The First High-End Complex in Singil New Town "Summit Clavion" Now Open for Official Contracts

First-Priority Average Competition Ratio Reaches 66.78:1, Peaking at 183:1


All Unit Types Fully Subscribed in Eligible Region


Singil New Town's First High-End "Summit" Launch


Dual Station Accessibility and Complete Lifestyle Infrastructure in Place

Korea Land & Housing Trust Co., Ltd. will hold official contract signings for "Summit Clavion" at Singil New Town in Yeongdeungpo-gu, Seoul, from Tuesday, September 8, to Thursday, September 10, 2026. Following the strong interest seen during the subscription phase, there is keen attention on whether this momentum will carry over to the upcoming contract period.

"Summit Clavion" is a residential complex offered as part of the Singil 10 Redevelopment Promotion Zone housing reconstruction project. Korea Land & Housing Trust is overseeing the development, while Daewoo Engineering & Construction is in charge of construction. The project consists of eight buildings with a total of 812 units, ranging from four basement levels to a maximum of 29 floors above ground. Among these, 176 units sized between 44 and 59 square meters (exclusive area) are available for general sale.

The subscription results confirmed strong buyer interest. According to Subscription Home by Korea Real Estate Board, in the first-priority subscription for the eligible area held on August 19, 83 units were available (excluding special supply), receiving 5,543 applications—a competition ratio of 66.78 to 1 on average. All seven housing types were fully subscribed in the first-priority, eligible-region round.

By unit type, the 49 square meter exclusive area received 915 applications for 5 units, resulting in the highest competition ratio of 183 to 1. The 44 square meter type A also saw significant demand with 748 applications for 7 units, a ratio of 106.86 to 1. In the earlier special supply phase, 93 units received a total of 6,083 applications, again indicating keen market interest.

This high subscription rate can be attributed to several factors: the symbolic value of Daewoo Engineering & Construction’s high-end "Summit" brand making its debut in Singil New Town; the project’s status as the last private-sector offering in the area, allowing residents to enjoy already established residential infrastructure; and favorable transportation links connecting to major business districts in Seoul. Each of these aspects contributed independently to strong demand.

Singil New Town itself is one of the largest redevelopment projects in Seoul’s southwestern region, comprising 14 zones and approximately 16,000 households. The introduction of the "Summit" brand for the first time in the nearly completed Singil New Town means that residents of "Summit Clavion" will be able to enjoy both the existing life infrastructure and a high-end residential product.

Much attention was paid to product differentiation. The project features specialized exterior design, a sky lounge, sauna, drop-off zones, and other premium community facilities and finishes. The 44 square meter units will feature a vertical wide living room design for more efficient space utilization, while the 59 square meter type A unit will have a 4-Bay flat layout. The parking ratio is 1.54 spaces per household, offering ample parking, and all buildings are oriented to face south, ensuring wide spacing between structures.

Transportation conditions are another advantage. The site is a highly accessible location near Sinpung Station on Seoul Subway Line 7, and when the Shinansan Line opens in the future, it will become a dual station area. Line 7 provides direct access to locations such as Gasan Digital Complex, Gangnam-gu Office, Nonhyeon, and Express Bus Terminal without transfers. Following the opening of Sinpung Station on the planned Shinansan Line, the area will be just three stops away from Yeouido, further improving access to the Yeouido business district.

Residents will also benefit from established educational and daily living infrastructure. Primary, middle, and high schools—including Daegil Elementary School, Daeyoung Elementary School, Singil Middle School, and Youngshin High School—are located nearby. Green spaces such as Singil Neighborhood Park, Laonso Park, and Boramae Park are also in close proximity. Shopping and cultural facilities like Times Square Yeongdeungpo, The Hyundai Seoul, Yeouido IFC Mall, Lotte Department Store, and Emart are easily accessible, as are medical facilities including Hallym University Kangnam Sacred Heart Hospital and Myongji St. Mary's Hospital.

As Seoul’s southwestern area rapidly gains status as a key residential zone linking Yeouido and Gangnam, the scarcity value of high-end developments within new towns with complete infrastructure is expected to increase further in the coming years.

A representative from the sales team stated, "Given the high competition ratios seen in both special supply and first-priority subscriptions, we expect to achieve similarly strong results in the official contract signing. We are preparing to minimize on-site congestion and ensure smooth proceedings by implementing a pre-booking system."

Meanwhile, contract signing for "Summit Clavion" will proceed for three days from Tuesday, September 8, to Thursday, September 10, 2026. The model home is located on Hangang-daero in Yongsan-gu, Seoul.

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