An apartment that produced two successful applicants to so-called "SKY" (Seoul National University, Yonsei University, Korea University) medical schools has been listed at an asking price 400 million won higher than comparable units with the same conditions.
According to the real estate industry on the 27th, a 94-square-meter exclusively used unit at Raemian Daechi Palace in Daechi-dong, Gangnam District, Seoul, was listed for 4.9 billion won on the Naver Pay (Npay) real estate platform the day before.
A real estate agent said of the listing, "The moving schedule can be discussed with plenty of flexibility, and viewings are available at any time," introducing it as "a lucky home where both children went to medical school." The agent added "lowest price" and "urgent sale."
This listing is relatively less preferred due to its low floor, but its asking price is set 400 million won higher than listings on the same floor. That is similar to mid-floor listings that are in transaction at 5 billion to 5.3 billion won. Currently, low-floor 94-square-meter exclusive listings at Raemian Daechi Palace are on the market for 4.5 billion won.
This led to interpretations that Daechi-dong's strong emphasis on education has been reflected in the listing price. Among internet users, reactions continued such as "If there are students, it could be motivating" and "If it's the same house, most people would choose that house. It's entirely understandable."
Completed in 2015, Raemian Daechi Palace is a large complex of 168 households and is classified as a major apartment in Daechi-dong. It is adjacent to the Gangnam Eight School District, including the Daechi-dong hagwon district, Dankook University High School, Sookmyung Girls' High School, and Chung-Ang University High School, and sits between Daechi Station and Dogok Station on Subway Line 3.
In September last year, a 59-square-meter exclusive unit in this apartment complex was in transaction at 2.5 billion won, recording about 1 billion won per pyeong. Then in December last year, a 94-square-meter exclusive unit (17th floor) was in transaction at 5.3 billion won, setting a new record high.