For those interested in the Daegu Sangin Woobang Town 45-pyeong apartment auction, seize the opportunity to own a home starting from just $130,000 (approx. 181.3 million KRW) in the 3rd bidding round on June 16, 2026.
Daegu Sangin Woobang Town 45-Pyeong Auction: 3rd Bidding Round Info for June 2026?
The Sangin Woobang Town 45-pyeong apartment in Sangin-dong, Dalseo-gu, Daegu, is up for auction under case number 2025 Taa 32098. Built in June 1993 by Woobang Housing Co., Ltd., this complex features 3 buildings with 317 units and boasts convenient access to Sangin Station on Subway Line 1. The surrounding area offers excellent living amenities, including department stores and schools, making for a superior residential environment. The 3rd bidding round is scheduled for Tuesday, June 16, 2026, at the Western Branch of the Daegu District Court. The appraised value was approximately $260,000 (370 million KRW), but the minimum bid for the 3rd round has dropped significantly to $130,000 (181.3 million KRW). A bid deposit of 10% of the minimum bid, which is $13,000 (18.13 million KRW), is required. KB Real Estate Daegu Auction, a court-registered auction office with extensive experience and numerous successful bids, is dedicated to supporting your successful real estate investment.
What Are the Apartment's Layout and Location Advantages?
The Sangin Woobang Town apartment offers a spacious 45-pyeong (approx. 1,500 sq ft) layout with 4 rooms and 2 bathrooms. Its southeast-facing orientation ensures abundant natural light and a generous living space. The complex is well-connected by public transportation, with Sangin Station nearby. It's also surrounded by a wealth of lifestyle infrastructure, including Lotte Department Store, large supermarkets, hospitals, and schools. The commercial district around Sangin Station, in particular, provides various convenience and cultural facilities, enhancing residents' quality of life. Although built in 1993, the apartment is expected to be in relatively good condition due to consistent maintenance. The auction unit is located on the 10th floor of building 203, with the higher floor offering advantages in terms of sunlight and views.
What Are the Precautions and Post-Auction Procedures for Bidding?
Currently, a tenant occupies the apartment, but a review of registered residents indicates no rights that the successful bidder must assume after the auction. This means the buyer can acquire ownership without the burden of eviction. As of April 2026, the latest transaction price recorded by the Ministry of Land, Infrastructure, and Transport was $215,000 (307 million KRW), and the lowest asking price among current real estate listings is $192,500 (275 million KRW). Compared to the auction's minimum bid of $130,000 (181.3 million KRW), a significant profit margin can be expected. After winning the bid, up to 80% of the remaining balance can be financed through a mortgage loan, which can help reduce the financial burden. On the day of the auction, you must bring your ID, seal, and the bid deposit. For successful auction investment, it's crucial to thoroughly plan aspects like legal analysis, eviction strategy, and funding before bidding.
What Is the Market Price and Investment Value of Sangin Woobang Town Apartment?
The recent transaction price for the 45-pyeong unit of Sangin Woobang Town apartment is around $215,000 (307 million KRW). However, with the 3rd bidding round approaching, the minimum price has dropped to $130,000 (181.3 million KRW), presenting an opportunity to acquire it at a very low price compared to its market value. Considering that the lowest asking price among current real estate listings is $192,500 (275 million KRW), significant capital gains can be anticipated even after the successful bid. Utilizing mortgage loans can cover up to 80% of the acquisition cost, easing the initial financial burden. However, all real estate investments can vary depending on market conditions and personal financial plans, so it's advisable to make a decision after thorough consultation with experts.
What Are the Required Items for Auction Bidding and Post-Auction Loan Possibilities?
To participate in the 3rd auction for the Sangin Woobang Town apartment on Tuesday, June 16, 2026, at the Western Branch of the Daegu District Court, you'll need a few items. Bring your personal identification, a seal, and the bid deposit, which is 10% of the minimum bid, amounting to $13,000 (18.13 million KRW). The deposit can be prepared in cash or cashier's check. If you are the successful bidder, you can utilize a mortgage loan to pay the remaining balance. Generally, up to 80% of the winning bid can be financed, and this can be processed through specialized auction consulting firms like KB Real Estate Daegu Auction for potentially more favorable terms. The loanable amount and interest rate may vary based on your credit score and debt-to-income ratio regulations, so it's important to confirm precise information through consultation with financial institutions beforehand.
For detailed auction information, please contact KB Real Estate Daegu Auction.
