A unit at a Yongin apartment complex where asking prices have reached 1.4 billion won ($940,000) is heading to auction with a minimum bid of just 770 million won — a potential safety margin of at least 600 million won for the winning bidder.
Real Estate 360 recently visited Giheung-gu in Yongin, which has drawn intense attention after being designated both a regulated zone and a land transaction permit zone, after a rare auction listing emerged in the area.
The property is a unit at Samgeomaeul Samsung Raemian 1st, located steps from Guseong Station — a transit-oriented area that has been among the biggest beneficiaries of the GTX-A line opening.
While asking prices for comparable units currently stand at around 1.4 billion won, the minimum bid for this auction is set at 770 million won, offering a prospective buyer an immediate safety margin of at least 600 million won. The complex sits within walking distance of Guseong Station, is served by a well-regarded school district covering elementary, middle and high schools, and sits near large-scale development projects expected to reshape Yongin.
The video report examines why this sought-after unit ended up on the auction block and what conditions look like on the ground.
hss@heraldcorp.com
