'Cheonho Station Maestro' Unranked Subscription Competition Rate Reaches a High of 342 to 1

Hanmi Global's real estate development subsidiary, Hanmi Global D&I, has closed the non-designated subscription for 'Cheonho Station Maestro' in Gangdong-gu, Seoul, with an average competition rate of 45.92 to 1.

Maestro Perspective View at Cheonho Station. / Image courtesy of HanmiGlobal D&I

According to the Korea Real Estate Board's subscription homepage on the 30th, a total of 1,745 applications were received for 38 units during the non-designated subscription for Cheonho Station Maestro held from the 25th to the 26th. Among them, the 55㎡F unit, which had only one unit allocated, received 342 applications, recording the highest competition rate of 342 to 1.

The complex will be developed on 334-2 Cheonho-dong, Gangdong-gu, consisting of two buildings with 12 floors above ground, totaling 77 units with exclusive areas ranging from 30 to 55㎡. It is within walking distance of Cheonho Station, a transfer station for subway lines 5 and 8, offering excellent access to Gangnam. Olympic-ro and Cheonho-daero are adjacent, and Olympic-daero is nearby, providing an excellent wide-area road transportation network. Convenience facilities include large shopping centers such as Hyundai Department Store, E-Mart, and 2001 Outlet, as well as Gangdong Sacred Heart Hospital, Lotte Cinema, and Cheonho-dong Rodeo Street. Abundant green spaces such as the Han River, Gwangnaru Hangang Park, Cheonho Park, and Pungnap Neighborhood Park are also accessible on foot.

In terms of product features, most types are designed with a slab-type structure, and balcony expansion is provided as standard, offering more usable space compared to the same exclusive area. Some units feature duplex and attic designs that maximize aesthetics and storage, as well as external terraces with beautiful views of the Han River.

The announcement of the non-designated subscription winners will be on the 2nd of next month, and contracts will be signed from the 4th to the 6th. Move-in is scheduled for February 2025. The resale restriction period is one year from the announcement date of the initial resident recruitment notice, allowing resale from November 4th.

A sales official stated, "As the number of one- to two-person households increases recently, demand for small apartments is rising, especially for apartments with large service areas. Cheonho Station Maestro has excellent location and product features, meeting various preferences of demanders, and also has high investment value."