More than 200,000 people reportedly applied for two off-sequence units at "Yeongdeungpo Xi Dignity" in Yangpyeong-dong, Yeongdeungpo District, Seoul, which drew attention as a lottery subscription promising up to 900 million won in potential capital gains.
According to the Korea Real Estate Board (REB) subscription portal on the 17th, a total of 200,964 people vied for two units (exclusive 59㎡) at Yeongdeungpo Xi Dignity. The average competition rate was 100,482 to 1.
Specifically, 130,938 people applied for one unit of the 59㎡ Type A (general supply). Eligible applicants were household members without a home who live in Seoul.
Another 70,026 people competed for one unit of the 59㎡ Type B (special supply for first-time buyers). This category was open to household members without a home who live in Seoul and meet first-time special supply requirements.
Yeongdeungpo Xi Dignity is a complex built through the redevelopment of Yangpyeong District 12, comprising four buildings with 707 units from two basement levels to as high as 35 floors. During first-priority subscriptions in 2023, 19,478 people applied for 98 units, logging an average competition rate of 198.76 to 1. Residents can walk to big-box stores such as Lotte Mart and Costco, and the complex is close to schools including Dangjung Elementary and Munrae Middle, as well as the private academy district in Mok-dong.
In the recent chill in the subscription market, three listings came out this time. ▲ General off-sequence 59㎡ Type A (10th floor) ▲ Resupply due to illegal act 59㎡ Type B (9th floor) ▲ Resupply due to illegal act 84㎡ Type B (13th floor), for a total of three units. Household members without a home who live in Seoul could apply for the 59㎡ Type A and 59㎡ Type B, and the application date was the 16th, the day before. Only heads of households without a home who live in Seoul can apply for the 84㎡ Type B, and applications are accepted on the 17th.
The sale prices this time are 858.2 million won and 859 million won for the 59㎡, and 1.1777 billion won for the 84㎡. However, a move-in right for the same apartment, 59㎡ (16th floor), changed hands for 1.52 billion won on Dec. 26 last year. On the 8th of the same month, the 84㎡ (21st floor) sold for 2.03 billion won. By simple math, the 59㎡ could yield capital gains in the 600 million won range, and the 84㎡ around 800 million to 900 million won.