23,000 Subscription Accounts Flock to Raemian Trini One Special Supply... Average Competition Rate 86.45 to 1 [Real Estate AtoZ]

23,861 Applications for 276 Units
First-Priority Local Applications Begin on November 11

More than 23,000 subscription accounts flocked to the special supply for 'Banpo Raemian Trini One', a complex often referred to as the '3 billion won lottery'. Even though the loan limit has been tightened to 200 million won, raising the entry barrier, the potential profit compared to the market price is so significant that the subscription competition rate exceeded expectations.

Visitors are looking around the model of the complex at the 'Banpo Raemian Trini One' model house set up at Raemian Gallery in Songpa-gu, Seoul. Photo by Jinju Han

According to Cheongyak Home on November 10, the special supply application for Banpo Raemian Trini One received 23,861 applications for 276 available units, resulting in an average competition rate of 86.45 to 1.

The highest competition rate was for the 'first-time homebuyer' category, where 9,825 people applied for 45 units, closing at 218.3 to 1.

The 'multiple children households' category also saw a large number of applicants, with 4,765 people applying for 50 units, resulting in a competition rate of 95.3 to 1.

For the 'newlywed couples' category, 8,694 people applied for 116 units, resulting in a competition rate of 74.95 to 1.

Although the sale price for the exclusive 59 square meter units does not exceed 2.5 billion won, the loan limit for these homes is set based on the market price, so buyers can only borrow up to 200 million won.

The sale price per 3.3 square meters at Raemian Trini One is 84.84 million won, with the 59 square meter units priced between 1.904 billion and 2.089 billion won, and the 84 square meter units priced between 2.651 billion and 2.749 billion won.

Successful applicants can expect to gain a market profit of about 2 to 3 billion won. For comparison, recent actual transaction prices at the adjacent Raemian One Bailey are 4.25 billion won for the 59 square meter units and 6.511 billion won for the 84 square meter units. The highest prices recorded were 4.45 billion won (in June) for the 59 square meter units and 7.15 billion won for the 84 square meter units.

Perspective view of Banpo Raemian Triniwon. Provided by Samsung C&T Corporation

'Banpo Raemian Trini One' is a complex supplied through the reconstruction of Banpo Apartment Zone 3, consisting of 17 buildings with a maximum of 35 floors above ground and three basement levels, totaling 2,091 units.

Out of the total general sale supply (506 units), the number of units available for general sale excluding special supply is 230. The general sale supply consists of 203 units: 59 square meters (Type A: 103 units, B: 58 units, C: 13 units, D: 34 units) and 84 square meters (Type A: 6 units, B: 14 units, C: 2 units).

From November 11, applications for first-priority subscriptions in the designated area will be accepted, while other regions can apply on November 12, and second-priority applications will be accepted on November 13. The announcement of successful applicants will be made on November 19, and the official contract period is set for four days from December 1 to December 4.

The expected move-in date is August 2026. As this is a post-sale apartment, successful applicants must pay a 20% down payment after the announcement of successful applicants (November 19) and pay the remaining balance on the scheduled move-in date, nine months later, in order to move in.

This content was produced with the assistance of AI translation services.