LH to Supply 3 Blocks of Row House Land in Okjeong District... Worth 40 Billion KRW

Land Use Plan Map of Okjeong District, Yangju New Town, Gyeonggi (Provided by LH)

[Asia Economy Reporter Lee Chun-hee] A 50,000㎡ scale townhouse site will be supplied in Okjeong District, Yangju New Town, Gyeonggi Province. The scale is about 40 billion KRW.

Korea Land and Housing Corporation (LH) announced on the 14th that it will supply three townhouse sites, blocks D1, D2, and D3 (49,712㎡) in Okjeong District by lottery. The total supply amount is 39.2 billion KRW.

All three blocks recently changed the supply type from the existing 85㎡ (exclusive area) to 60?85㎡ through a district unit plan revision, increasing the number of households and strengthening business feasibility. The building coverage ratio is 60%, the floor area ratio is 100%, and construction up to 4 floors is possible.

Looking at each plot, block D1, which can accommodate 138 households, is 14,999㎡ in size and is supplied at 11.8 billion KRW. Block D2 is 21,820㎡, with 200 households, supplied at 17.1 billion KRW. Block D3 is 12,893㎡, can accommodate 118 households, and the supply price is 10.3 billion KRW.

For this announcement, first and second priority applications are possible only when applying for all three blocks together. Third priority applications can be made individually by plot. The payment condition is interest-free for 5 years, with an 18-month grace period followed by payments every 6 months.

Okjeong District, planned with a scale of 7.06 million㎡ and a population of 100,000, began construction of the extension of Subway Line 7 in December last year, and the construction of the GTX (Great Train Express) C line in the metropolitan area is scheduled for next year. In addition, various transportation networks such as the Metropolitan Area 2nd Outer Ring Road and the Guri?Pocheon Expressway are in place.

In particular, near the townhouse sites supplied this time, Dokbawi Park, which features a walking trail with a music theme, and Seondol Park, which has a water play playground facility, are located, providing a pleasant environment.

LH plans to accept first priority applications on the 6th of next month and conduct the lottery the following day. Then, second priority applications will be accepted on the 8th with a lottery on the 11th, and third priority applications on the 12th with a lottery on the 13th. Applications for lower priorities will not be accepted once the higher priority is closed. The contract period is scheduled from the 18th to the 29th of next month.

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