'Geomdan Paragon Central Park' averages 8.64 to 1... First priority subscription closed

▲ Perspective view of 'Geomdan Paragon Central Park' in AA2 Block, Geomdan New Town, Seo-gu, Incheon (Provided by Easy General Development)

[Asia Economy Reporter Chunhee Lee] Easy General Development announced on the 9th that 'Geomdan Paragon Central Park,' supplied in Seo-gu, Incheon, closed subscriptions at the first priority with an average competition rate of 8.64 to 1.

According to the Apartment To You service of the Korea Financial Telecommunications & Clearings Institute on the 9th, Geomdan Paragon Central Park, which received first-priority subscriptions the previous day, attracted a total of 6,725 applicants for 768 units excluding special supply, showing an average competition rate of 8.64 to 1.

Looking at the competition rate by unit type, the 84㎡A (exclusive area) other region recruitment showed the highest competition rate of 24.69 to 1. This complex is supplied in a large-scale housing development district in Incheon City, prioritizing 50% of winners from Incheon residents, and from these, 50% are selected from unsuccessful applicants and other metropolitan area residents. Accordingly, in the first priority other region supply, which was allocated 166 units, competition formed between 1,721 unsuccessful applicants from the relevant area and 2,377 applicants from other regions, resulting in this competition rate. The competition rate for the relevant area for this unit type was 11.31 to 1.

The 84㎡B, recruiting 445 units, showed a competition rate of 3.95 to 1 in the relevant area and 10.08 to 1 in other regions.

Geomdan Paragon Central Park is being built in AA2 Block of Geomdan New Town, Seo-gu, Incheon, with 12 buildings ranging from 2 basement floors to 25 floors above ground, totaling 1,122 units. The biggest advantage of this complex is its proximity to the station. When the Geomdan extension line of Incheon Subway Line 1, scheduled for 2024, opens, it will become a station-area complex with a station located within a 3-minute walk. By transferring to the Airport Railroad at Gyeyang Station, just one stop away, it will be possible to reach Seoul Station within about 30 minutes. If the currently planned extensions of Seoul Subway Line 5 and Incheon Subway Line 2 are realized, the transportation accessibility of Geomdan New Town is expected to improve dramatically.

Easy General Development applied three-sided balconies to all 1,122 units of this complex to maximize service area, while adopting a south-facing layout and slab-type cross-ventilation structure to enhance lighting and ventilation. The average sale price per 3.3㎡ is about 12.47 million KRW, with prices ranging from 374 million to 430 million KRW. The down payment is 10%, payable in two installments of 5% each. A 60% interim payment offers an interest-only loan benefit.

Following subscription, the winners will be announced on the 15th, and contracts will be signed over three days from the 28th to the 30th. The expected move-in date is June 2022.

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