Revived Seoul Subscription Market... All Types of 'Seoul National University Venture Town Station Prugio' Sold Out

Average Competition Rate 31.1 to 1
Official Contract from the 24th

The revival of the Seoul subscription market has been proven once again. Daewoo E&C's 'Seoul National University Venture Town Station Prugio' in Sillim-dong, Gwanak-gu, Seoul, successfully closed all types with a highest subscription rate of 93.5 to 1 and an average of 31.1 to 1 in the first priority subscription.

According to the Korea Real Estate Board's subscription homepage on the 5th, a total of 3,080 applicants applied for 99 units excluding special supply in the first priority subscription for Seoul National University Venture Town Station Prugio the previous day. The average competition rate was 31.1 to 1. The housing type with the highest competition rate was the 74㎡B type, with 187 applicants for 2 units, recording 93.5 to 1.

This apartment also recorded an average competition rate of 17 to 1 with 1,418 applicants for 83 units during the special supply subscription held on the 3rd.

The announcement of winners will be on the 11th. The official contract period will be held for three days from the 24th to the 26th. Move-in is scheduled for May 2025.

With Gwanak-gu being removed from the regulated areas, anyone can apply for the first priority subscription regardless of home ownership, and re-winning restrictions do not apply. Also, even if you win the subscription, the obligation to dispose of the existing house for first-time homebuyers has been abolished, so you do not have to dispose of your existing home. The resale restriction period is one year.

Meanwhile, this apartment applies Prugio's unique new facade design, and depending on the unit type, a dressing room, powder room, and spacious utility room will be provided. The complex is designed to be car-free above ground, with delivery vehicles operating underground. Charging facilities for electric vehicles will also be provided.

The Sillim Line's 'Seoul National University Venture Town Station' is within walking distance, and by subway, it takes 17 minutes to Yeouido, 30 minutes to the Gangnam area via transfers to Line 2 and Line 1, and about 35 minutes to Jonggak Station. By car, it is convenient to use the Gangnam Circular Urban Expressway via Gwanak IC and the 2nd Gyeongin Expressway via Sammak IC.

Additionally, the southern extension from Nangok Branch Line connecting Boramae Park and Nanhyang-dong, Gwanak-gu to Geumcheon-gu Office is being promoted, and the western line from Saejeol to Seoul National University Entrance is being extended to Sillim Line Gwanaksan Station (Seoul National University). The Sillim-Bongcheon Tunnel construction, connecting Nangok Intersection on the Southern Circular Road to Bongcheon Tunnel on the Gangnam Circular Road, is also underway.

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