"Lotto Subscription" Seoul Jamwon Maplejai Special Supply Competition Rate 123.7 to 1

10,018 Applicants for 81 Household Recruitment

The special supply of Maple Xi in Jamwon-dong, Seocho-gu, Seoul, which attracted attention as the "Lotto subscription," saw over 10,000 applicants, with an average competition rate exceeding 100 to 1.

According to the Korea Real Estate Board's subscription homepage on the 5th, a total of 81 households were recruited for the Maple Xi special supply subscription, including multi-child families (16 households), newlyweds (29 households), first-time homebuyers (15 households), elderly parent support (5 households), and institution recommendations (16 households). A total of 10,018 people applied, recording an average competition rate of 123.67 to 1.

Maple Jai perspective view. [Photo by GS Construction]

By applicant type, there were ▲6,910 first-time homebuyers ▲2,581 newlyweds ▲282 multi-child families ▲184 elderly parent support ▲61 institution recommendations. The competition rate was highest for first-time homebuyers at 460.6 to 1, followed by newlyweds at 89 to 1, elderly parent support at 36.8 to 1, multi-child families at 17.62 to 1, and institution recommendations at 3.81 to 1.

By unit size, among the eight unit types ranging from 43 to 59㎡, the 49A type, which had the largest allocation of 25 households, received 6,029 applications, followed by the 43A type with 19 households allocated, which received 1,756 subscription deposits.

With high competition rates starting from the special supply, the first-priority subscription on the 6th and 7th is also expected to be popular. In particular, the sale price for the 59㎡ unit reaches around 1.7 billion KRW, raising concerns about a "gold spoon special supply" controversy.

Maple Xi is a complex formed by integrated reconstruction of Sinbanpo 8, 9, 10, 11, and 17th apartments in Jamwon-dong, Seocho-gu, Seoul, along with Nokwon Hanshin Apartments and Benny House. It consists of 29 buildings ranging from 4 basement floors to a maximum of 35 floors above ground, totaling 3,307 households, of which 162 are general sale units.

Although it has the lowest general sale ratio among apartments sold in the Gangnam area in recent years, the sale price is about 600 million KRW cheaper than the surrounding complexes' market prices due to the application of the price ceiling system, earning it the nickname "Lotto subscription."

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