'Hillstate Yeouido Pine Luce' Competition Rate 18.52 to 1... Subscription Closed

[Asia Economy Reporter Yuri Kim] Hyundai Engineering announced on the 17th that the residential officetel "Hillstate Yeouido Pine Luce," supplied in Yeouido-dong, Yeongdeungpo-gu, Seoul, closed its subscription with an average competition rate of 18.52 to 1.

According to the Korea Real Estate Agency's subscription website, Hillstate Yeouido Pine Luce received a total of 3,890 applications for the 210 units subscription held on the 15th and 16th, recording an average competition rate of 18.52 to 1. The highest competition rate was in the 4th group (types 28OH, 27OI, 25OJ). The competition rate based on resident priority applications was 99.14 to 1.

A sales official stated, "Hillstate Cheongnyangni The First also recorded an average competition rate of 14.14 to 1 and sold out in a short period," adding, "Hillstate Yeouido Pine Luce is also expected to have contracts signed quickly."

He continued, "There was great interest from prospective subscribers at the Hillstate Yeouido Pine Luce model house, which opened on the 12th," and said, "It seems that the high rarity as Yeouido's first Hillstate brand and the fact that it is a residential officetel supplied in Yeouido, where supply is insufficient, attracted significant attention."

Hillstate Yeouido Pine Luce will be developed as a residential officetel with a total of 210 units, ranging from 25 to 77㎡ (exclusive area), from basement 6 floors to ground 17 floors, located at 44-5 Yeouido-dong, Yeongdeungpo-gu, Seoul.

The winners will be announced on the 22nd, and official contracts will be conducted from the 24th to the 26th. Move-in is scheduled for February 2023.

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