Meaning of "Unprioritized subscription"
This is a housing lottery system in which units that remain unsold due to ineligibility or contract cancellations are allocated through a random drawing.
"Due to some winners opting out, unsorted units became available in this development, and because the eligibility requirements were relatively less stringent, many people flocked to apply."
Related slang words
Post-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.Points-based systemThis 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.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.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.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.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 returnsPop-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.Gongpung-ahThis is an abbreviation created to convey the idea that the apartment complex “embraces” the park, emphasizing its location right next to a large park.