'Acro Seoul Forest' Pickup Begins... "60,000 People in 2 Hours"

Unreserved Subscription for Acro Seoul Forest in Seongsu-dong, Seongdong-gu, Seoul Starts at 9 AM
Offered at Prices from 3 Years Ago, Attracting Cash-Rich Buyers Expecting Capital Gains

Bird's-eye view of 'Acro Seoul Forest'.

[Asia Economy Reporter Onyu Lim] More than 64,000 people flocked to apply for three households at 'Acro Seoul Forest' along the Han River in Seongsu-dong, Seongdong-gu, Seoul. Since it was a "jupjup" (non-priority subscription) allowing homeowners to apply and offered at the pre-sale price from three years ago, it is expected that cash-rich applicants applied in large numbers anticipating several hundred million won in capital gains.

According to Daelim Industrial on the 20th, a total of 64,203 people applied for the Acro Seoul Forest non-priority subscription as of 11 a.m. By area, 52,832 applied for 97㎡B, 8,125 for 159㎡, and 3,246 for 198㎡. Since only one household was recruited per area, the competition rate was 1:64,203, 1:52,832, and 1:3,246 respectively.

The non-priority subscription refers to accepting applications and selecting winners by lottery for households left without owners due to contract cancellations or disqualification of general sale winners. For the Acro Seoul Forest non-priority subscription, anyone aged 19 or older residing in the metropolitan area can apply for the disqualified winner's units. Moreover, since the sale price is the same as three years ago at the time of general sale, cash-rich applicants aiming for capital gains appear to have applied in large numbers.

The sale prices are 1.741 billion KRW for 97㎡B, 3.042 billion KRW for 159㎡A, and 3.758 billion KRW for 198㎡. Considering that the actual transaction price of the nearby Trimage 84㎡ ranges from 2.3 billion to 2.9 billion KRW, it is expected that winners will gain several hundred million won in capital gains.

The contract date is the 29th, immediately following the announcement of winners on the 28th. On this day, 10% of the sale price must be paid as a deposit. Contracts will be conducted on the 29th at Daelim Industrial’s headquarters located at 36 Jongno 1-gil, Jongno-gu, Seoul. No loans for interim or final payments will be provided.

Daelim Industrial will announce the winners on the 28th via YouTube. Applicants will receive a text message individually with the URL of the internet window where the live broadcast can be viewed. Up to ten times the number of winners per floor plan type will be selected as preliminary winners.

Acro Seoul Forest is a residential-commercial complex located along the Han River adjacent to Seoul Forest, attracting attention as the next-generation landmark in northern Seoul. Through specialized design, differentiated views can be enjoyed on each floor. The 'Art Frame,' which removes the middle frame of windows, and the widely spread '270-degree panoramic view' (excluding some households) maximize the premium on views. For households below the 20th floor, a green balcony was introduced to allow closer enjoyment of Seoul Forest. The ceiling height is designed to be higher than the typical apartment floor height (2.3m), ranging from 2.9m to a maximum of 3.3m, providing a rich sense of openness and sunlight.

In addition, advanced systems such as a top-grade seismic design that withstands seismic intensity 9.0 and the latest smart home services have been introduced to ensure residents' safety. Diverse and upscale community facilities are also strengths. The Cloud Club, located on the 29th floor of each building, consists of exercise facilities, a small banquet hall, and a club lounge.

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