Sampyo, 'Hillstate DMC Station' Achieves Highest Competition Rate of 45.29 to 1

Perspective view of Hillstate DMC Station.
Photo by Sampyo Group

[Asia Economy Reporter Kim Jong-hwa] Hillsstate DMC Station, a high-end premium private rental apartment introduced by Sampyo Group, a construction basic materials specialist, has succeeded in attracting strong subscription interest with a top competition rate of 45.29 to 1.

Sampyo Group announced on the 1st that a total of 5,295 applications were received for 299 units during the two-day subscription period starting from the 29th of last month for Hillsstate DMC Station. The winners will be announced through a lottery on December 2. Subsequently, the official contracts will be signed over three days from the 5th to the 7th. The expected move-in date is April 2027.

It received overwhelming attention with a highest competition rate of 45.29 to 1 and an average competition rate of 17.71 to 1. The highest competition rate for Hillsstate DMC Station was recorded in the 75㎡ exclusive area type. With 4,076 applicants for 90 units, it achieved the top competition rate of 45.29 to 1.

Located in Jeungsan-dong, Eunpyeong-gu, Seoul, Hillsstate DMC Station consists of two buildings with 36 floors above ground and 5 basement levels, offering a total of 299 units ranging from 59 to 75㎡ exclusive area. All units are composed of highly preferred small to medium-sized floor plans.

The biggest advantage that captured the attention of demanders this time is the low entry barrier for subscription. Anyone aged 19 or older who is the head of a household can apply regardless of home ownership. There are no requirements for subscription savings accounts such as deposit amounts, and residents are recruited through a 100% lottery system. Additionally, resale is allowed twice, which further highlights its future value.

A Sampyo Group official said, "In a difficult real estate investment environment amid rising inflation, a high-end premium private rental apartment combining reasonable prices and excellent product quality is emerging as a new alternative during the economic downturn," adding, "With the expected improvements in traffic flow and various development benefits, convenient living can be anticipated."