Over 80,000 Apply for First Priority Subscription of 'Jamsil Raemian I-Park'

Average Competition Ratio 268.7 to 1

More than 80,000 people applied for the first-priority subscription of 'Jamsil Raemian I-Park,' a reconstruction of Jinju Apartment in Sincheon-dong, Songpa-gu, Seoul.

According to the Korea Real Estate Board's subscription website on the 22nd, 82,487 people applied for the first-priority supply of 307 units at Jamsil Raemian I-Park held that day, resulting in an average competition rate of 268.7 to 1. The complex also attracted nearly 40,000 applicants during the special supply the previous day, with a competition rate reaching 140 to 1.

The 84㎡ D-type, which had the largest number of 87 units available, saw 27,287 applicants, recording a competition rate of 313.6 to 1.

The 59㎡ A-type, with 24 units available, attracted 14,190 applicants, showing the highest competition rate of 591.2 to 1.

The competition rate for the 59㎡ C-type also reached 415.6 to 1.

The sale price for the 59㎡ units in this complex is in the 1.5 billion KRW range, but the same size units in the nearby Parkrio recently traded in the 2 billion KRW range.