Explosive Demand for First Private Sale in Seongsu-dong in 8 Years
84㎡ Unit Sees Record 1,657-to-1 Competition... Nearly 38,000 Apply Across General and Special Rounds
Pre-sale Price Set 1 Billion KRW Below Nearby Market, Attracting Buyers with Regulatory Exemption
The private apartment complex 'Autier Forest', supplied in Seongsu-dong, Seongdong-gu, Seoul for the first time in eight years, achieved remarkable success in both the special supply and first-priority subscription rounds. Analysts attribute the strong demand to the pre-sale price, which is more than 1 billion KRW lower than the surrounding market prices, as well as the fact that the project avoided the application of the '6·27 loan regulation'.
According to Korea Real Estate Board's Cheongyak Home on July 9, a total of 27,525 people applied for the first-priority subscription of Autier Forest the previous day, competing for 40 available units, resulting in an average competition ratio of 688.1 to 1. This is the highest competition ratio in about eight months since 'The H Daechi Edelweiss' in Gangnam-gu recorded 1,025.5 to 1 in October last year. For the 84.99㎡A unit, 3,314 people competed for two units in the local area, resulting in the highest competition ratio of 1,657 to 1. The 59.96㎡A unit, which had the largest supply with 15 units, also saw 11,575 applicants, reaching a ratio of 771.6 to 1.
In the special supply subscription held the previous day (the 7th), 11,181 people applied for 48 units, resulting in an average competition ratio of 232.9 to 1. Combining both special and general supply, the total number of applicants reached 38,706.
Autier Forest is a reconstruction project by POSCO E&C, redeveloping the Jangmi Apartment complex in Seongsu-dong 1-ga. The complex consists of three buildings with three basement floors and 20 above-ground floors, totaling 287 units. Of these, 88 units are available for general sale. This marks the first general sale of a private apartment in Seongsu-dong in eight years, since Acro Seoul Forest in 2017.
The strong subscription results are attributed to both the avoidance of loan regulations and the expectation of capital gains. The project announced its resident recruitment prior to the enforcement of the 6·27 loan regulation, which limits loan amounts to 600 million KRW, and is therefore not subject to this regulation. The pre-sale price for the 59㎡ unit ranges from 1,703 million to 1,999.6 million KRW, while the 84㎡ unit is priced between 2,412.6 million and 2,486 million KRW. If the regulation had applied, buyers would have needed to prepare more than 1 billion KRW in cash for the 59㎡ unit.
In addition, compared to nearby complexes such as Acro Seoul Forest, the pre-sale price is set more than 1 billion KRW lower than the surrounding market value, further fueling demand. The pre-sale rights transfer restriction is also only one year, creating expectations for a quick realization of capital gains.
During the model house operation, Autier Forest was fully booked in advance despite requiring reservations. As a high-end apartment in a rare location adjacent to Seoul Forest, it attracted a diverse range of buyers, from newlyweds to middle-aged and older individuals. Move-in for Autier Forest is scheduled for July 2027.
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