LH to Supply 71 Residential-Only Detached Housing Lots in Yangju Goeup

Land area per lot 218㎡~341㎡, expected supply price around KRW 3.72 million per 3.3㎡
September 6 (application, lottery, and winner announcement), September 13-17 (contract signing)
Access to Jamsil and Gangnam within 40 minutes to 1 hour, pleasant residential environment near Nari Park and others

Location map of the supplied land.

[Asia Economy Reporter Kangwook Cho] Korea Land and Housing Corporation (LH) announced on the 25th that it will supply 71 residential-only detached house lots (18,738㎡) in the Yangju Goeup District, Gyeonggi Province, through a lottery system.

'Residential-only detached house lots' differ from 'detached house lots with attached stores' in that neighborhood living facilities cannot be constructed, and only detached houses as defined in Article 1(a) of the Enforcement Decree of the Building Act can be built on these lots.

The lot sizes for the residential-only detached house lots range from 218㎡ to 341㎡, with the expected supply price between 240 million and 380 million KRW, approximately 3.72 million KRW per 3.3㎡. Building restrictions include a building coverage ratio of 50% and a floor area ratio of 100%, allowing construction up to two stories.

Applicants must be general end-users aged 19 or older as of the announcement date (August 25, 2021), and can apply for only one lot per person through the LH subscription center. The application deposit is 10 million KRW per lot, with a three-year interest-free installment payment plan. Land use is permitted immediately after full payment.

The supply schedule is as follows: △ Application submission (September 6, 10:00 AM to 4:00 PM) △ Computerized lottery draw (September 6, 5:00 PM) △ Announcement of winners (September 6, 6:00 PM), and the contract signing for winners will take place from September 13 to 17.

The Yangju Goeup District (149,000㎡) is a residential development area planned for a population of 25,000. It boasts excellent natural scenery including the Cheonbosan mountain range and natural streams. Construction of the Yangju Okjeong Station on Subway Line 7, located north of the district, began at the end of 2019 and is scheduled to open in 2025. Additionally, using the Guri-Pocheon Expressway, National Road No. 3 bypass, and the Metropolitan Area 2nd Ring Expressway, it is possible to reach Jamsil in 40 minutes and Gangnam within an hour.

In particular, the residential-only detached house lots being supplied this time are adjacent to Nari Park, famous for the Celosia Festival, and Tori Neighborhood Park. They are also within walking distance of active central and neighborhood commercial areas, offering a convenient yet pleasant living environment.

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