Meaning of "Sold out"
This means that all units (particularly apartments and pre-sale units) have been sold (contracted) within a short period of time and are now sold out.
"As soon as applications opened, the complex was sold out, and the schedule for additional units is set to be announced soon."
Related slang words
Day tradingThis is an investment strategy in which investors buy stocks, real estate, or other assets and immediately resell them to profit from short-term price fluctuations.Regulated AreasThese are areas designated by the government for the implementation of real estate regulations—such as restrictions on loans and tax policies—based on the assessment that housing prices (or real estate prices) are rising rapidly.Loan regulationsMeasures taken by the government to manage household debt by restricting or tightening limits, interest rates, and eligibility criteria for mortgage loans in order to regulate lendingPre-sale rightsThis refers to the right to move into an apartment after it is completed, following a successful application for the apartment.Restrictions on resaleThis is a system designed to curb speculative demand by restricting the sale or resale of pre-sale rights or apartments for a certain period after their acquisition, thereby preventing their resale until a specified date.Right of occupancyThis is the right granted to members of a housing association in redevelopment or reconstruction projects to move into a new apartment.MortgageThis is a typical real estate loan product in which funds are borrowed from a bank using a home as collateral.Actual transaction priceThis refers to the transaction prices reported to the Ministry of Land, Infrastructure and Transport after actual real estate sales have taken place, and is used as a benchmark for assessing market conditions and price trends.