'High Score Festival' Gwacheon Designated Third Complex... "Minimum 65 Points · Maximum 74 Points" View original image


[Asia Economy Reporter Kim Yuri] All three simultaneously sold complexes in Gwacheon Knowledge Information Town ended as a 'feast for high-score applicants,' with average winning scores exceeding 70 points.


According to the Korea Real Estate Agency's subscription homepage on the 12th, the lowest winning score (cutoff) for Gyeonggi Gwacheon Prugio Ortus (S1 Block·192 general sale units) was 65 points in the local area for the 74㎡ A, B, and C (exclusive area) types, respectively. Although the highest score was lower at 74 points compared to the two previously announced complexes, many winners came from 74㎡ A Other Gyeonggi·Other Areas, 84㎡ A Other Gyeonggi·Other Areas, and 84㎡ B Other Gyeonggi·Other Areas. In fact, the cutoff for 84㎡ A Other Gyeonggi·Other Areas was also 74 points. This means only those with 74 points won in these areas. Due to such fierce competition among high-score applicants, the average winning score (70.14) also exceeded 70 points.


Applicants from the local area who must have lived in Gwacheon City, Gyeonggi Province for more than two years were relatively fewer, resulting in a cutoff as low as 65 points. However, in Other Gyeonggi·Other Areas, which broaden the scope to Seoul, Incheon, and Gyeonggi, the cutoff was 69 points. A score of 69 points requires a 'perfect score family of four' with three dependents and full points for the period of no home ownership and subscription to the housing subscription savings account. This complex consists entirely of units under 85㎡ and selected winners 100% by the point system.


Gwacheon Prugio Ortus recorded an average competition rate of 534.9 to 1 with 102,693 applicants on the first priority subscription on the 3rd. Gwacheon Prugio Eoullim Lavieno (S4 Block·458 units), sold simultaneously, also had 190,409 applicants, recording an average competition rate of 415.7 to 1, and Gwacheon Lesento Desiang (S5 Block·394 units) had 185,288 applicants, recording 470.3 to 1.


In Gwacheon Prugio Eoullim Lavieno, which announced winners on the 10th, there was even a perfect score subscription (84 points). The 84 points require meeting conditions of six or more dependents (35 points), no home ownership period of over 15 years (32 points), and subscription period to the housing subscription savings account over 15 years (17 points). The highest score in Gwacheon Lesento Desiang, announced the day before, was also close to perfect at 80 points (84㎡ A Other Areas). The cutoff was also as high as 65 points (99㎡ B local area).



A total of 478,390 first-priority subscription applications were received for the three simultaneously sold complexes in Gwacheon Knowledge Information Town. These complexes are subject to the price ceiling system, with average sale prices set at 23.73 to 24.03 million KRW per 3.3㎡. Based on 84㎡ units, the price is around 800 million KRW, and many prospective applicants applied, expecting price gains of up to 1 billion KRW compared to surrounding market prices.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing