244㎡ Penthouse Sees 9:1 Competition, 226㎡ Reaches 15:1
Demand Focused on Select Luxury Units, Overall Competition Rate at 0.43:1
High-Income, High-Asset Demand Remains Strong
The high-end mixed-use residential complex "Onard Beomeo," located in Beomeo-dong, Suseong-gu, Daegu, sold out all of its penthouse units in the first round of subscriptions. However, the overall average competition ratio was only 0.43 to 1, highlighting a pronounced polarization as demand concentrated on larger units.
According to the subscription platform of the Korea Real Estate Board on July 2, for the first-round subscription of "Onard Beomeo," supplied by POSCO E&C, 18 people applied for the two 244㎡ penthouses priced at 6 billion KRW each, resulting in a competition ratio of 9 to 1. For the single 226㎡ penthouse priced at 5.7 billion KRW, 15 people applied, resulting in a competition ratio of 15 to 1.
For the high-priced large units, two 160㎡ units attracted seven applicants, resulting in a competition ratio of 3.5 to 1. The 168㎡ (five units) and 170㎡ types (five units) also sold out, recording competition ratios of 1.0 to 1 and 1.2 to 1, respectively. In contrast, the larger-volume unit types?136㎡ (93 units), 153㎡ A·B·C (211 units), and 156㎡ A·B (222 units)?all saw undersubscription.
Out of a total of 604 units, only three applications were submitted for the 78 units allocated for special supply. For the 601 units available under general supply, a total of 258 applications were received, resulting in an average competition ratio of 0.43 to 1.
"Onard Beomeo" will consist of five buildings, ranging from six basement levels to 33 above-ground floors, with a total of 604 units. All units are large-sized, with exclusive areas of at least 136㎡. The project drew attention for setting a record-high pre-sale price in Daegu, at approximately 43 million KRW per 3.3㎡. It will also feature Daegu's first resident-only cinema within the complex. The top floor will house a sky community, including a sky lounge, sky fitness, and GX facilities. This is a post-sale complex scheduled for move-in in January 2026.
As of the end of May, Daegu had 8,586 unsold housing units. Despite the overall market downturn, the concentration of subscriptions for certain high-end units is seen as evidence that demand among local high-net-worth individuals remains strong. According to KB Management Research Institute's "2024 Korea Wealth Report," Daegu ranked fourth nationwide, after Seoul, Gyeonggi, and Busan, with 19,000 "Korean-style wealthy" individuals?those with financial assets of at least 1 billion KRW. Within the region, high-income and high-asset individuals have overwhelmingly shown a preference for Suseong-gu.
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