Non-Regulated Area Sale 'The Sharp Songdo Centennial' 143.4 to 1

[Asia Economy Reporter Yoo In-ho] The average first-priority subscription competition rate for 'The Sharp Songdo Centennial,' which is being sold in the non-regulated area of Songdo, Incheon, reached 143.4 to 1.

According to the Korea Real Estate Board's subscription homepage on the 4th, The Sharp Songdo Centennial in Yeonsu-gu, Incheon, which received first-priority subscriptions that day, had 27,251 applicants combined from the relevant area and other areas for 190 households.

The highest competition rate was recorded in the 84㎡A unit for other areas (431.3 to 1). Except for the 84㎡B unit in the relevant area (75.1 to 1) and the 84㎡C unit in the relevant area (80.6 to 1), all housing types and regions showed triple-digit competition rates.

Starting from August, the restriction on resale of pre-sale rights, which has been implemented only in speculative overheated districts and other regulated areas within private land, will be expanded to most areas in the metropolitan area and major provincial cities. This is interpreted as subscription investment demand rushing to avoid regulations.

The Sharp Songdo Centennial is being constructed in Songdo International Business District, Yeonsu-gu, Incheon, with 4 buildings up to 39 floors above ground and 2 basement floors, totaling 342 households with exclusive areas ranging from 75 to 98㎡.