Hoban Summit Incheon Geomdan Phase 3 Fully Subscribed in First-Priority Round with Average Competition Rate of 43.55 to 1 [Real Estate AtoZ]

A total of 11,497 applications for 264 units
All unit types fully subscribed in both local and other regions
Price ceiling applied, average 16.39 million won per 3.3㎡... Safety margin of about 100 million won expected
Winners to be announced on December 12

'Hoban Summit Incheon Geomdan Phase 3,' supplied in Incheon Geomdan New Town, successfully closed subscriptions for all unit types, recording an average competition rate of over 40 to 1 in the first-priority application round. Following strong interest in the special supply, the general supply also maintained this momentum. Analysts attribute the success to the safety margin provided by post-sale, the location near a subway station, and the advantages of being in a non-regulated area.

Hoban Summit Incheon Geomdan Phase 3. Hoban Industries.

According to Cheongyak Home of the Korea Real Estate Board on December 5, a total of 11,497 applications were submitted for 264 units in the first-priority application round held that day. The average competition rate reached approximately 43.55 to 1. All unit types were fully subscribed in both the local and other regions.

By unit type, 84㎡A received 1,734 applications for 25 units, marking the highest competition rate at 143.42 to 1. For 84㎡B, there were 4,201 applications for 59 units (143.83 to 1). The 84㎡C type saw 1,050 applications for 24 units (86.50 to 1), 84㎡D had 773 applications for 20 units (76.30 to 1), 97㎡ recorded 1,964 applications for 70 units (55.11 to 1), and 97㎡P had 1,775 applications for 66 units (the highest at 52.79 to 1).

In the special supply round held the previous day, the average competition rate was 12.5 to 1. Applications from first-time homebuyers and newlyweds were concentrated, resulting in double-digit competition rates.

The complex is located in Block AB13 of Geomdan New Town, Wondang-dong, Seo-gu, Incheon, and consists of eight buildings with two basement levels and 29 above-ground floors, totaling 905 units. Of these, 492 units (228 for special supply and 264 for general supply) are being offered through the main subscription, excluding 413 units previously allocated through advance subscription.

The sale price is set under the price ceiling system, averaging 16.39 million won per 3.3㎡. The average sale price for an 84㎡ unit is 551 million won, and for a 97㎡ unit, it is 620 million won. This is lower than market prices in the area, so a safety margin of about 100 million won is expected at the time of move-in.

The location is within walking distance of Ara Station on Incheon Subway Line 1, making it the last supply in the station area, which adds to its scarcity value. Confirmed infrastructure such as GTX-D (scheduled to begin construction in 2028), the Gyeyangcheon riverside park, and the planned legal town are also considered strengths.

Geomdan New Town is a non-regulated area, so there is no requirement for actual residence. The resale restriction is three years, and the re-application restriction is ten years. The contract deposit is 10% of the sale price, and interim payment interest is deferred. Winners will be announced on December 12.

This project marks Hoban Group's fourth supply in Geomdan, following three previous complexes (1,168 units in Phase 1, 719 units in Prime View, and 856 units in Hosu Park Station), forming a brand town with over 3,600 units in total.