Meaning of "Post-construction sales"
This 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.
"With the recent increase in post-construction projects in the housing market, consumers are now able to assess the progress of construction before deciding whether to apply for a unit."
Related slang words
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.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.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.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.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.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.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.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 returns