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The Sharp Dunchon Foret Unlisted Subscription Results: High Competition, Many Abandoned Contracts

real estate

Entered 2024.04.20 14:24 Modified 2024.04.20 15:21

Unlisted subscription for ‘The Sharp Dunchon Foret’ in Dunchon-dong, Gangdong-gu on the 22nd
14 unique 84㎡ households were released through unlisted subscription

POSCO E&C, bird’s eye view of ‘The Sharp Dunchon Foret’. Photo = POSCO E&C ‘The Sharp Dunchon Foret’ in Gangdong-gu, Seoul hosts an unlisted subscription called ‘Jubjub’. Although the competition rate was in double digits and there were good subscription results, many of the winners abandoned their contracts.

According to the Korea Real Estate Agency subscription homepage on the 20th, ‘The Sharp Dunchon Foret’ in Dunchon-dong, Gangdong-gu will hold an unlisted subscription for 14 unique 84㎡ homes on the 22nd. This complex is a general sales complex where a new separate building was constructed during the remodeling of Dunchon Hyundai 1st. Among the 74 households that were for sale overall, 14 households, or around 20%, abandoned their contracts.

The subscription performance of this complex was good. The competition rate for special delivery averaged 21.6 to 1, and the competition rate for first priority subscription averaged 93 to 1. The bonus points for winning first place were also high. In the unique 84㎡A, a bankbook with a maximum score of 69 points was produced, and 69 points is the highest score that a family of four can receive.

It is believed that the reason why a contract was not completed despite the high competition rate is the lack of funds. The complex is a post-sale apartment complex, and the sale price is about 1.2 billion to 1.3 billion earned. The balance must be paid in full before moving in on the 11th. There are restrictions on resale, so it will be difficult to sell pre-sale rights for a while. As the mammoth ‘Olympic Park Foreon (Dunchon Jugong)’ complex is also scheduled to move in in November, the timing overlap is also a burden. The actual residence obligation is deferred for 3 years, so you can ease the burden of the balance by renting a lease, but if a ‘supply bomb’ falls in the neighborhood, the price of the lease can plummet, disrupting your plan on for the balance.

Lee Song-ryeol, Hankyung.com reporter yisr0203@hankyung.com

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