00:00before you sign anything in korea's property market the numbers just changed over the next two months twelve seoul apartment
00:06complexes plan to put about three thousand eight hundred homes on the market now the single biggest name in the
00:12lineup is the one to watch it's monday november ninth
00:15let's look at what's happening in korea's property market seoul has been short on new supply for a long time
00:21and that is now starting to change between november and december twelve complexes will offer three thousand seven hundred fifty
00:28general sale units out of nine thousand eight total that is more than six times the five hundred ninety three
00:33units sold in the same window last year here's what the numbers show the largest project is hindai engineering and
00:39constructions dieh banpo 124 in banpo dong seo cho goo with
00:45one thousand eight hundred one general sale units and a first priority subscription scheduled for december 8th its price cap
00:51sets an eighty four square meter unit at roughly three billion one while the neighboring acro river park unit of
00:57the same size recently traded at six point two eight billion one that gap is the reason the market is
01:03paying attention lotta engineering and constructions seo cho lotta castle art palace adds one hundred forty six small units and
01:10sixty percent of them will be allocated by lottery
01:12bookseol hasnail signiprime in bundong dong gang book goo is the first project under the moe town model with 534
01:20general sale units young huigong epit in gionnam dong jong no gu offers 135 units in the city center a
01:28rare new supply there some investors are also turning to more affordable areas like yunghua station rayon private centro in
01:36yung nang gu where 113 units will sell at 1.2 to 1.3 billion one
01:41so what does this mean for buyers weighing a purchase this year if you have been waiting for new supply
01:46in seo these subscriptions are the clearest signal in months the banpo 124 result will set the tone for the
01:53whole market so watch it closely before committing
01:55earlier we said banpo 124 was the single biggest name in the lineup here's what that actually means for you
02:02for buyers the potential price gap between the subscription price and nearby resale values is the central variable to track
02:09what to watch that's today's ai prism real estate this episode was produced with ai assistance based on seo economic
02:17daily reporting ai prism is a wan ifra award-winning series we'll be back tomorrow
02:24we'll be back tomorrow
