Gimpo "Hoban Summit Pungmu III" Records Highest First-Priority Subscription Competition Ratio of 21.5:1

Up to 29 Floors, 8 Buildings, and 660 Units
The Last Apartment Complex Supplied in the Pungmu Station Area

Hoban Industries' "Hoban Summit Pungmu III," supplied to Block B4 in the station area of Pungmu, Gimpo, recorded a competition ratio of up to 21.5:1 in the first-priority subscription round.

According to Korea Real Estate Board's Cheongyak Home, a total of 2,443 applications were submitted for 266 units (excluding special supply) in the first-priority subscription for "Hoban Summit Pungmu III" held on July 21, resulting in an average competition ratio of 9.2:1.

Perspective view of Hoban Summit Pungmu II in the Gimpo Pungmu station area. Provided by Hoban Industries.

The competition ratio by unit type was as follows: 59㎡A - 21.5:1, 59㎡B - 11.8:1, 84㎡A - 12:1, 84㎡B - 4:1, 84㎡C - 3.9:1, and 84㎡D - 3:1. The highest ratio was recorded for the 59㎡A type.

This high demand is attributed to the scarcity value of being the last apartment complex in the Pungmu station area of Gimpo, as well as price competitiveness from the application of a pre-sale price ceiling system.

The list of successful applicants will be announced on July 28, with document submission to take place from July 30 to August 7. Official contracting is scheduled for three days, from August 10 to 12.

Hoban Summit Pungmu III is a residential complex being developed in the Sau-dong area of Gimpo, Gyeonggi Province, comprised of eight buildings with 660 units, ranging from two basement levels up to 29 floors above ground. Among the three blocks, Block B4 is closest to the sites designated for an elementary school, kindergarten, and middle school, boasting strong educational infrastructure. In addition, more than 40% of the land area will feature landscaped green spaces, and various community amenities will be provided, including a fitness center, indoor golf range, and a kids cafe equipped with XR content.

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