A 3.7 Billion Won 'Jupjup' Listing Appears... Will Cash-Rich Buyers Flock to Seoul Forest?

Seongdong-gu Seongsu-dong Acro Seoul Forest 3 Units Additional Supply
97㎡B 1.741 Billion KRW, 59㎡A 3.042 Billion KRW, 198㎡ 3.758 Billion KRW

Acro Forest, Seongsu-dong, Seongdong-gu, Seoul (Photo by Daelim Industrial)

[Asia Economy Reporter Lim On-yu] The non-priority subscription "Jupjup" for the 'Acro Seoul Forest,' which embraces both the Han River and Seoul Forest, has appeared. This applies to three units that were canceled due to ineligible winners from the 2017 sale. If selected, buyers can contract at the price from three years ago, but with prices ranging from at least 1.7 billion KRW to as much as 3.7 billion KRW, attention is focused on how many cash-rich buyers expecting capital gains will flock.

Daelim Industrial announced on the 17th that it will additionally supply three units of Acro Seoul Forest, which is nearing completion in Seongsu-dong, Seongdong-gu, Seoul. Acro Seoul Forest boasts a prime location, situated along the Han River and with Seoul Forest spreading out like a front yard.

The units being supplied this time are from ineligible winners and are available through non-priority subscription, so anyone aged 19 or older residing in the metropolitan area can apply.

Acro Seoul Forest consists of 280 units across 49 floors above ground, with exclusive areas ranging from 91 to 273 square meters. The three units supplied this time are all medium to large-sized. All are offered at the prices from three years ago. The sale price for the 97㎡B unit is 1.741 billion KRW, the 59㎡A unit is 3.042 billion KRW, and the 198㎡ unit is 3.758 billion KRW. The down payment is 10%, and no loans are provided for intermediate or final payments.

Applications can be made on the 20th via the Acro Life website on the Acro Seoul Forest page. The winner selection will be held on the 28th and will be broadcast live on YouTube. Up to ten times the number of winners will be selected as preliminary winners. Considering the high prices and lack of loan options, it is expected that cash-rich buyers will apply.

The Jupjup craze, which does not require a subscription savings account, seems to be reigniting. For example, the 'Hillstate Songdo The Sky' in Songdo-dong, Yeonsu-gu, Incheon, which held a non-priority subscription on the 11th, received over 58,700 applications for 50 units, resulting in an average competition rate of 1,175 to 1. For the 84㎡A unit, of which only two units were available, 56,105 people applied, recording a competition rate of 28,007 to 1.

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