Over 43,000 Apply for Daegu 'Cheongna Hills Xi' Remaining Units Non-Sequential Subscription

[Asia Economy Reporter Donghyun Choi] GS Engineering & Construction announced that more than 43,000 people applied for the two remaining units of the “Cheongna Hills Xi” in the Namsan 4-dong 2478 area of Jung-gu, Daegu, which was launched last February, through a non-priority subscription.

GS Engineering & Construction revealed on the 20th that 43,645 applications were received on the 19th for the non-priority subscription of two 84㎡ (exclusive area) B-type units at Cheongna Hills Xi.

During the subscription in March, Cheongna Hills Xi selected up to 40% of the reserve winners, but due to disqualification or contract cancellation among the reserve winners, two 84㎡ B-type units remained unsold, leading to the non-priority subscription. GS Engineering & Construction limited applicants to those aged 19 or older residing in Daegu or Gyeongbuk, with one application per person, and accepted applications online through the Xi website. Winners will be announced on the 20th, followed by contracts at the Cheongna Hills Xi model house on the 21st.

Lim Jongseung, head of sales at GS Engineering & Construction, said, “Cheongna Hills Xi attracted many applicants due to its excellent location with transportation, education, and convenience facilities, combined with the value of the Xi brand,” adding, “The strengthening of the resale restriction period in local metropolitan cities such as Daegu from six months to until ownership transfer registration starting in August also seems to have had an impact.”

Cheongna Hills Xi, which is reconstructing the Namsan 4-dasi 5 district in Namsan-dong, Jung-gu, Daegu, consists of 13 buildings ranging from three basement floors to 29 above-ground floors, with a total of 947 households. In the first-priority subscription in March, 55,710 people applied for 394 units, recording an average competition rate of 141.4 to 1. This was the highest number of first-priority subscription applications in Daegu last year and this year combined.

Meanwhile, GS Engineering & Construction plans to launch “Daegu Yongsan Xi” in Yongsan-dong, Dalseo-gu, Daegu, later this month. This residential-commercial complex apartment consists of four buildings with four basement floors and up to 45 above-ground floors, totaling 429 units ranging from 84 to 100㎡. This complex is also expected to attract many applicants as it will not be subject to the strengthened resale restrictions starting in August.

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