'Gwanggyo Lotto' Hillstate Gwanggyo Jungang Station First attracts over 30,000 applicants for 1st priority

Hillstate Gwanggyo Jungang Station First Perspective Rendering

[Asia Economy Reporter Tae-min Ryu] More than 30,000 people flocked to the first-priority subscription for 'Hillstate Gwanggyo Jungang Station First,' known as the last lottery subscription complex in Suwon Gwanggyo New Town. Despite the inability to get interim payment loans, the subscription fever was reaffirmed with a triple-digit competition rate.

According to the Korea Real Estate Agency's subscription website on the 15th, Hillstate Gwanggyo Jungang Station First received 34,537 applications for 151 units in the general supply first-priority subscription held the previous day. The average competition rate was 228.72 to 1.

The most competitive housing type was the exclusive 60㎡ A type. With 14 units available, 3,859 people applied, resulting in an average competition rate of 275.64 to 1. Other housing types also exceeded an average competition rate of 200 to 1, including ▲exclusive 60㎡ B (251.36 to 1), ▲exclusive 84㎡ (225.93 to 1), and ▲exclusive 69㎡ (200.73 to 1).

The housing type with the highest number of applicants was the exclusive 84㎡, known as the 'national standard size.' With 104 units available, 23,497 applicants, accounting for about 68% of the total applicants, competed at an average rate of 225.9 to 1.

Hillstate Gwanggyo Jungang Station First is considered the last lottery subscription offered in Suwon Gwanggyo New Town. In the special supply subscription held the previous day (50 units), 8,894 people applied.

The complex is located in Block C6 of the Gwanggyo Residential Development District, Iui-dong, Yeongtong-gu, Suwon-si, Gyeonggi Province. It consists of 4 buildings from 7 basement floors to 20 above-ground floors, with exclusive areas ranging from 60 to 84㎡, totaling 211 units. The sale price for the exclusive 84㎡ units is in the high 900 million KRW range, about half the recent actual transaction price (1.8 billion KRW) of the nearby 'Gwanggyo Joongheung S Class' exclusive 84㎡ units.

However, since interim payment loans are not available for the entire supply, prospective applicants seem to be facing deeper concerns. Previously, the developer announced in the resident recruitment notice that interim payment loans would not be allowed for the entire supply. This contrasts with the usual practice where loans from commercial banks can be obtained through the contractor's arrangement for units priced below the interim payment loan limit of 900 million KRW.

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