Over 1 million people bid on 3 apartments in South Korea's Seoul

Over 1 million people applied for three units at a new apartment complex in Seoul's Gangnam in South Korea. The upscale apartments, called The H Firstier IPark, had formerly been a four-decade-old complex that was reconstructed. Due to severe competition, government regulations stipulate that larger households or those who have not owned property for a long time should have priority.