Preliminary winner contract closing result on the 13th
Exclusive area 59㎡, 84㎡ ‘sold out’
For 29~49㎡, 40% of 2061 households are not contracted
Unranked subscription scheduled for the end of this month
The site of the Dunchon Jugong reconstruction complex in Gangdong-gu, Seoul. Provided by the Construction Business Team
The general pre-sale small and medium-sized housing type of Dunchon Jugong Apartment (Olympic Park Foreon) in Gangdong-gu, Seoul, which was considered the biggest beneficiary of the government’s all-round real estate deregulation, was sold out in the preliminary winner contract. However, it is known that the contract rate of the ultra-small volume, which accounts for 43% of the pre-sale volume, was only in the 60% range, and it was moved to non-priority subscription. Summarizing the words of the sales industry and the Dunchon Jugong Construction Project Group on the 14th, all contracts for a total of 2725 households with exclusive areas of 59㎡ and 84㎡ in the preliminary winner contract for this apartment, which had been carried out until the previous day, were all concluded. Dunchon Jugong, which sold a total of 4,786 households in December last year, had a lower subscription rate than expected, but the atmosphere changed in early January following extensive deregulation, such as the government’s lifting of regulated areas, easing of resale restrictions, and allowing interim payment loans exceeding 1.2 billion won. However, it is reported that only 60% of the total 2061 households of 29㎡ (10 households), 39㎡ (1150 households), and 49㎡ (901 households), which account for 43% of the general sales volume of this apartment, have been contracted. Considering that 800 households remain unsold, the overall average contract rate is regarding 83%. The construction project team said, “We decided not to disclose the specific contract rate until the non-priority subscription, so we cannot confirm the remaining volume.” The Dunchon Jugong Association and the construction project team are planning to start receiving non-ranked orders for the remaining quantity through the subscription home at the end of this month at the earliest. The construction industry responded that the urgent fire was put out as the contract with Dunchon Jugong exceeded 80%. In the market, there was great concern that in the event of a large-scale unsold apartment in Dunchon Jugong, which is a semi-Gangnam area and a super large complex, not only the sales market stagnation but also the construction project financing (PF) market would be hit hard. It is said that Jangwizai Radiant in Seongbuk-gu, which had previously completed an unranked contract, is also close to closing with a contract rate of over 90% thanks to the government’s deregulation. Reporter Choi Jong-hoon [email protected]