'National Subscription' Sejong Ja-i The City, First Priority Subscription on the 28th

A bird's-eye view of Sejong Xi The City. (Provided by GS Construction)

[Asia Economy Reporter Kim Hyemin] GS Construction announced on the 26th that 'Sejong Xi The City,' unveiled in Sejong City, will hold its first-priority subscription on the 28th.

The complex, formed by a consortium of GS Construction, Taeyoung Construction, and Hanshin Engineering & Construction, will be located in Block L1 of the 6-3 Living Zone in Sejong Administrative City. It will consist of 24 buildings ranging from 2 basement floors to 25 above-ground floors, totaling 1,350 households. There are 44 different housing types, broadening consumer choices.

This complex is notable for allowing nationwide subscription applications. 50% of the general supply units are allocated to those who have continuously resided in Sejong City for over a year, while the remaining 50% can be applied for from anywhere nationwide.

Another point of interest is the large number of units allocated by lottery. Of the total 1,350 households, about 89%, or 1,200 units, are for exclusive use areas over 85㎡, which are eligible for lottery. Excluding special supply units, approximately 500 units, which is 50% of the remaining supply, will be allocated through a lottery system. This provides opportunities for low-score applicants and one-house owners who can apply under the condition of disposing of their existing homes.

A sales official stated, "The fact that nationwide subscription is possible and the unprecedented number of lottery units in Sejong City have led to high interest among prospective applicants."

Near the complex is the Haemilli stop of the Bus Rapid Transit (BRT). Accessibility is excellent both inside and outside Sejong City due to the nearby Sejong-ro, an outer ring road, and Hannuri-daero, which crosses the Sejong Administrative City. There are kindergartens and elementary schools right in front of the complex, with middle and high schools planned nearby.

Sejong Xi The City will begin special supply on the 27th, followed by first-priority subscription applications on the 28th. Winners will be announced on the 4th of next month, and official contracts will be signed from the 16th to the 22nd of the same month. Move-in is scheduled for July 2024.

A GS Construction official said, "As the first supply complex after the abolition of the special supply system for relocated institutions in Sejong City, there is high social interest as well as demand. Since there is nationwide interest, we will make it a Xi apartment that can enjoy premium status as a future landmark."

The model house can be visited by reservation only for winners after the subscription results are announced.

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