Hanwha Forena Busan Deokcheon Subscription 88 to 1... "Highest Competition Rate Recently in Busan"
[Asia Economy Reporter Onyu Lim] Hanwha Construction's 'Hanwha Forena Busan Deokcheon' recorded the highest subscription competition rate in Busan since January 2018, successfully closing the first-priority local subscription. Hanwha Construction stated, "Despite replacing the model house with a cyber model house to prevent COVID-19, Hanwha Construction's new residential brand 'Forena' led the success."
According to the Korea Real Estate Agency's subscription homepage on the 12th, the subscription application results for Hanwha Forena Busan Deokcheon, which held the first-priority local subscription the previous day, recorded an average competition rate of 88.28 to 1. The 74㎡ (exclusive area) A type recorded the highest competition rate of 207.92 to 1, and all four housing types were closed in the local area.
Industry insiders responded that it is a rare flatland apartment in Busan, with excellent locations such as the ultra-station area of Sookdeung Station on Busan Subway Line 3, and many development prospects. Additionally, excellent financial conditions such as interest-free intermediate payments and installment payment of deposits helped contribute to the high popularity by reducing the burden on demanders.
A Hanwha Construction official said, "The reason why Forena Busan Deokcheon in Buk-gu showed a higher subscription competition rate than the popular areas of Busan such as Haeundae-gu, Suyeong-gu, and Dongnae-gu is evaluated to be due to the high preference for Hanwha Construction's premium brand." Hanwha Construction plans to build a 'Forena Brand Town' totaling 1,868 households (planned) up to District 3, starting with Deokcheon 2-1 District, which was sold this time.
The winners will be announced on the 19th. The official contract will be conducted for three days from the 30th. The winner announcement can be checked on the Korea Real Estate Agency subscription homepage.
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Meanwhile, Hanwha Forena Busan Deokcheon is a reconstruction complex in Deokcheon-dong 357-12, Buk-gu, Busan Metropolitan City (Deokcheon 2-1 District), and is the first Forena brand apartment sold by Hanwha Construction in Busan. It consists of 6 buildings, ranging from 59 to 84㎡, with a total of 636 households, from 2 basement floors to a maximum of 25 floors above ground.
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