VTGMP, 'VT Style' First-Round Subscription Closes... Maximum Competition Rate 78 to 1

[Asia Economy Reporter Jang Hyowon] VT GMP announced on the 28th that the subscription for the post-sale apartment ‘VT Style,’ scheduled to be held for three days from the 26th to the 29th of this month through its subsidiary GMP Global, successfully closed with first-priority applications.

According to the Subscription Home website, the day before, the subscription results for ‘VT Style’ in the first-priority eligible area attracted 1,685 applicants for 47 households (excluding special supply), recording an average competition rate of 35.8 to 1. All nine housing types filled their recruitment quotas in the first-priority eligible area.

Located near Janghanpyeong Station, ‘VT Style’ consists of two buildings with a total of 92 units, ranging from three basement floors to a maximum of 15 floors above ground, with a total floor area of 9,991.51㎡. It offers 75 apartment units, 13 officetel units, and 4 commercial spaces.

A VT GMP official explained, “Even before the sale date, the excellent accessibility of the transportation environment, shopping and cultural facilities, and the presence of many elementary, middle, and high schools such as Jangpyeong Elementary School right in front of the complex, Dongguk University Middle School, Dongguk University High School, and Hwikyung Girls’ Middle and High Schools, seem to have led to strong responses from real demand buyers with children, resulting in good subscription results.”

Additionally, VT Style provides full options including induction cooktops, bidets, and system air conditioners, enhancing convenience with the installation of a modern smart apartment system. Furthermore, it secures storage space through the provision of dressing rooms and installs middle doors to reduce heating and cooling costs as well as mitigate internal and external noise.

The announcement of the winners for the ‘VT Style’ subscription will be on August 4th, and the contract period is scheduled to be held over three days from August 16th to 18th.