Hillstate Dowon Central, Average 27.98 to 1... First Priority Subscription Closed

18,880 Applications Submitted for 639 Units Supply (Excluding Special Supply)
7,636 Applicants for 101 Units of Exclusive 84㎡A... Recorded 75.6 to 1 Ratio

[Asia Economy Reporter Kim Yuri] Hyundai Construction's 'Hillstate Dowon Central,' supplied at 3-11 Dowon-dong, Jung-gu, Daegu, closed its first-priority subscription with an average competition rate of 27.98 to 1.

According to the Korea Real Estate Agency's subscription website on the 17th, 17,880 people applied for the first-priority subscription of 'Hillstate Dowon Central,' which recruited 639 households (excluding special supply) the day before, recording an average competition rate of 27.98 to 1.

The housing type with the most applicants was the 84㎡A exclusive area. With 7,636 applicants for 101 units supplied, it showed a competition rate of 75.6 to 1. In addition, 84㎡B recorded a competition rate of 40.31 to 1, followed by 84㎡C at 20.51 to 1, and 107㎡B at 17.78 to 1.

All housing types were closed in the first priority for 'Hillstate Dowon Central,' and the winners will be announced on the 23rd. Winner contracts will be conducted for 10 days from May 4 to 13. The apartment has a fixed contract deposit (1st payment) of 10 million KRW, 60% of the intermediate payment with interest deferred, and resale restrictions last for 6 months from the announcement date of the winners.

A Hyundai Construction sales official said, "The fact that it is supplied as a high-end residential complex combining residential and commercial facilities in the core location of Jung-gu, Daegu, seems to have led to such subscription results," adding, "The convenience of Hillstate's residential space, specialized design considering convenience and safety, and product competitiveness are also high, so we expect good results in contracts as well."

'Hillstate Dowon Central' consists of 5 buildings (including 1 officetel), from 6 basement floors to 49 above-ground floors, totaling 1,150 households. It is a residential complex consisting of 894 apartments and 256 residential officetel units.

The 256 residential officetel units supplied together with the apartments are accepting subscriptions through the Hillstate Dowon Central sales website until the 20th. A lottery for residential officetel applicants will be held on the 22nd, and contracts will be conducted from the 23rd to 24th. The expected move-in date is February 2024.

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