LH Announces First Preliminary Subscription Winners for Incheon Gyeyang and Others... Competition Rate '21.6 to 1'

[Image source=Yonhap News]

[Asia Economy Reporter Jo Gang-wook] Korea Land and Housing Corporation (LH) announced on the 1st that the first pre-sale subscription for 4,333 households in four districts, including Incheon Gyeyang District, was conducted from July 28 to August 11, with a total of 93,798 applicants, resulting in an average competition rate of 21.6 to 1.

Specifically, for public sale (2,388 households), 67,129 people applied, showing a competition rate of 28.1 to 1, and for newlywed hope housing (1,945 households), 26,669 people applied, recording a competition rate of 13.7 to 1.

The winning threshold for subscription savings in the 'general supply' category averaged around 19.45 million KRW. The highest subscription savings deposits were 38 million KRW in Incheon Gyeyang, 28.2 million KRW in Namyangju Jinjeop 2, and 37.9 million KRW in Seongnam Bokjeong 1.

For the 'multi-child special supply,' the highest scoring winners by district were 85 points in Incheon Gyeyang, 85 points in Seongnam Bokjeong 1, and 90 points in Namyangju Jinjeop 2.

In the case of the 'newlywed special supply' priority allocation, the highest score was 13 points, and the remaining supply was decided by lottery among first-priority applicants.

For the 'elderly parent special supply,' the highest subscription savings deposits by district were 22.6 million KRW in Incheon Gyeyang, 22.7 million KRW in Namyangju Jinjeop 2, and 32.7 million KRW in Seongnam Bokjeong 1.

For the newlywed hope town priority supply, all districts had a perfect score competition of 9 points, and winners were selected by lottery. The remaining supply winners were selected by lottery at 10 points in Incheon Gyeyang, 8 to 9 points in Namyangju Jinjeop 2, 9 to 10 points in Seongnam Bokjeong 1, 10 points in Uiwang Cheonggye 2, and 11 points in Wirye.

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