Cheongnyangni Lotte Castle High Luce Receives 20,000 Subscription Accounts... Highest Competition Rate This Year

Over 21,000 subscription applications flooded in for ‘Cheongnyangni Lotte Castle High Luce’ in Dongdaemun-gu, Seoul, being sold by Lotte Construction.

Prospective applicants are touring the Cheongnyangni Lotte Castle High Luce model house. Photo by Lotte Construction

According to the Korea Real Estate Board's subscription homepage on the 12th, the day before, 21,322 applications were submitted for 88 units (excluding special supply) in the first-priority subscription for Cheongnyangni Lotte Castle High Luce, recording an average competition rate of 242.3 to 1. This is the highest competition rate nationwide this year. By type, the 59㎡A exclusive area was the most competitive at 320 to 1, followed by 59㎡B at 295 to 1.

Lotte Construction is redeveloping Cheongnyangni District 4 into the tallest 65-story ‘Cheongnyangni Station Lotte Castle SKY-L65’ and also secured the contract for Cheongnyangni District 8 in May, creating an atmosphere where brand power in the Dongdaemun-gu area is further increasing with this sale.

A Lotte Construction official said, “Cheongnyangni Lotte Castle High Luce previously attracted 7,879 applications during the special supply, setting the record for the highest and most applications in Seoul this year,” adding, “It seems that interest was high because it has infrastructure covering transportation, convenience facilities, green spaces, and education, making its future value very high.”

The subscription winners will be announced on the 18th, and the official contracts will be conducted from the 30th to the 1st of next month.

Meanwhile, Cheongnyangni Lotte Castle High Luce is being developed as a total of 761 households through the Cheongnyangni District 7 housing redevelopment. Residents can enjoy nearby transportation development benefits such as the GTX and the metropolitan transfer center waiting in Cheongnyangni, and many schools, including Samyuk Elementary and Hongneung Elementary, are located near the apartment. Additionally, Hongneung Neighborhood Park is right next to the complex, and convenience facilities such as Lotte Department Store, Lotte Mart, and Gyeongdong Market are also close by.

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