Growing Lotto Subscription Hopes for 'Leael Sinbanpo'

Confirmed Sale Price of 48.49 Million KRW per 3.3㎡
67 Units First Priority Subscription from 30th

Aerial view of Le El Shinbanpo.

[Asia Economy Reporter Donghyun Choi] With the sale price and subscription schedule of 'Le L Shinbanpo (Shinbanpo 14th Reconstruction)' in Jamwon-dong, Seocho-gu, Seoul confirmed, expectations for a 'lottery subscription' in the Gangnam area are growing.

According to the industry on the 23rd, Lotte Construction will conduct the first-priority subscription for 67 households of Le L Shinbanpo, built on 74 in Jamwon-dong, Seocho-gu, Seoul, on the 30th. By type, there are 13 households each of 54㎡ (exclusive area), 59㎡, and 84㎡A, 20 households of 84㎡B, and 8 households of 100㎡. This complex consists of 3 buildings from basement level 3 to ground level 34, with a total of 280 households ranging from 54 to 100㎡.

The sale price was set at 48.49 million KRW per 3.3㎡. This is cheaper than the 48.91 million KRW per 3.3㎡ sale price of 'Le L Shinbanpo Central,' a reconstruction apartment of Banpo Woosung in Jamwon-dong sold by Lotte Construction in November last year. At that time, Le L Shinbanpo Central received 11,084 subscription accounts for 135 households, recording an average subscription competition rate of 82.1 to 1. The highest subscription winning score for exclusive areas of 59㎡, 84㎡A, and 84㎡B reached 79 points. For 'Gaepo Presidents Xi (Gaepo Jugong 4 Complex Reconstruction)' in Gaepo-dong, Gangnam-gu, the first Gangnam area sale complex this year, the highest subscription winning score was also 79 points. In particular, for the 39㎡ units priced below 900 million KRW, which are eligible for interim payment loans, the lowest winning score was 64 points, and the highest was 74 points.

Looking at the sale prices of Le L Shinbanpo by exclusive area, 54㎡ is 1.137 billion KRW, 59㎡ is 1.23 billion KRW, 84㎡A is 1.653 billion KRW, 84㎡B is 1.672 billion KRW, and 100㎡ is 1.967 billion KRW. In speculative overheated districts such as Seoul, if the sale price exceeds 900 million KRW, interim payment loans are generally prohibited, so subscription winners must bear the full sale price themselves.

Meanwhile, due to concerns over the spread of COVID-19, model house visits will be replaced by online sale information on the website. Move-in is scheduled for December 2022.

This content was produced with the assistance of AI translation services.