Shinwon Comprehensive Development Completes Contracts for All Units at Mangwoo Station Shinwon Achim City

Mangwoo Station Shinwon Achimdosi, which recorded a high subscription competition rate, has completed contracts for all units and closed sales.

Mangwoo Station Shinwon Achimdosi is being developed with 2 buildings ranging from basement level 2 to ground level 20, comprising a total of 99 households. By exclusive area, there are 14 units of 48㎡ Type A, 19 units of 48㎡ Type B, 34 units of 48㎡ Type C, 11 units of 49㎡, 19 units of 57㎡, and 2 units of 84㎡, with all units consisting of small to medium-sized floor plans.

After unveiling the model house on November 27 and officially starting sales, Mangwoo Station Shinwon Achimdosi received applications starting with special supply on December 7, followed by first priority (local area) on December 8, first priority (other areas) on December 9, and second priority subscription on December 10.

According to the Korea Real Estate Board’s Subscription Home, 3,280 subscription accounts were received for 52 first priority units (excluding special supply) at Mangwoo Station Shinwon Achimdosi, showing an average competition rate of 63.1 to 1.

In particular, the 84㎡ type recorded the highest competition rate of 613.5 to 1, with 1,227 applications for 2 units (excluding special supply). The 48㎡ Type A recorded a 24.5 to 1 competition rate, 48㎡ Type B 18.7 to 1, 48㎡ Type C 29.9 to 1, 49㎡ 21.3 to 1, and 57㎡ 113.7 to 1 in first priority subscriptions.

According to a representative from Shinwon Comprehensive Development, all units were sold out during the official contract period held from November 28 to 30, marking a complete sell-out streak.

The Shinwon Comprehensive Development representative stated, “The reason for this great achievement of a complete sell-out seems to be that all units were offered as small to medium-sized floor plans targeting real demand groups such as newlyweds and small families, combined with Shinwon’s proven technological expertise and brand power in the apartment market, which had a significant effect.”

They also said, “We are grateful for the high interest and love shown for Mangwoo Station Shinwon Achimdosi, and we will repay the support by building good apartments with Shinwon’s unique persistence and technology.”

Nearby real estate experts foresee that the success of Mangwoo Station Shinwon Achimdosi is partly due to recent real estate conditions such as the price ceiling system, shortage of new housing supply, and rental difficulties, which inevitably contributed to the complete sell-out streak.

Meanwhile, the construction company Shinwon Comprehensive Development has won the Eco-friendly Construction Industry Award in the residential sector for four consecutive years from 2017 to this year.

This content was produced with the assistance of AI translation services.