Unabated Fever of Applying for Residence and Commercial Complex

On May 18, at the model house of “Acro Tower,” which will be constructed at Yongsan, Seoul by Koryo Development Co., about 2,000 people crowded to apply for it. At the six branches of Kookmin Bank, which were appointed as alternative places for application, 3,000 people applied for the complex. Two hundred and eight households and 80 officetels will be accommodated, and the deadline for application is May 19. The reason why the people poured in on the first day of application is that they are permitted to sell their rights for housing only once, and Yongsan is rising as a brand-new place for the rich to live.

ufo@donga.com