Raemian Ellavine (rendering), the first Raemian-brand sales complex in Gangseo District, Seoul, which drew attention, posted an average competition rate of 25 to 1 in first-priority subscriptions. About 3,000 applicants flocked to apply.
According to the Korea Real Estate Board (REB) subscription site on the 18th, a total of 3,426 applications were submitted for the 137 units in the first-priority subscription for Raemian Ellavine held the previous day. As a result, most types closed in the first-priority round with an average competition rate of 25 to 1. For the exclusive 59㎡B type, 1,144 subscription accounts competed for five units, recording a competition rate of 228.8 to 1.
The sale price was set with the exclusive 84㎡ capped at 1.848 billion won. This exceeds last month's actual transaction price (1.7 billion won) for the exclusive 84㎡ at Magok Hillstate, a 12-year-old complex nearby, prompting some to say the sale price was high. However, as the scarcity of new apartment supply in Seoul came to the fore, subscription demand appears to have increased.