937 Public Sale Units to Be Released in Godeokgangil Early Next Month

[Asia Economy Reporter Yuri Kim] Early next month, over 900 public sale units will be released in the Godeok Gangil district of Gangdong-gu, Seoul. As this is the last large-scale housing site for public sale within Seoul city, a high winning cutoff score is expected.

According to industry sources on the 27th, Seoul Housing and Communities Corporation (SH Corporation) plans to announce the resident recruitment for Godeok Gangil Complexes 8 and 14 on the 2nd of next month. The total supply includes 526 units in Complex 8 and 411 units in Complex 14, totaling 937 units.

Complex 8, located at the lower part of District 2, consists of 12 buildings ranging from 5 to 22 floors, with a total of 946 units. The public sale units include 242 units of 49㎡ (exclusive area) and 284 units of 59㎡. Additionally, there are 318 units of national rental housing and 102 units of long-term lease housing. Mangwolcheon and Godeokcheon streams are located to the south of the complex.

Godeok Gangil Complex 14, located in District 3, consists of 9 buildings ranging from 8 to 14 floors with a total of 943 units. Besides public sale units, it includes 179 units of national rental housing and 353 units of Happy Housing. The public sale units consist of 206 units of 49㎡ and 205 units of 59㎡. It is adjacent to Sangil IC on the Seoul Ring Expressway and will have access to Gangil Station on Subway Line 5, which is scheduled to open soon.

Due to the application of the price ceiling system for sale prices, the prices are expected to be set much lower than the surrounding market prices. For example, the sale price of a 59㎡ unit in Godeok Gangil Complex 4, which was sold last year, was set in the mid to high 400 million KRW range, about 100 million KRW lower than the surrounding market price at that time.

Priority application eligibility is given to members of a non-homeowner household who have subscribed to the Housing Subscription Savings (including subscription savings) for more than 2 years and have made at least 24 payments. 50% of the units are preferentially supplied to those who have continuously resided in Seoul for more than 2 years, and the remaining 50% are supplied to residents of the metropolitan area (those who have lived in Seoul for less than 2 years, Gyeonggi Province, and Incheon). For units 60㎡ or smaller, applicants must meet asset ownership and income criteria.

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