LH, Lottery Supply of Apartment Site in Uiwang Gocheon

[Asia Economy Reporter Yoo In-ho] LH announced on the 13th that it will supply the apartment site B-2 block (52,642㎡) within the Uiwang Gocheon Public Housing District in Gyeonggi Province by lottery.

The supply price of the B-2 block being supplied this time is 250 billion KRW. It is about 15.67 million KRW per 3.3㎡. With a floor area ratio of 190% and a maximum of 25 floors, up to 952 households can be built. Land use will be available after December 31 next year.

This site is subject to the post-sale system, meaning that residents can be recruited after the construction progress reaches 60%. The advantage of the post-sale system is that residents can check the housing construction status before purchasing, reducing poor construction, and they can move in within a short period after the contract.

The Uiwang Gocheon District is being developed over 543,000㎡ in the Gocheon-dong area of Uiwang City, with a planned population of about 10,000 people. Nearby, the Gwacheon-Bongdam Expressway and National Road No. 1 pass through, and to the north of the district is the Seoul Ring Expressway, while to the south is the Yeongdong Expressway, providing excellent metropolitan transportation accessibility.

Applications can be made through the LH Subscription Center. The first-priority lottery application will be on the 7th of next month, the lottery on the 8th, and contracts will be signed starting from the 18th. First priority is given to housing construction business registered companies with more than 300 housing units constructed in the last three years, and second priority is given to housing construction business registered companies.

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