Ssangyong Construction, Both First Priority Applications Closed for First Two New Year Sales

'Ssangyong The Platinum Osiria' Sale in Busan Gijang... Average 12:1 Ratio
Remodeled 'Ssangyong The Platinum' Closes with 2599:1 Competition Ratio

Perspective view of Songpa The Platinum.

[Asia Economy Reporter Kim Hyemin] Ssangyong Construction announced on the 12th that both 'The Platinum' apartments, the first to be sold this year in Seoul and Busan, were fully subscribed in the first priority application round.

'Ssangyong The Platinum Osiria,' supplied by Ssangyong Construction in Yeonhwa-ri 294 area, Gijang-eup, Gijang-gun, Busan, received a total of 1,401 applications from the local area alone for 117 units in the first priority application round held the day before, recording an average competition rate of 12 to 1. In particular, the 84㎡ A-type, with 17 units available, received 508 applications, achieving the highest competition rate of 29.9 to 1.

A Ssangyong Construction official said, "As a rare resort-grade permanent ocean view apartment in Busan, it offers views of the Gijang front sea in front of the complex and the open Haeundae Beach Golf Course behind, which has generated word of mouth among demanders in the Busan area even before the sale." He added, "The East Busan Osiria tourism complex, which includes lodging, leisure, shopping, and theme park facilities, is nearby, allowing residents to enjoy abundant residential infrastructure."

Along with this, the general sale of the remodeled apartment 'Songpa The Platinum,' sold the day before at 67-7 Ogeum-dong, Songpa-gu, Seoul, also closed with all units sold, receiving 75,382 applications for 29 units, averaging a high competition rate of 2,599 to 1.

In particular, the 72㎡ units, with 15 units available, received 41,961 applications, recording the highest competition rate of 2,797 to 1. The 65㎡ units, with 14 units available, received 33,421 applications, showing a high competition rate of 2,387 to 1.

A Ssangyong Construction official said, "It is notable as a general sale apartment in the Gangnam area of Seoul, where apartment supply is low, and resale of the sale rights is possible without a residence obligation." He added, "As the first remodeled general sale in Korea, incorporating Ssangyong Construction's patented construction methods and new technologies as the top remodeling company, it attracted many demanders."

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