The first three-digit competition rate emerged in subscription for the Phase 3 new town in Wangsuk District, Namyangju, Gyeonggi.
According to Korea Land & Housing Corporation (LH) Subscription Plus on the 14th, for the general supply subscription for Namyangju Wangsuk Block B17, which closed on the 12th, 14,023 people applied for 128 units. The competition rate was 109.6 to 1.
This is the first three-digit competition rate recorded in the main subscription (general supply standard) in Namyangju Wangsuk District, one of the Phase 3 new towns (Namyangju Wangsuk, Hanam Gyosan, Incheon Gyeyang, Goyang Changneung, Bucheon Daejang).
For the 74-square-meter exclusive area, 5,072 people applied for 31 units, resulting in a competition rate of 163.6 to 1. The competition rate for the 84-square-meter exclusive area was 92.3 to 1. In the main subscription special supply, which recruited 66 units, 7,476 people applied, recording a competition rate of 113.3 to 1. The competition rates for the 74-square-meter exclusive area and the 84-square-meter exclusive area were 131.8 to 1 and 105.2 to 1, respectively.
In addition, during the same period, the main subscription for Namyangju Wangsuk Block A24 supplied as a Newlywed Hope Town drew 5,924 applicants for 238 units, recording a competition rate of 24.9 to 1.
These subscription results show a far higher competition rate than during the main subscriptions for Blocks A1 and A2 and Blocks B1 and B2 held in Namyangju Wangsuk in Aug. At that time, Block A1, supplied in a single 59-square-meter type, posted 29.3 to 1, and Block A2, supplied as a Newlywed Hope Town, posted 11.3 to 1. The public sale complexes with private participation, Blocks B1 and B2, came in at 50.9 to 1 and 61.0 to 1, respectively.
The average sale price for Blocks B17 and A24 is about 18.8 million won per 3.3 square meters, lower than nearby market levels. Reflecting consumer demand, the interior layout and design arranged to rival private apartments are also seen as factors driving popularity.
So far, the complexes that have recorded three-digit competition rates in the Phase 3 new town main subscriptions are Hanam Gyosan Block A2 (263.3 to 1), Bucheon Daejang Block A8 (137.3 to 1) and Block A7 (121.0 to 1), and Namyangju Wangsuk Block B17 (109.6 to 1).