Last Pre-Subscription of the Year... Seoul Daebang 720 Million KRW, Goyang Changneung 670 Million KRW

13,000 Public Housing Units, 3,300 Private Housing Units Supplied
Including 3rd Phase New Towns like Goyang Changneung and Seoul Daebang

A total of 17,000 housing units will be supplied as the last pre-sale quota this year in public land in the metropolitan area, including the 3rd New Towns. The supply includes units in well-located 3rd New Towns such as Goyang Changneung and Bucheon Daejang, and for the first time, some supply in Seoul will be available through pre-sale, which is expected to attract strong interest from actual demanders.

On the 29th, the Ministry of Land, Infrastructure and Transport announced on the 28th that it will issue a resident recruitment announcement for 13,600 public pre-sale units and 3,300 private pre-sale units and begin the full-scale subscription schedule. Pre-sale is a system that advances the supply timing of sale housing supplied on public land by 2 to 3 years, with plans to supply 64,000 public units and 107,000 private units by 2024.

Public pre-sale will be implemented mainly in key metropolitan area locations such as Bucheon Daejang, Goyang Changneung in the 3rd New Towns, Guri Galmae Station area, and Ansan Jangsang.

In the Goyang Changneung district, among the total supply of about 37,000 units, 1,125 public pre-sale units (S5 and S6 blocks) and 572 newlywed hope town units (A4 block) will be supplied through pre-sale. This includes 279 medium-sized units with exclusive areas of 74 and 84㎡. Changneung New Town is adjacent to Seoul’s Eunpyeong and Gangseo districts, offering excellent location and convenient transportation, and is being developed as a hub city in the northwest metropolitan area.

In the Bucheon Daejang district, a total of 19,000 housing units will be supplied, of which 821 public pre-sale units (A7 and A8 blocks) and 1,042 newlywed hope town units (A5 and A6 blocks) will be supplied through pre-sale. This area is adjacent to Incheon Gyeyang and Seoul Magok districts, establishing itself as a major living area in the western metropolitan area and is expected to significantly contribute to the creation of quality jobs based on the Gyeongin industrial belt.

Besides the 3rd New Towns, supply will also come from Guri Galmae Station area (1,125 units), Ansan Jangsang (922 units), Seoul Daebang (115 units), and Seongnam Geumto (727 units). In Seoul, the originally planned supply site at the Subangsa site in Dongjak-gu was replaced with the Seoul Daebang site due to consultations with related agencies and approval procedures.

Public sale housing supplied on public land is subject to a price ceiling system, and is sold at about 60-80% of the surrounding market price. Most areas such as Namyangju Wangsuk, Bucheon Daejang, Incheon Gyeyang, and Seongnam Geumto have estimated prices in the 300 million to 500 million KRW range, Goyang Changneung is estimated at 400 million to 600 million KRW, and Seoul Daebang is estimated at around 700 million KRW.

From January 10 to 14 next year, subscription applications for special supply will be accepted over five days; on the 17th and 18th, applications from first-priority general supply residents of the relevant area will be accepted; from the 19th to 21st, applications from residents of Gyeonggi Province and the metropolitan area will be accepted. Applications for second-priority general supply will be accepted collectively on the 24th. For newlywed hope towns, applications from residents of the relevant area will be accepted during the special supply period for public sale housing, and thereafter, applications from metropolitan area residents will be accepted until the 21st. Pre-sale winners will be announced on February 17 next year regardless of subscription type.

View of apartment complexes in Eunpyeong-gu and Seodaemun-gu from Mapo-gu, Seoul. [Image source=Yonhap News]

The 2nd private pre-sale will supply a total of about 3,300 units in Incheon Geomdan and Pyeongtaek Godeok districts, with participation from four companies: Jungheung (Jungheung S-Class), Jeil (Jeil Punggyeongchae), Hoban (Hoban Summit), and Daebang (Daebang Dietre). Most of the supply (94%) consists of units with exclusive areas of 84㎡ or more, preferred by demanders, and 709 units (21%) are large units exceeding 100㎡.

Estimated sale prices for Incheon Geomdan range from 300 million to 700 million KRW by unit size (about 13 million KRW per pyeong), and for Pyeongtaek Godeok from 400 million to 600 million KRW (about 14 million KRW per pyeong). These prices are more than 20% cheaper than nearby market prices.

Private pre-sale is for private housing supplied on public land, with 37% of the total supply allocated to general supply and the remaining 63% allocated to special supply for newlyweds (20%), first-time homebuyers (20%), and multi-child families (10%). The proportion of general supply is higher than in public pre-sale.

About 680 units, accounting for 21% of the total supply, will be supplied by lottery, providing opportunities for the 20s and 30s age group with low points. In particular, 30% (302 units) of the special supply for first-time homebuyers and newlyweds will also be supplied by lottery, so single-person households, dual-income households exceeding income criteria, and newlywed couples without children can also aim to win.

Applications for special and general supply will be accepted from January 10 to 12 next year, and after the announcement of winners from January 18 to 20 and qualification verification, the final confirmation will be made.

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