Gwacheon Jijeongta Three Musketeers, 470,000 Apply for First Priority Subscription... Highest Competition Rate '1812.5 to 1'

[Asia Economy Reporter Kim Yuri] More than 470,000 subscription accounts were gathered for the three complexes in Gwacheon Knowledge Information Town. The average subscription competition rate per complex reached up to 535 to 1, and the competition rate by area and region approached as high as 5200 to 1. Including the 90,000 accounts gathered in the special supply the previous day, nearly 560,000 accounts were attracted. Even considering that multiple subscriptions were possible, this is analyzed as proof of the strong interest from prospective subscribers in these three complexes.

According to the Korea Real Estate Agency’s subscription homepage on the 3rd, 102,693 people applied for the first priority subscription for Gwacheon Prugio Ortus (S1 Block, 192 units for general sale). The average first priority competition rate reached 534.9 to 1. For Gwacheon Prugio Eoullim Lavieno (S4 Block, 458 units), 190,409 applied, with an average competition rate of 415.7 to 1, and for Gwacheon Lesento Desiang (S5 Block, 394 units), 185,288 applied, recording 470.3 to 1. This not only set a new record for the highest subscription competition rate in Gwacheon city but also ranks among the top five highest average subscription competition rates nationwide since 2002, according to Real Estate 114 statistics.

Subscription applications were accepted based on the standards for private housing supplied in large-scale land development districts, dividing 30% by area for residents who have lived in Gwacheon city for over 2 years (local area), 20% for those who have lived in Gyeonggi Province for over 2 years (other Gyeonggi), and 50% for residents of Seoul, Incheon, and Gyeonggi Province under 2 years (other areas). The 84㎡B (exclusive area) of Gwacheon Prugio Ortus, which was 100% point-based allocation, recorded a competition rate of 1812.5 to 1. The highest competition rate by area and region was in 84B 'other Gyeonggi,' reaching 5219 to 1.

Gwacheon Prugio Eoullim Lavieno and Gwacheon Lesento Desiang showed the highest competition rates in the 99㎡A category, which included lottery-based allocations, with average competition rates of 521.8 to 1 and 744.2 to 1 respectively. These also showed high competition rates in 'other Gyeonggi,' with 1306.6 to 1 and 1910.3 to 1 respectively.

Previously, more than 30,000 applicants gathered for the special supply subscriptions of the three complexes held the day before. Since the announcement dates for winners differed, multiple subscriptions were possible. These complexes were subject to the price ceiling system, with the average sale price set at 23.73 to 24.03 million KRW per 3.3㎡. Based on 84㎡, the price was around 800 million KRW, attracting many prospective subscribers due to the potential price difference reaching up to 1 billion KRW compared to surrounding market prices. Concerns about future supply reductions in the metropolitan area and additional residency obligations next year also appeared to have played a complex role.

There was also a relatively large supply of units over 85㎡, drawing significant interest from those looking to trade up from owning one home. The industry analyzed that despite the 10-year resale restriction, the subscription market, which has been reorganized mainly around actual demanders, attracted the attention of many real demanders, resulting in these subscription outcomes.

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