Mia and Namguro Stations Successfully Clear Final Uncontracted 'n-th Round' Inventory

In the Seoul real estate market's soft landing trend, complexes that have repeatedly worked to resolve unsold units are seeing success in non-priority subscription (jumjum) applications.

According to the Korea Real Estate Board's subscription website on the 22nd, 'Hanwha Forena Mia,' built by Hanwha Construction at 705-1 Mia-dong, Gangbuk-gu, Seoul, attracted 153 applicants for one unit of 53㎡B in the 6th non-priority subscription held that day.

This complex recorded a competition rate of 7.3 to 1 in the first-priority subscription in April last year and conducted non-priority subscriptions up to the 5th round but failed to achieve a full sell-out. The first-come, first-served contracts specifying building and unit numbers were also challenging.

However, as the subscription fever in Seoul revived recently, the remaining units were again offered through non-priority subscriptions. The unsold units released on a first-come, first-served basis were announced under the name of discretionary supply. In fact, Hanwha Forena Mia will conduct a non-priority subscription (discretionary supply) on the 23rd for 10 units, including three units of 80㎡A, five units of 84㎡A, and two units of 84㎡B.

Similarly, 'Namguro Station Dongil Centasia,' also under discretionary supply, recorded valid competition rates for all 10 housing types on the same day. The highest competition rate was 32 to 1 for one unit of 43㎡.

With the easing of non-priority subscription conditions, complexes that were forgotten from a business perspective have become advantageous to apply through the subscription website again. However, industry insiders advised that buyers should carefully consider different factors such as resale restriction periods and interim payment schedules for each complex.

Meanwhile, in April, 'The Sharp Park Soleil Yu' also offered 36 remaining units after the first-come, first-served recruitment as discretionary supply. As a result, the 73㎡A unit recorded the highest competition rate of 132 to 1, achieving great success.

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