A subscriber with the maximum possible priority points has won a unit in the Acro de Seocho apartment complex in Seoul's Seocho district, which recorded competition ratios exceeding 1,000 to 1.
According to the Korea Real Estate Board's subscription system on January 9, the 59㎡ Type C units (two units available) saw both the highest and lowest winning scores at 84 points. One of the two units allocated through the points-based system went to a subscriber with a perfect score, marking the first 84-point winner of the year.
Achieving the maximum 84 points requires meeting all three criteria: maintaining no homeownership for at least 15 years (32 points), holding a housing subscription account for at least 15 years (17 points), and having six or more dependents excluding oneself (35 points). This means a family of seven or more must have remained without owning a home for at least 15 years.
Competition Ratio of 1,099 to 1 Sets Seoul Record
The first-priority subscription round drew 32,973 applicants for just 30 units, resulting in an average competition ratio of 1,099.1 to 1. This marks the highest-ever ratio for a private apartment sale in Seoul, surpassing the previous record of 1,025.5 to 1 set by D'H Daechi Edeluis in Gangnam's Daechi-dong in October 2024.
Special supply allocations also saw intense interest, with 19,533 applicants competing for 26 units at an average ratio of 751 to 1.
Analysts attribute the strong demand to pricing well below market rates. The complex falls under the price ceiling system, resulting in relatively lower sale prices.
Units of 59㎡ were priced between 1.79 billion won and 1.86 billion won ($1.3 million to $1.4 million). Compared to nearby market prices, buyers could expect gains of at least 1 billion won. In the same area, a 59㎡ unit at Seocho Granzai traded at around 3.5 billion won in January, while Raemian Leaders One sold at approximately 3.2 billion won last month.
