Hillstate Songdo Stay Edition, Average Subscription Competition Rate 107 to 1

[Asia Economy Reporter Yuri Kim] Hyundai Construction announced on the 10th that the lifestyle accommodation facility 'Hillstate Songdo Stay Edition' recorded an average competition rate of 107 to 1, with all types fully subscribed.

This complex, constructed by Hyundai Construction and developed by Korea Asset Trust (entrusted to Korea Asset Development), attracted 65,498 online subscription applications for 608 units during the public subscription period from the 7th to the 9th, resulting in an average competition rate of 107 to 1.

The highest competition rate was in Group 5 (exclusive area 167~191㎡), where 8,276 applications were received for 6 units, recording a rate of 1,379 to 1. Other groups also showed high competition rates: Group 1 (77~88㎡) at 70 to 1, Group 2 (83~89㎡) at 86 to 1, Group 3 (89~111㎡) at 131 to 1, and Group 4 (90~101㎡) at 89 to 1.

A sales official stated, "Since the complex is located in a central area within Songdo, inquiries continued even before the model house opened," adding, "There was strong interest from buyers in the hotel-style concierge service and community facilities offered by Hillstate Songdo Stay Edition, which is supplied as a lifestyle accommodation facility."

The announcement of winners will be held on the 11th, followed by formal contracts from the 14th to the 18th.

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