As a large number of applicants rushed to apply, the system experienced a shutdown, and the maximum competition rate for the "Sejong Family Lie The Park" no-ranked application exceeded 30,000 to 1.
According to the Korea Land and Housing Corporation (LH) on the 26th, the total number of no-ranked applicants for the 4 units in Sejong Family Lie The Park (6-3M2 block of the Administrative Complex City) in Sanwool-dong, Sejong City, was counted at 108,057.
The highest competition rate exceeded 30,000 to 1. For the 1 unit of dedicated area 84㎡ B type, 33,725 units applied, and the competition rate recorded was 33,725 to 1.
The dedicated 59㎡ B type, which recruited 2 units, attracted 50,239 applicants, resulting in a competition rate of 25,119.5 to 1. For the dedicated 59㎡ A type (1 unit), 24,093 applicants registered, giving a competition rate of 24,093 to 1.
LH received applications for the no-ranked Sejong Family Lie The Park starting from 10 a.m. to 5 p.m. on the 24th. However, due to the influx of applicants, errors such as delays in accessing the application plus website occurred. As a result, LH extended the application period for the apartment by one day until 5 p.m. on the 25th.
This apartment attracted significant interest as any adult member of a household without a home could apply nationwide for the no-ranked units. In particular, it seemed that applicants flocked because there is no obligation for actual residence after winning, and a profit expectation of over 200 million won due to market price differences. The selling price for the dedicated 59㎡ is between 285 million and 288 million won, while the 84㎡ is around 480 million won.