Xi S&D's 'Gongdeok Station Jaileune' Special Supply Sees 70-to-1 Competition Rate... Surge in Demand for Compact Units in Seoul

83 First-Priority Units Open for Local Applications on April 28, with 60% Selected by Lottery
6,662 Applicants for 94 Special Supply Units, with High Demand from First-Time Homebuyers and Newlyweds

Gongdeok Station Jaieurne Tushido

'Gongdeok Station Jaileune', supplied by Xi S&D, has successfully closed its special supply application, recording an average competition rate of 70.87 to 1. According to Korea Real Estate Board's Cheongyak Home, a total of 6,662 applicants vied for 94 special supply units on April 27, with most demand concentrated among first-time homebuyers and newlywed couples.

By housing type, the 48㎡ exclusive-use unit showed the highest competition rate at 99.41 to 1, followed by the 52㎡A type at 91.13 to 1 and the 59㎡A type at 70.50 to 1. As rising sales prices and stricter loan regulations have increased the financial burden, compact units with improved space utilization are becoming the main trend in the housing market.

By allocation category, the first-time homebuyer special supply attracted the highest demand. For only 15 units available, 4,022 people applied, resulting in a competition rate of 268.13 to 1. The newlywed category also saw high demand, with 2,313 applicants for 40 units, a rate of 57.83 to 1.

Gongdeok Station Jaileune is a quadruple super-station area complex, with Gongdeok Station located within a 500-meter radius. Residents have access to Subway Lines 5 and 6, the Gyeongui-Jungang Line, and the Airport Railroad. Once the planned Shinansan Line is added, the area will feature a total of five lines, expanding into a 'penta-station' zone. In addition, more than 20 bus routes—including regular, trunk, branch, express, and airport buses—operate around the Gongdeok Station bus stops. The complex also offers easy access to major arterial roads such as Gangbyeonbuk-ro, Olympic-daero, and Naebu Ring Road.

Yeomni Elementary School and Dongdo Middle School are located within 500 meters, while other nearby schools include Soongmoon Middle and High School, Seoul Girls' Middle and High Schools, Seoul Design High School, and Ilseong Girls' Middle and High Schools, providing a diverse range of educational options. The Daehyeong Station area, known as a key private education district in Mapo-gu, is also nearby, offering strong educational infrastructure. The complex provides excellent access to major universities such as Yonsei University, Sogang University, Ewha Womans University, and Sookmyung Women's University.

Large supermarkets such as Emart (Mapo branch), as well as a variety of financial, medical, and commercial facilities, are clustered near the complex, ensuring a high level of everyday convenience. Major public institutions—including Mapo Police Station, Seoul Western District Prosecutors’ Office, and Seoul Western District Court—are nearby, providing excellent administrative accessibility. In addition, key medical facilities such as Mapo-gu Public Health Center, Severance Hospital Shinchon, Yonsei Hospital Shinchon, and Yongsan Sacred Heart Hospital are easily accessible by car.

The complex will also feature community amenities for residents, such as a fitness center, group exercise room, and lounge for relaxation and leisure.

For the remaining 83 units not included in the special supply, first-priority applications will be accepted on April 28 for local residents and on April 29 for applicants from other regions. With 60% of the winners to be selected by lottery, there are opportunities for those with lower application points to win. The announcement of successful applicants will be made on May 8, and the contract period will run for three days from May 19 to May 21.

The model house is located in Seocho-dong, Seocho-gu, Seoul, and move-in is scheduled for January 2029. Given its multi-station urban location and the practicality of its compact units, strong demand from younger buyers seeking both residential and asset value is expected to continue for some time.

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