"Mid-to-Low-Priced Apartments in the Capital Area Look Good?"... Explosive Interest

Here is our second informative news item.

Auction fever in the capital area.

Interest in mid-to-low-priced apartments in the capital area has been rising recently in the auction market.

Particularly for apartments priced at 1.5 billion won or less, cases of winning bids higher than the appraised value are continuing.

Bidders are flocking to mid-to-low-priced apartments in the capital area.

In fact, it is reported that an apartment in Gyeonggi Province with an appraised value in the 800 million won range was sold at auction for 1.1 billion won.

Demand appears to have concentrated on apartments priced at 1.5 billion won or less, where loans can be utilized relatively more.

In addition, as actual transaction prices rise during the time it takes from calculating the appraised value to the actual auction, expectations that winning a bid above the appraised value still allows buyers to purchase homes cheaper than the current market price are further fueling the auction fever.
※ Please note: This article was translated by AI and may contain errors.