Meaning of "Points-based system"
This is a system (or set of criteria) that awards points (bonus points) to applicants who meet certain requirements, such as remaining without home ownership for a specified period.
"To qualify for the point system in the housing lottery, you must accurately calculate and submit the length of time you have been without a home."
Related slang words
Lottery systemThis system selects winners at random, regardless of performance metrics such as scores or grades, thereby expanding opportunities for groups that were previously at a relative disadvantage under certain conditions.Unprioritized subscriptionThis is a housing lottery system in which units that remain unsold due to ineligibility or contract cancellations are allocated through a random drawing.Real Estate DevelopmentA real estate transaction method (or the act of carrying it out) in which land with low or uncertain development potential is exaggerated to appear as if it is suitable for development, and then the land is subdivided into multiple plots to attract investors by promising high returnsPost-construction salesThis is a sales method in which units are offered for sale only after construction has reached a certain stage, allowing buyers to assess the actual condition of the building before applying.Pre-saleThis is a supply method in which pre-sales or sales are conducted through model homes and other means before the actual construction of the apartment complex begins, in order to secure initial demand and capital inflows.Pop-up caféThis term refers to a group of real estate agents who set up portable tents at apartment pre-sale sites and other locations to broker pre-sale rights without a license or to encourage illegal resale.Rent-to-price ratioThis is an indicator that quantifies the proportion of the jeonse deposit relative to the sales price, showing the extent to which the jeonse deposit accounts for the total sales price.Villa KingA sarcastic remark directed at scammers who buy up large numbers of townhouses using only the security deposits and then cause harm by failing to return the deposits on time