Five Units of New 2.1 Billion Won Bundang Apartments to Be Released for Direct Purchase

A new luxury apartment complex in Bundang, South Korea, is releasing five units for direct purchase, commonly known as 'jupjup' or 'grab-grab' sales. The apartments, located in 'The Sharp Bundang Centoro' in Gumi-dong, Bundang-gu, Seongnam-si, are priced at over 2.1 billion won (approximately $1.5 million USD) for units measuring 84 square meters.

These five units are being offered as a fourth round of arbitrary supply, meaning they were not sold during the initial subscription periods. The application period runs from November 5 to November 11. Unlike typical new apartment sales, which require a subscription account and often prioritize first-time buyers, these units are open to a wider pool of applicants.

Eligibility is broad: any South Korean resident aged 19 or older can apply, even if they already own a home or do not have a subscription account. This move aims to sell off the remaining inventory in a high-value market, appealing to buyers who can afford the significant price tag and are looking for prime real estate in the affluent Bundang district.