ACRO de Seocho, set to rise in Seocho District, Seoul, closed its special supply with an average competition rate of 751 to 1. It is the highest average special-supply competition rate ever in Seoul's presales market. The top rate reached 1,897 to 1.
According to Korea Real Estate Board (REB) Cheongyak Home on the 1st, ACRO de Seocho received a total of 19,533 applications for special supply the previous day for 26 homes. The average competition rate was 751 to 1.
The highest competition rate came from the 59㎡ Type A (first-ever special supply), which had 7,589 applications for four homes. The rate reached 1,897 to 1.
Special supply typically does not close because conditions such as multi-child households and newlyweds are stricter than for first-priority subscriptions, but it succeeded in closing, raising expectations for the first-priority (applicable) subscription closing to be held on the 1st.
ACRO de Seocho drew interest as it was offered at an average presale price of about 78 million won per 3.3㎡ (pyeong), a competitive level compared with nearby complexes, along with an excellent location.
ACRO de Seocho will take first-priority subscriptions on this day. As the complex is in Seocho District, a speculative-overheating zone, 60% will be allocated by lottery and 40% by points. On the 2nd, first priority (other); on the 3rd, second-priority applications will be accepted. Winners will be announced on the 9th, and firm contracts will run for four days from the 20th to the 23rd. Move-in is scheduled for Feb. 2029.
ACRO de Seocho, a project by DL E&C to rebuild the Seocho Shindonga Phases 1 and 2 apartments, will be built at 1333 Seocho-dong, Seocho District, Seoul, with four basement levels to 39 above-ground floors across 16 buildings, totaling 1,161 homes. The general supply comprises 56 homes with an exclusive area of 59㎡.