Jeil Punggyeongchae Geomdan 1st Phase, First Priority Subscription Competition Rate Closes at an Average of 43.3 to 1

Jeil Punggyeongchae Geomdan Phase 1 Perspective Rendering

[Asia Economy Reporter Ryu Tae-min] Jeil Construction's 'Jeil Punggyeongchae Geomdan I,' supplied in the Geomdan New Town area of Seo-gu, Incheon, closed all types of subscriptions with an average competition rate exceeding 40 to 1 in the first-priority subscription held on the 29th.

According to the Korea Real Estate Agency's subscription homepage on the 30th, 31,374 people applied for 723 households (excluding special supply) in the first-priority recruitment the previous day, recording an average competition rate of 43.39 to 1. This is the first time that about 30,000 applicants have gathered for the first-priority general supply subscription in Geomdan New Town.

The highest competition rate was seen in the 111㎡ Type A. Among the 332 households supplied, it recorded a competition rate of 56.75 to 1. Based on the local area, the 84㎡ Type A had the highest competition rate. Among the 201 households, it recorded a competition rate of 28.38 to 1 with 2,866 applications from the local area and 71.03 to 1 with 4,338 applications from other areas.

This complex consists of 15 buildings ranging from three basement floors to 25 above-ground floors, totaling 1,425 households, and is a medium-to-large apartment complex with exclusive areas of 84㎡ and 111㎡. By exclusive area, there are ▲ 534 households of 84㎡ Type A ▲ 340 households of 84㎡ Type B ▲ 169 households of 84㎡ Type C ▲ 382 households of 111㎡ Type A.

The announcement of winners for this complex is on January 7. The official contract period is from January 22 to 28. The expected move-in date is November 2024.

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