“Earn 1 billion by sitting still”... Where is the “pick up” apartment that sparked an explosion of interest?

Finance|
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By Nam Yun-Jeong
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An unranked subscription volume with an expected market profit of close to 1 billion won came from Dongdaemun-gu, Seoul.

According to the Korea Real Estate Agency subscription home on the 29th, the supply volume for the cancellation of the Lotte Castle SKY-L65 contract at Cheongnyangni Station at the beginning of next month is 3 exclusive 84-square-meter households. It consists of 2 84A type households and 1 84D type household.

The sales price is 1 billion 41.2 million won and 1 billion 56.4 million won, respectively. Winners must first pay a 10% down payment, and 60% of the midterm plating must be paid on January 12 next year. The remaining 30% balance must be paid on February 9.

This amount is a contract cancellation amount due to illegal acts being discovered during the subscription process. If you win the subscription, you can aim for a market profit of about 1 billion won by simple calculation. The calculation takes into account the fact that the same equilibrium sale was traded at 1.95 billion won last month. Since the complex has already been occupied, there are no restrictions on resale. They also avoided the obligation of actual residence.

“Lotte Castle SKY-L65 at Cheongnyangni Station” is a residential complex located in a commercial area. The exclusive 84-square-meter land share does not exceed 15 square meters, so the land trade license area regulations are not applied.

Even in the same land trade license area, there is no need to obtain permission if the residential area has a land share of 6 square meters or less and the commercial area is 15 square meters or less.

The 10-year rewin limit applies. The unranked subscription period is from the 1st to the 2nd of the following month. The winners will be announced on the 5th of the same month. If you are a member of a household without a home living in Seoul, you can apply. It doesn't matter if you sign up for a subscription account or not.

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Original reporting by Nam Yun-Jeong for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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