Bando Construction's 'Seodaegu Station Bando Yubora Centum' Attracts Over 8,000 Applicants in First Priority Subscription

Aerial view of Seodaegu Station Bando Yubora Centum.

[Asia Economy Reporter Donghyun Choi] Bando Construction conducted the first-priority subscription for 'Seodaegu Station Bando Yubora Centum,' being built in Pyeongni 3-dong, Seo-gu, Daegu, attracting 7,837 applicants and closing successfully.

According to the Korea Real Estate Agency's subscription homepage on the 15th, the first-priority subscription for Seodaegu Station Bando Yubora Centum received a total of 7,837 applications for 965 households (excluding special supply), recording an average competition rate of 8.12 to 1 and a highest competition rate of 36.76 to 1.

By exclusive area, ▲46㎡ had 98 applicants for 71 households, showing a competition rate of 1.38 to 1; ▲59㎡A had 1,061 applicants for 242 households, 4.38 to 1; ▲59㎡B had 63 applicants for 45 households, 1.40 to 1; ▲72㎡A had 213 applicants for 23 households, 9.26 to 1; ▲72㎡B had 452 applicants for 168 households, 2.69 to 1; ▲84㎡A had 5,178 applicants for 395 households, 13.11 to 1; and ▲84㎡B had 772 applicants for 21 households, recording the highest competition rate of 36.76 to 1.

The success factors for the subscription include the development of the Seodaegu KTX station area, the relocation of Daegu City Hall, the regeneration projects of Seodaegu Industrial Complex and Dyeing General Industrial Complex, all of which are expected to increase undeveloped value. Additionally, the promotion of redevelopment projects in nearby aging areas has improved the residential environment. The price competitiveness, medium-to-small sized large complex, innovative design, and Yubora’s unique specialized products received strong responses from demanders.

A Bando Construction official said, “Pyeongni 3-dong, Seo-gu, Daegu, where the complex is located, offers all living infrastructure such as transportation, education, daily life, and culture, making it a place attracting both actual users and investors. With the development benefits of the Seodaegu KTX station area and Yubora’s specialized design and advanced systems combined with price competitiveness, we expect strong interest from demanders and good results in contracts.”

Meanwhile, the complex will be built on 1083-2 Pyeongni 3-dong, Seo-gu, Daegu, consisting of 11 buildings with 2 basement floors and 23 to 35 floors above ground, totaling 1,678 households, of which 1,226 are for general sale.

The announcement of winners will be on the 21st, and contracts will be signed over four days from August 3 to 6. The model house is located at 599-67 Gamsam-dong, Dalseo-gu, Daegu, and move-in is scheduled for October 2023.

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