HDC Hyundai Development Company 'Seoul One I-Park' Receives 22,000 Subscription Applications

- HDC Hyundai Development Company 'Seoul One I-Park' Total Applicants 22,100... Average Competition Rate 15.63 to 1
- Highest Application Competition Rate 268 to 1, Providing Residential Satisfaction through Responsible Construction

HDC Hyundai Development Company’s ‘Seoul One I-Park,’ supplied through the development of the Gwangwoon University station area, has concluded its subscription schedule with 22,100 applicants.

In the first-priority subscription held earlier on the 26th (Tuesday), 21,129 applicants applied for 1,414 general supply units of ‘Seoul One I-Park,’ recording an average competition rate of 14.94 to 1 and a highest subscription competition rate of 268.53 to 1.

After the first-priority subscription, ‘Seoul One I-Park’ additionally accepted second-priority applications for some housing types, with a total of 22,100 applicants submitting subscriptions, resulting in a final average competition rate of 15.63 to 1.

In particular, the highest subscription competition rate of ‘Seoul One I-Park’ was 268.53 to 1, with 16,228 applicants flocking to housing types at or below the size of the national housing type, reflecting the genuine demand and expectations for this landmark complex in the northeastern area.

Additionally, even for mid-to-large sized and penthouse housing types (exclusive area over 84㎡), which have limited demand, 5,872 applicants applied for 992 general supply units, indicating a high evaluation of the future value of ‘Seoul One I-Park.’

A sales official of ‘Seoul One I-Park’ stated, “As a landmark complex representing the northeastern area and expected to shake up the local real estate market, we anticipate a smooth contract schedule due to the high response from demanders. We will provide the highest residential satisfaction to residents through sincere and responsible construction, reflecting the strong interest from demanders toward Seoul One I-Park.”

Following the subscription schedule, the winners of ‘Seoul One I-Park’ will be announced on December 4, and the official contracts will be conducted from December 16 to 19. The Seoul One I-Park gallery is located on Madeul-ro 1-gil, Nowon-gu, Seoul.

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