'Hillstate Sewoon Central' Subscription, Average Competition Rate 13.9... Winner Announcement on 26th

[Asia Economy Reporter Kim Yuri] The subscription for the urban lifestyle housing "Hillstate Sewoon Central," sold in the Sewoon Redevelopment Promotion District developed by Hyundai Engineering, closed with an average competition rate of 13.9 to 1.

Hyundai Engineering announced on the 25th that a total of 6,797 applications were received for the subscription of 487 units across 5 types held from the 20th to 21st, recording an average competition rate of 13.9. The highest competition rate was for the smallest 24A type (exclusive area 24㎡), which attracted 1,232 applications, reaching a competition rate of 51.3.

A sales official explained, "Hillstate Sewoon Central attracted demand due to its prime location within the Sewoon district, the heart of Seoul, equipped with transportation, living infrastructure, and educational infrastructure." It is also the first Hillstate brand complex within the Sewoon district. The complex allows walking access to four subway lines, including Euljiro 3-ga Station, a transfer station for lines 2 and 3, and Jongno 3-ga Station, a transfer station for lines 1, 3, and 5. Nearby are large shopping facilities such as Shinsegae Department Store, Lotte Department Store, and Lotte Mart, as well as public offices like Jung-gu Office and the post office. Prestigious private elementary schools such as Unhyeon Elementary, Lira Elementary, and Soongui Elementary are also located nearby.

Hillstate Sewoon Central is being developed as a mixed-use complex with 3 buildings ranging from 8 basement floors to 27 above-ground floors in blocks 3-1, 3-4, and 3-5 of the Sewoon Redevelopment Promotion District, totaling 1,022 households. It will consist of 535 apartment units and 487 urban lifestyle housing units, with the 487 urban lifestyle housing units being sold first this time. The apartments will be sold later.

The subscription results will be announced on the 26th. The official contract signing will take place from the 27th to the 28th.

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