More than 100,000 applicants flocked to the Jamsil LEEL apartment in Sincheon-dong, Songpa District, Seoul. As expectations rose for potential price gains of over 1.3 billion won, it is analyzed that subscription accounts became concentrated.
According to the Korea Real Estate Board (REB) on the 2nd, 69,476 people applied for the first priority subscription for Jamsil LEEL held the previous day, competing for 110 units and recording an average competition ratio of 631.6 to 1.
The highest competition ratio came from the exclusive 59㎡B type. Of the 43 units available, 32,755 people applied, resulting in a highest competition ratio of 761.74 to 1. The exclusive 74㎡B (691.24 to 1), exclusive 74㎡C (596.94 to 1), exclusive 45㎡ (433.7 to 1), and exclusive 51㎡ (382.71 to 1) also showed three-digit competition ratios.
Earlier, on the 29th of last month, a special supply subscription was also held, where 36,695 people applied for 106 units, resulting in a competition ratio exceeding 300 to 1. The total number of applicants participating in both the special supply and first priority subscription exceeded 100,000.
In the real estate industry, it is viewed that the successful subscription for Jamsil LEEL reflects the demand for high capital gains after winning, as the capped sale price system is applied.
The highest sale prices for Jamsil LEEL by exclusive area are as follows: ▲45㎡ 1.2145 billion won ▲51㎡ 1.3631 billion won ▲59㎡B 1.6279 billion won ▲74㎡B 1.8743 billion won ▲74㎡C 1.8648 billion won. The sale price per 3.3㎡ is 61.04 million won.
The sale price of the exclusive 74㎡ at Jamsil LEEL is about 1.3 billion won cheaper compared to the transaction of a unit in the nearby 'Jamsil Raemian I-Park,' which was traded for 3.1 billion won on July 31 last year.
The winners of the Jamsil LEEL subscription will be announced on the 9th, and the move-in date is scheduled for January next year.