Competition Rate of 4.3 to 1 for 5th Preliminary Subscription of 1,840 Households Including Incheon Gyeyang

[Asia Economy Reporter Kangwook Cho] The average competition rate for the 5th pre-sale conducted in mid-month for four locations including Incheon Gyeyang was recorded at 4.3 to 1.

Korea Land and Housing Corporation (LH) announced on the 31st that from the 16th to the 23rd of this month, the 5th pre-sale for 1,840 households in four districts including Incheon Gyeyang was conducted, with a total of 7,939 applicants, resulting in an average competition rate of 4.3 to 1.

Korea Land and Housing Corporation (LH) stated on the 31st that the competition rate for the 5th pre-sale conducted in mid-month for four districts including Incheon Gyeyang was recorded at an average of 4.3 to 1.

By district, the competition rates were ▶Incheon Gyeyang 6.1 to 1 ▶Namyangju Wangsuk 3.8 to 1 ▶Namyangju Wangsuk2 6.8 to 1 ▶Incheon Gajeong2 1.4 to 1 (applications from the local area).

For priority supply, winners were selected by lottery at a score of 9 points for all four districts: ‘Incheon Gyeyang’, ‘Incheon Gajeong2’, ‘Namyangju Wangsuk’, and ‘Namyangju Wangsuk2’. For the remaining supply, winners were selected by lottery at 9 points for ‘Incheon Gyeyang’, 7 points for ‘Incheon Gajeong2’, 8 to 11 points for ‘Namyangju Wangsuk’, and 9 points for ‘Namyangju Wangsuk2’.

The winning scores were based on the metropolitan area standard. For Incheon Gajeong2, which had no metropolitan area applicants, the local area standard was applied.

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