ website for crowds

A bird's-eye view of Gwacheon Knowledge Information Town's business and administrative district / Photo = Gwacheon Knowledge Information Town homepage

Bird’s-eye view of the Gwacheon Knowledge Information Town business and administrative district / Photo = Gwacheon Knowledge Information Town home page

“It’s like a lottery that can win over a billion won, but if you don’t subscribe, you’re stupid.”

This is an article published on the 4th by an Internet user from the real estate community who identified himself as a subscriber to ‘Gwacheon Knowledge Information Town’. This is a statement that emphasized that the subscription craze is natural, as the market price difference of complexes sold in the Knowledge Information City is predicted to reach 1 billion won.

About 480,000 people flocked to the first-rate subscription of three complexes in Gwacheon, Gwacheon, Gyeonggi-do, once again demonstrating the ‘Lottery Apartment’. When the amount of special supplies subscribed the day before was combined with 9,1441 bank books, around 570,000 people turned up in two days. In particular, the four-digit competition rate was also revealed in the balance above 85 superior for exclusive use of the lottery volume in this top-tier subscription.

90,000 specialties, 470,000 people in the first priority gathered to be ‘on time’

According to the subscription house of the Korea Appraisal Agency, 470,000 people applied for 1044 households in three blocks, S-1‧4‧5, a knowledge information city in Galhyeon-dong, Gwacheon, Gyeonggi-do, which received the first subscription the day before. 10,2693 people applied for the ‘Gwacheon Prugio Ortus’ (block S1, 192 households), and 19, respectively, for ‘Gwacheon Prugio Oullim Labieno’ (S4, 458 households) and ‘Gwacheon Lecento Desian’ (S5 and 394 households ). 409, 185,288 were applied.

The highest average competition rate was the S1 block, Gwacheon Prugio Ortus (535: 1), followed by Gwacheon Recento Desian (470: 1) and Gwacheon Prugio Oullim Labieno (416: 1).

The highest competition rate on this premium subscription came from Gwacheon Prugio Ortus 84㎡’s Type B guitar set. At this equilibrium, 9,886 people signed up and posted a whopping 5,219-to-1 competition rate.

Particularly in the equilibrium above 85㎡, where the lottery volume comes out, the four-digit competition rate was large. In Gwacheon Prugio Oullim RabiEN type 99㎡ A, the competition rate was high in other games (1306: 1) and other regions (1043: 1). Similarly, the Gwacheon Recento Desian 99㎡ A type also showed fierce competition in other games (1910: 1) and other regions (1487: 1) above 1000: 1. The pre-sale price of these areas exceeds 900 million won, making interim payments impossible, but analysis shows that many people with underprivileged sign-up points flocked to the lottery.

Inside the 99㎡ A model house for the exclusive use of 'Gwacheon Prugio Oullim Labieno'.

Inside the 99㎡ A model house for the exclusive use of ‘Gwacheon Prugio Oullim Labieno’.

Even in the special offer of these complexes the day before, 9,1526 people requested the hiring of 654 homes, predicting a success. In the order of block S1, block S4 and block S5, 33,330, 36,29 and 34,428 people were applied respectively.

‘Lotto’ created by the presale price limit system … More lottery subscribers

Gwacheon designated vehicles are public housing sites and are subject to the upper limit of the sale price. Therefore, it is cheaper than the presale prices of nearby apartments. The median sale price for 3.3㎡ is in the range of 2403 million won for Gwacheon Prugio Ortus (S1), 23.76 million won for Gwacheon Prugio Oullim Labieno (S4), and 23.73 million won for Gwacheon. Desian Recento (S5).

These pre-sale prices are around 800 million won based on 84 square meters of exclusive use. Considering 84㎡ dedicated to the recently occupied ‘Gwacheon Prugio Summit’ complex were sold for 1.93 billion won in September, this is less than half of this. That is why these three complexes are called “1 billion lottery”.

The day before, at the first priority reception, a large number of subscription consumers flocked to the “subscription house” website, causing a disruption that lasted for about a minute. A pre-sale expert explained: “It is a ‘lottery subscription’ that can generate a profit of hundreds of millions of won if you win, and because the supply of the metropolitan area has decreased dramatically due to the expansion of the sale price limit. of private homes, both the homeless and the inhabitants seem to have thrown away subscription books. ”

S4 Block's 'Gwacheon Prugio Oullim Labieno', which will move in next December.

S4 Block’s ‘Gwacheon Prugio Oullim Labieno’, which will be moving in next December.

Despite the high rate of competition, subscribers are not expecting to reach Gwacheon. The real estate-related community is posting articles related to Yeonshin’s designated hitter subscription. Netizens responded to reactions like ‘If I win the ad, I make a down payment right away’, ‘It will be a waste to buy something that can be bought at half price in the future’, ‘I heard I’d be a fool if I didn’t. He showed.

As the highest competition rate reaches four digits, experts predict that the winning points will be close to the perfect score at the 70 point level. However, since the resale period is limited to 10 years, the subscription winners cannot immediately realize the price difference. Although mandatory residency, medium and large size balancing is avoided with a lottery system, the pre-sale price exceeds 900 million won, and no intermediate payments are allowed. Also, even if the loan is less than 900 million won, if there is no existing home loan, up to 40% of the Mortgage Recognition Rate (LTV) is possible in the overheated district.

The announcement of the first priority subscription is scheduled for the 10th, 11th and 12th, respectively. All complexes have the condition of initial payment of 20%, intermediate payment of 60% and balance of 20%.

Kiwoon Kim / Hyewon Ahn Reporter Hankyung.com [email protected]

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