"Special Sale Starts Today"... Eyes on Seoul's Last 'Lotto Housing' of the Year

[Asia Economy Reporter Yuri Kim] Attention is focused on applicants waiting to apply for 'Hillstate Lishville Gangil,' considered the last 'lottery sale' in Seoul this year.

According to the Korea Real Estate Board's subscription website on the 28th, Hillstate Lishville Gangil will start special supply on this day, followed by the first priority general supply on the 29th. Located in Block 5 of the Godeok Gangil Public Housing District in Gangdong-gu, this complex consists of 7 buildings ranging from 2 basement floors to 27 above-ground floors, with 809 households of 84㎡ and 101㎡ (exclusive area).

Hillstate Lishville Gangil is characterized by a variety of floor levels and housing types by building and area. It is designed with a total of 15 types: 11 types of 84㎡ and 4 types of 101㎡. The floors also vary from 6 to 27. Therefore, experts advise that buyers carefully consider the characteristics of each type, building, floor, and orientation.

The Godeok Gangil Public Housing District, where the complex is located, is a public housing site subject to the price ceiling system. The sale price for 84㎡ units ranges from 698.3 million to 795.2 million KRW, which is about 200 million KRW cheaper than the actual transaction price (945 million KRW) of the same-sized units in Gangil River Park 2 Complex in Gangil-dong, which was occupied in 2009. The 101㎡ units are priced between 830 million and 899.9 million KRW, not exceeding 900 million KRW.

The number of units available through special supply on this day is 351. Newlywed special supply accounts for the largest portion with 111 units. The first-time homebuyer special supply also reaches 82 units, so it is important to first check whether you meet the special supply conditions. The first-time homebuyer special supply is for household heads without a home who are married or have children. Income must be 130% or less of the previous year's average monthly income of urban worker households.

Fifty percent of the total supply is allocated to residents of the relevant area (Seoul), and 50% to residents of the metropolitan area (Gyeonggi, Incheon), allowing metropolitan area residents to apply in the first priority subscription. The general supply consists of 458 units. Among the 216 units of 101㎡ available through general supply, 50% are allocated by lottery, making it worthwhile for low-score applicants and those looking to trade up from one home to try their chances.

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