Title A Study on the Pre-sale in Lots System of Apartment in the 1960s and 1970s
Authors Shin, Woon-Kyung
DOI https://doi.org/10.5659/JAIK_PD.2020.36.3.91
Page pp.91-102
ISSN 1226-9093
Keywords Pre-sale in Lots System; Pre-payment Method for Housing Purchase; Rules on Housing Supply; Advertisement for Apartment Sale; Residential Culture
Abstract This study examined the apartment sale in lots system from 1960s to 1970s in Seoul from a historical perspective, with the focus on the concept and changes of pre-sale in lots system. By tracing back historical context and application of the system in that period through the analysis of the advertisements for apartment sale, we found out the hidden side of the apartment pre-sale in lots system from the public's point of view, and its impact and meaning on the formation of our current residential culture. In the 1960s and 1970s, the apartment sale in lots system based on the pre-sale in lots system formed strong seller’s market and it has been the main reason for imposing the wrong residential awareness that led the public to recognize housing as a means of property growth. Even now, the current apartment sale in lots system remains to be a supplier-oriented one, and lots of people tend to regard housing as investment method. That is, this mechanism is not only still working but one of the fundamental causes of impoverishing our residential culture. It is necessary to reconsider the pre-sale in lots system and the apartment sale in lots system in relation to the public of housing.