Eluke Bangbae Seoripul, Highest Competition Rate 49 to 1

[Eluke Bangbae Seoripul Main Entrance]

‘Elukeu Bangbae Seoripul,’ located in Bangbae-dong, Seocho-gu, Seoul, achieved a subscription closing with a competition rate of up to 49 to 1.

According to the Korea Real Estate Board’s Subscription Home, in the non-priority subscription held on the 25th, ‘Elukeu Bangbae Seoripul’ received a total of 125 subscription applications for 7 units, recording an average competition rate of 17.86 to 1. In particular, the 2-model type with only 1 unit attracted 49 applications, showing the highest competition rate of 49 to 1.

‘Elukeu Bangbae Seoripul,’ located in Bangbae-dong, Seocho-gu, Seoul, is a complex with 60 units spanning from 3 basement floors to 13 above-ground floors. This special supply was conducted in the form of post-sale for some royal floors owned by the developer, with a total of 7 units offered.

The biggest factor for its success is location and price. Situated about 150 meters from Bangbae Station (Baekseok Arts University) on Subway Line 2, it is a super-station area within a 2-minute walk in the golden location of the Gangnam area. Amid the recent continuous rise in sale prices and the increased entry barriers for new complexes, this complex was supplied at the initial sale price, making it cheaper compared to the current market price, attracting demand expecting stable profits. Especially, since the balance payment can be covered by the tenant’s deposit upon winning the subscription, gap investment demand is also expected to surge.

The announcement of winners will be on April 30, and the official contract will take place on May 1. Immediate move-in is possible upon full payment after the contract.

[Eluke Bangbae Seoripul Subscription Results]

‘Elukeu Bangbae Seoripul’ is located in the heart of Bangbae-dong, one of Seoul’s representative affluent neighborhoods, with convenient transportation nearby including Bangbae Station on Line 2 and Naebang Station on Line 7. It also boasts excellent vehicle access via Seocho-daero, Nambu Sunhwan-ro, and Olympic-daero. For lifestyle and cultural infrastructure, there are Shinsegae Department Store Gangnam Branch and the Seoul Arts Center, and it offers a pleasant natural environment with Bangbae Park, Seoripul Park, Montmartre Park, and Bangbae Neighborhood Park.

The complex offers a layered home design reflecting diverse lifestyles of residents, allowing each to decorate and utilize their living space according to their preferences. At the same time, storage spaces are provided for each household within the complex to enhance space utilization. Community facilities include a rooftop exclusive to residents, a fitness center, and a book caf?.

Currently, several nearby areas are selected and progressing as Bangbae Housing Reconstruction Maintenance Project (planned), and the creation of an eco-friendly cultural and artistic complex town on the former Jeongbosa site is also underway, raising expectations for future value.

Meanwhile, the ‘Elukeu Bangbae Seoripul’ sales promotion center is located on the first floor of the project site, and detailed information is also available on the official website.