Sangin Prugio Center Park, a 990-unit apartment complex in Daegu’s Dalseo District, has drawn more than 200 prospective tenants after its unsold homes were offered as jeonse rentals through a corporate restructuring real estate investment trust. Applicants began waiting as early as the afternoon of the 6th, with some remaining for up to 43 hours before first-come building and unit selection opened at 10 a.m. on the 8th. Jeonse deposits were set at 222 million to 238.5 million won for 84-square-meter units and about 317 million to 327 million won for 113- and 117-square-meter units, compared with roughly 300 million and 450 million won, respectively, for comparable homes in Dalseo District. The complex was completed in April 2024 but attracted no sales contracts before being acquired by a CR REIT managed by JB Asset Management. About 420 of 549 units were leased in the first offering, while the second round covers roughly 440 to 441 units, with formal contracts starting on the 11th. Korea Housing and Urban Guarantee Corporation support, two-year leases renewable for up to four years, and the availability of newly built homes at discounted deposits helped drive demand. The case reflects the potential of CR REITs to convert completed unsold homes into rental housing, but Daegu still had 3,481 completed unsold units out of 4,278 unsold apartments at the end of July, and industry observers say the vehicles can only acquire properties offering viable investment returns.