Average Subscription Competition Rate of 66 to 1 for Lotte Castle River Park Signature in Gwangjin-gu, Seoul

[Asia Economy Reporter Hyungsoo Park] 'Lotte Castle River Park Signature,' a reconstruction project in Jayang 1 District, Gwangjin-gu, Seoul, recorded an average competition rate of 66 to 1 in the first-priority subscription.

According to the Korea Real Estate Agency's subscription homepage on the 11th, Lotte Castle River Park Signature received 27,738 applications for 422 households in the first-priority local subscription on the same day.

The 101㎡A exclusive area, which recruited 10 households, attracted 7,844 applicants, recording a competition rate of 788.4 to 1. Other areas also showed triple-digit competition rates, including 101㎡B (540.9 to 1), 59㎡A (126.8 to 1), 84㎡D (119.0 to 1), and 59㎡B (102.5 to 1).

Lotte Construction is introducing the Lotte Castle brand apartment for the first time in Gwangjin-gu, Seoul, consisting of 6 buildings with a total of 878 households, ranging from 2 basement floors to a maximum of 35 floors above ground. The general sale price was set at an average of 29.78 million KRW per 3.3㎡.

Within the redevelopment district of Cheonho and Seongnae 3 Districts in Gangdong-gu, Seoul, 'Hillstate Cheonho Station Gentris' attracted a total of 3,322 applicants for 120 households, recording an average competition rate of 20.8 to 1. The average sale price was set at 27.08 million KRW per 3.3㎡.