Economy · Planned · 2 sources combined
Banpo124 complex: 1,801 units for sale
Winners need 2.8 billion won cash
D-31 Deadline December 8 · Priority subscription deadline
In short
A new apartment complex with 1,801 units will be sold along the Hangang riverside in Banpo-dong.
If you win the lottery, you can expect capital gains of up to 2.7 billion won.
However, even if you win the lottery for an 84㎡ unit, you must prepare 2.8 billion won in cash directly.
Key facts
| When | Subscription notice on November 27; special allocation on December 7; priority subscription on December 8 |
|---|---|
| Where | Banpo-dong, Seocho-gu, Seoul; redevelopment of Banpo Public Housing Phase 1 complex, districts 1, 2, and 4 |
| What | 1,801 units, 59–130㎡ dedicated area, general sale (930 units special allocation + 871 units general allocation) |
| How | Mortgage limit of 200 million won for homes over 2.5 billion won requires 2.8 billion won cash if 84㎡ unit wins |
What it means for me
Winning high-end apartment subscriptions depends more on cash liquidity than mortgage availability.
Full-time workers struggle to prepare 2.8 billion won in cash from salary alone.
Self-employed people cannot enjoy subscription lottery benefits without liquid assets.
Retirees find it difficult to secure cash without selling existing real estate.
