Record-high Competition Rate for 'Gumi Prugio Central Park' Official Contract Signing Underway

by Kim Dongpyo

Published 30 Aug.2021 10:36(KST)

Updated 29 Sep.2021 15:34(KST)

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1st Priority Average Competition Rate 20 to 1... Gumi City Second Highest Ever

'Gumi Prugio Central Park' Perspective View

Daewoo E&C announced on the 30th that it will hold the official contract signing for 'Gumi Prugio Central Park,' supplied in Gumi City, Gyeongsangbuk-do, for a total of 6 days from August 30 to September 4.

Gumi Prugio Central Park is an apartment complex to be built on San 44-12, Wonho-ri, Goa-eup, Gumi City, within the Wonho District Urban Development Project Area. It consists of 9 buildings ranging from 3 basement floors to 24 above-ground floors, with a total of 819 units: △727 units with a net area of 84㎡ △92 units with a net area of 98㎡.

The complex recorded an average competition rate of 19.79 to 1 in the first priority subscription, which is the second highest record among Gumi City’s pre-sale complexes.

The average sale price is set at around 380 million KRW for the 84㎡ units and around 490 million KRW for the 98㎡ units. As it is a non-regulated area, there are no restrictions on loans or resale. Additionally, the existing acquisition tax rate (1~3%) applies for up to two houses.

A fixed contract deposit of 10 million KRW for the first payment and interest-free benefits on interim payments are provided, and balcony expansion costs are offered free of charge for all units. After full payment of the contract deposit (10% of the total supply price), resale of the pre-sale rights is also possible.

During the official contract period, visitors can view the model house after making a reservation on the website. Visits outside the reserved date and time are not allowed.

Also, to prevent the spread of COVID-19, up to two people including the winner (prospective resident) can make a reservation to visit the model house, and minors are restricted from entering for the safety of young children.