"Mokdong Yunseul Xi" Subscription Sees Peak Competition of 32:1, Highlighting Core Mok-dong Location and High-End Features

Distinctive Features: Balcony-Oriented Design, Hotel-Operated Wellness, 47th-Floor Sky Community

Enhanced Product Competitiveness with Financial Benefits

Smooth Contract Process Expected; Signing Scheduled for September 13-14

Homebuyers who had been waiting for new properties to secure outstanding infrastructure and future value flocked to the recent subscription for "Mokdong Yunseul Xi." Its status as a prime location in the heart of Mok-dong, featuring differentiated design and amenities, attracted significant interest from prospective buyers.

According to Korea Real Estate Board’s Cheongyak Home, the subscription for "Mokdong Yunseul Xi" held on September 8 drew 3,788 applications for 651 available units, resulting in an average competition ratio of 5.8 to 1.

In particular, demand from Seoul residents was extremely strong, with priority subscription competition rates reaching 32 to 1 for Group 1 units (115㎡A) and 20.3 to 1 for Group 2 units (114㎡B), clearly reflecting the high level of interest among those looking to purchase a home in the capital.

Mokdong Yunseul Xi Model House

The interest shown during the model house opening was carried over to the subscription process. From September 3 to 6, visitors from Mok-dong, as well as various parts of Seoul and the greater metropolitan area, visited the Mokdong Yunseul Xi Model House. Many families came with children to carefully examine the floor plans, storage spaces, and community layouts, resulting in overwhelmingly positive feedback.

The strong subscription turnout is seen as reflecting the demand from buyers wishing to maintain their current educational and living environments while improving their housing conditions. Expectations for residential environment improvements related to large-scale redevelopment in the Mok-dong area and anticipated substitute housing demand during the relocation process also factored into buyer interest.

With many redevelopment complexes still in the early stages, demand is shifting toward high-quality new properties that offer immediate access to a comfortable living environment and enhanced lifestyle.

In particular, features rarely seen in existing officetels received positive reviews. All units come with balconies, and depending on the type, boast features such as four-bay layouts with excellent natural lighting and ventilation, and two or three balcony exposures to maximize openness. Some units even offer duplex layouts with separate upper and lower floors, providing three-dimensional spatial designs.

The community facilities have been planned so that residents can enjoy exercise, relaxation, and leisure activities within the complex. Floors B1 to B3 will feature the "Concord Club by Josun," a roughly 10,000-square-meter wellness membership space managed by Josun Hotels & Resorts. The sunken design will secure natural lighting, along with a swimming pool, fitness center, golf practice range, and sauna.

On the 47th floor of Building 102, a sky community zone called "Club Cloud" will be created. It will feature the "Sky Vista" with a wine reserve and cafeteria, as well as a guest house, spaces for work and meetings, and areas for music and movie appreciation.

Financial benefits will also be provided to reduce buyers’ burden. Deferred payment of interest on interim payments will be applied, and the interim loan interest rate is fixed at an annual rate of 2.5%, reducing the interest burden for purchasers.

Major home appliances, such as a built-in air conditioner, air purifier, refrigerator, combined washer and dryer, dishwasher, induction cooktop, and microwave oven, are provided as standard. Premium imported kitchen furniture, Italian porcelain tiles, and ceramic panels are also included in the standard specification to minimize additional costs upon moving in.

A company representative stated, "The appeal of Mok-dong’s location and expectations for future changes, combined with the proven quality of the show units, translated into strong demand during the subscription. With family-oriented designs, community features, and financial benefits, we expect the actual contract process to proceed smoothly."

Meanwhile, "Mokdong Yunseul Xi," constructed by GS E&C, is being developed on the former KT Mokdong site and will consist of three buildings ranging from the 6th basement to the 48th floor above ground, offering 651 units with exclusive areas from 114 to 203㎡. The winners will be announced on September 11, and all will be selected via lottery. Contracts are scheduled to be signed over two days on September 13 and 14.

The model house is located in Mok-dong, Yangcheon-gu, Seoul, while the expected move-in date is planned for the second half of 2030.

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