Buying & Transaction
What Is Bunyang (분양) — new-build sale?
Definition
The pre-sale of newly built apartments, often before construction is finished.
Bunyang (분양) is the primary-market sale of new apartments by a developer, frequently sold off-plan before completion. Buyers usually pay in stages — 계약금, 중도금 then 잔금 — across the build period.
Why it matters
Bunyang can offer new units at set prices but involves waiting for completion and staged payments, and some developments have eligibility rules. Resale (매매) of existing homes is the more straightforward route for most foreign buyers.