'Medium to Large' Uiwang Gocheon and Incheon Geomdan Pre-Subscription Start

Reception for 4th Private and 5th Public Pre-Subscription of 6,127 Households Starts Today
Note: Winning Private Pre-Subscription Disqualifies Applying for Other Housing Subscriptions

[Asia Economy Reporter Kangwook Cho] The 4th round of private pre-subscription, which began on the 10th, mainly focuses on 2nd generation new towns such as Incheon Geomdan and Asan Tangjeong. The 5th round of public pre-subscription, centered on 3rd generation new towns like Namyangju Wangsuk and Incheon Gyeyang, will start accepting applications from the 16th. The total supply through this round is 6,127 households. The private pre-subscription, composed entirely of medium to large-sized units with exclusive areas of 84㎡ or more, is expected to attract demand in Uiwang Gocheon and Incheon Geomdan, both located in the metropolitan area. The public pre-subscription includes highly preferred areas such as Namyangju Wangsuk and Wangsuk2.

According to the Ministry of Land, Infrastructure and Transport, applications for the 4th round of private pre-subscription will be accepted from today until the 16th for 4,287 households across six districts. By district, the supply is as follows: ▲Incheon Geomdan 815 households (Hoban Summit) ▲Uiwang Gocheon 810 households (Jeil Punggyeongchae) ▲Asan Tangjeong 368 households (Daekwang Rosebiang) ▲Busan Jangan 410 households (Daekwang Dietre) ▲Ulsan Daun2 1,293 households (Woomi Lin) ▲Namcheongju Hyundo 591 households (Hoban Summit). Among these, Incheon Geomdan and Asan Tangjeong are 2nd generation new towns.

The estimated sale prices for this private pre-subscription, based on an exclusive area of 84㎡, are approximately 460.52 million KRW (13.68 million KRW per pyeong) for Incheon Geomdan, 634.88 million KRW (19.10 million KRW per pyeong) for Uiwang Gocheon, 366.47 million KRW (10.95 million KRW per pyeong) for Asan Tangjeong, 480.38 million KRW (13.33 million KRW per pyeong) for Busan Jangan, 405.0 million KRW (11.81 million KRW per pyeong) for Ulsan Daun2, and 333.27 million KRW (9.78 million KRW per pyeong) for Namcheongju Hyundo.

In the case of Incheon Geomdan, a large-scale land development district and a speculative overheating zone, 50% of the supply is preferentially allocated to residents who have lived in Incheon for more than two years as of the pre-subscription announcement date on the 28th of last month. The remaining 50% is supplied to residents who have lived in Incheon for less than two years, as well as residents of Gyeonggi Province and Seoul. Since only 84㎡ and 97㎡ units are supplied, there are no housing types available for single-person households to apply under the special first-time homebuyer category. The Uiwang Gocheon district is appearing for the first time in this pre-subscription.

The 5th round of public pre-subscription will accept applications from local residents from the 16th to the 18th, and from metropolitan area residents from the 21st to the 23rd. The supply includes 582 households in Namyangju Wangsuk, 483 households in Wangsuk2, 284 households in Incheon Gyeyang, and 491 households in Incheon Gajeong2, totaling 1,840 households. All units are part of the Newlywed Hope Town with an exclusive area of 55㎡. The estimated sale prices are around 300 to 400 million KRW: 376.65 million KRW for Namyangju Wangsuk, 401.97 million KRW for Namyangju Wangsuk2, 339.22 million KRW for Incheon Gyeyang, and 339.07 million KRW for Incheon Gajeong2. According to the Ministry of Land, these prices are 60-80% lower than the surrounding market prices. Among these, Incheon Gajeong2 is being supplied for the first time through pre-subscription.

Experts advise that for public pre-subscription, winners can still apply for other general subscriptions before the main subscription, but if one wins a private pre-subscription, applying for other housing subscriptions is not allowed. Also, in the case of private pre-subscription, if the announcement dates for winners differ, it is possible to apply for overlapping subscriptions including public pre-subscription or general subscription. On the other hand, public pre-subscription announces winners on the same day for regions within the same round. In this 5th round of public pre-subscription, since Incheon Gyeyang and Incheon Gajeong2 announce winners on the same day, overlapping applications are not allowed.

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