July 15th First Pre-Subscription for 3rd Phase New Towns... Total of 4,333 Housing Units Confirmed

LH Holds Second Pre-Subscription Preparation Status Meeting on the 17th
President Kim Hyun-jun: "We Will Proceed with Pre-Subscription Without Any Issues Through Thorough Preparation"

Kim Hyun-jun, President of LH, is inspecting the Incheon Gyeyang New Town site after holding a preliminary subscription inspection meeting at the LH Gyeyang Bucheon Business Headquarters on the 17th. / Provided by LH.

[Asia Economy Reporter Kangwook Cho] The first round of pre-subscription for the 3rd phase new towns will begin on the 15th of next month. A total of 4,333 households in Incheon Gyeyang, Seongnam Bokjeong, and other areas are targeted.

Korea Land and Housing Corporation (LH) announced that on the 17th, it held a pre-subscription inspection meeting at the Gyeyang-Bucheon Business Headquarters, chaired by President Kim Hyun-jun, to ensure the smooth progress of pre-subscriptions for the 3rd phase new towns starting in earnest next month.

This meeting, the second since May, reviewed the overall preparation status for pre-subscription, including supply schedules, publicity, and subscription systems, about a month before the announcement of the first pre-subscription districts.

President Kim said, "Since public interest in pre-subscription is high, we must carry out the planned schedule without delay and establish active publicity and a convenient subscription system so that no citizens miss the pre-subscription opportunity due to lack of information."

After the pre-subscription inspection meeting, the site of Incheon Gyeyang New Town, where pre-subscription will be implemented for the first time among the 3rd phase new towns, was inspected. The Incheon Gyeyang district began compensation last December, currently exceeding a 60% compensation rate, and the district plan approval will be completed this month, making it the fastest progressing project among the 3rd phase new towns.

At the Incheon Gyeyang site, President Kim urged, "Please do your best to manage the project schedule, including construction and compensation, so that the main subscription can proceed on time after the pre-subscription, and also strive to prevent accidents during future construction."

The first pre-subscription districts to be implemented on the 15th of next month include ▲Incheon Gyeyang with 1,050 households, ▲Namyangju Jinjeop 2 with 1,535 households, ▲Seongnam Bokjeong 1 with 1,026 households, ▲Uiwang Cheonggye 2 with 304 households, and ▲Wirye with 418 households, totaling 5 districts, 11 blocks, and 4,333 households.

The Incheon Gyeyang district is a large-scale new town developed over approximately 1 million pyeong in the Gyeyang-gu area of Incheon City, with good transportation conditions such as the Airport Railroad and the Metropolitan Area 1st Ring Road. According to the 3rd phase new town specialized plan, it will be developed as a hyper-connected city by connecting the S-BRT station and surrounding areas with pedestrian-centered pathways. The pre-subscription targets are 709 public sale units under 85㎡ in blocks A2 and A3, and 341 newlywed hope town units under 60㎡.

The Seongnam Bokjeong public housing district is located south of Wirye New Town with excellent transportation and location conditions. The pre-subscription target complexes are three blocks A-1, A-2, and A-3 located in the southern part of the district, all under 60㎡, consisting of 583 public sale units and 443 newlywed hope town units.

The Namyangju Jinjeop 2 district adjoins Namyangju Wangsuk New Town and Jinjeop district. It has good transportation conditions with National Road 47 and the Jinjeop Line scheduled to open in 2025 nearby. The pre-subscription covers four blocks: A-1, A-3, A-4, and B-1, totaling 1,535 households, the largest supply among the first pre-subscription districts. It has the advantage of sharing convenience facilities with the adjacent large-scale Namyangju Wangsuk New Town.

The Uiwang Cheonggye 2 public housing district is located in Cheonggye-dong, Uiwang City, forming an integrated living area with the previously developed Cheonggye 1 district. The pre-subscription target is block A1 on the west side of the district, with 304 households under 60㎡.

The Wirye district is a new town with optimal location conditions, and the pre-subscription target is block A2-7 with 418 households. Since the urban development is complete and infrastructure is well established, it is expected to be popular among the pre-subscription target complexes.

An LH official said, "We will do our utmost to ensure many people participate in the pre-subscription starting in July by developing the subscription system and operating call centers, and we will strive to advance the main subscription and move-in schedules as much as possible through thorough schedule management of compensation and construction."

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