Meaning of "Pre-sale"
This 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.
"Since this development was sold on a pre-sale basis, the sales schedule and payment plan were announced before construction even began."
Related slang words
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.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.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.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.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.RawAn abbreviation for "residential accommodation facilities," this term refers to lodging facilities that allow cooking but are effectively used exclusively for residential purposes, a practice that has sparked social controversy.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.AparthotelA term combining "apartment" and "officetel," referring to a residential officetel that features a floor plan and living conveniences similar to those of an apartment.