Hanam Gam-il Prugio Attracts 110,000 Applicants for First Priority

[Asia Economy Reporter Yoo In-ho] 'Gamil Prugio Markber,' a complex for sale in the Gamil district of Hanam-si, Gyeonggi-do, closed its first-priority subscription with a competition rate of several hundred to one.

According to the Korea Real Estate Board on the 5th, the first-priority subscription held the previous day attracted 114,955 applicants for a total of 284 households. The complex also received 27,608 applications for 180 households (excluding 32 institution-recommended units) during the special supply subscription held the day before.

This complex, located in a large-scale land development district, accepted subscriptions in the order of the local area (30%), other Gyeonggi areas (20%), and other regions (50%).

The highest competition rate came from the exclusive 114.9207A type in the other Gyeonggi category, where half of the winners are selected by lottery. It recorded a competition rate of 1,513.75 to 1. Following that, the 114.7639B type in other Gyeonggi areas recorded a competition rate of 1,227.89 to 1.

In the special supply held on the 3rd, the ‘First-time Homebuyer Special Supply,’ which selects winners by lottery without considering points, had 15,426 applicants for 49 households, resulting in a competition rate of about 315 to 1. The highest competition rate was 526 to 1 for the 84㎡B type in other Gyeonggi areas, with 3,158 applicants for 6 households.

The newlywed couple special supply also saw fierce competition, with 9,441 applicants for 66 households, a rate of 143 to 1.

The sale price of Gamil Prugio Markber, subject to the price ceiling system, is 16.36 million KRW per 3.3㎡, about 60% of the market price. Given the significant reduction in supply in the metropolitan area and the expectation of a ‘lottery subscription’ with guaranteed multi-billion KRW price gains upon winning, many real demanders flocked to apply. The possibility of overlapping subscriptions with the Gwacheon designated area also influenced the rise in competition rates.

Prugio Markber is located on Block 1 of the Gamil district’s mixed-use residential complex site, consisting of five apartment buildings with a total of 496 households ranging from 84 to 114㎡ exclusive area. The housing types are 84㎡A with 127 households, 84㎡B with 203 households, 114㎡A with 115 households, and 114㎡B with 51 households.

This complex offers a deferred interest payment system for the 40% limit on interim payment loans. It is being sold simultaneously with the large commercial facility ‘Acloud Gamil.’ The resale restriction period is 8 years.

The announcement of winners is scheduled for the 13th. Since it does not overlap with the three designated blocks in Gwacheon (from the 10th to the 12th), where a large number of subscription demands have recently gathered, overlapping subscriptions are possible.

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