6th Public Pre-Subscription for Public Housing, Applications Open from the 11th... 1,316 Units in Incheon Yeongjong, Pyeongtaek Godeok, and More

Public Sale Housing: 589 Units in Incheon Yeongjong, 727 Units in Pyeongtaek Godeok
Special Supply Nov 11-12, General Supply Nov 13-15, Winner Announcement Nov 28

[Image source=Yonhap News]

[Asia Economy Reporter Kangwook Cho] Korea Land and Housing Corporation (LH) announced on the 6th that subscription applications for the 6th public pre-sale will begin on the 11th.

This subscription will supply 1,316 public sale housing units, which had a high competition rate last year. Specifically, △Incheon Yeongjong (A24 Block) 589 units △Pyeongtaek Godeok (A26 Block) 727 units. Notably, Pyeongtaek Godeok district will conduct subscription applications for the first time targeting residents nationwide in the public pre-sale.

The estimated sale price is around 300 million KRW, calculated at 60-80% of the surrounding market price. The estimated sale price per 3.3㎡ is about 10.05 million KRW for Incheon Yeongjong and about 14.10 million KRW for Pyeongtaek Godeok.

Eligibility requires being a member of a household without home ownership residing in the relevant area as of the pre-sale resident recruitment announcement date (March 29, 2022), and being a subscriber to the resident savings plan. Some categories also require meeting income and asset criteria.

In Incheon Yeongjong, 50% of the total units will be preferentially supplied to residents of Incheon Metropolitan City, and the remaining 50% will be supplied to residents of Gyeonggi Province and Seoul Special City. Pyeongtaek Godeok is the first nationwide subscription complex in the public pre-sale. 30% of the total units will be preferentially supplied to residents who have lived in Pyeongtaek City for more than one year, and 20% will be supplied to residents who have lived in Gyeonggi Province for more than six months. In this case, the residency period must be met by the official resident recruitment announcement date for the main subscription. The remaining 50% will be supplied to residents nationwide.

15% of the total units in both locations will be supplied under the general supply category, and 85% under the special supply category. For general supply, since the supply areas are overheated subscription areas, priority is given to those who meet the first priority requirements. First priority applies to household heads who have subscribed to the resident savings plan for over two years, have made more than 24 payments, and whose entire household members have no history of winning other housing within the past five years.

Special supply is divided into detailed categories such as newlyweds (30%), first-time homebuyers (25%), multi-child families (10%), and elderly parent support (5%). For the newlywed special supply, applicants can be △newlyweds married within seven years △prospective newlyweds △single-parent families with children under six years old. They must have subscribed to the resident savings plan for over six months and made more than six payments, and meet income and asset ownership criteria. First-time homebuyers can apply under the first-time special supply; families with three or more children under 19 years old can apply under the multi-child special supply; and those who have continuously supported direct ascendants aged 65 or older for more than three years can apply under the elderly parent support special supply. In all cases, applicants must meet the resident savings plan, income, and asset ownership criteria according to the category.

Subscription applications will be accepted from the 11th to the 15th. Special supply applications will be accepted on the 11th and 12th, first priority general supply applications on the 13th and 14th, and second priority applications on the 15th. Winners will be announced on the 28th. Applicants can only apply for one among public and private pre-sale housing with the same winner announcement date, and those selected as winners in public or private pre-sale cannot be selected again as pre-sale winners.

The Incheon Yeongjong district is a hinterland city of Incheon International Airport, adjacent to the airport with excellent air and land transportation connectivity. It has outstanding accessibility to inland urban centers such as the Free Economic Zones (Cheongna, Songdo) via Yeongjong Bridge and Incheon Bridge, and convenient access to Seoul and the metropolitan area through the Incheon International Airport Expressway and Airport Railroad. Upon completion of the third connecting bridge currently under construction, a commuting zone of about 30 minutes between Yeongjong and Yeouido will be established, further improving accessibility to Seoul. The A24 Block (589 units) to be supplied this time will have prestigious high schools such as Incheon Science High School, International High School, and Haneul High School nearby. It will be constructed with highly preferred exclusive areas of 74㎡ and 84㎡, featuring all types with 4-BAY layouts and south-facing orientation.

The Pyeongtaek Godeok district is being developed as an international city where domestic and foreign residents can interact and live together. Excellent semiconductor companies are located in nearby industrial complexes, providing abundant demand. It has excellent transportation conditions with proximity to SRT Jije Station, Pyeongtaek-Hwaseong Expressway, Gyeongbu Line railroad, Pyeongtaek Port, and Seoul Metropolitan Subway Line 1. Additionally, international educational institutions are being attracted to the Edu Town, providing international-level educational infrastructure, and the district forms a complex self-sufficient city base harmonizing industrial complexes, shopping, distribution, leisure, research, and international exchange zones. The A26 Block (727 units) to be supplied this time is planned with exclusive areas under 60㎡ (51㎡, 59㎡), with all units south-facing and featuring deck floors utilizing the land's elevation differences.

Meanwhile, the first pre-sale of this year (Newlywed Hope Town) targeting newlyweds was conducted on February 28, recording an average subscription rate of 4.3 to 1 and closing applications. Also, the pre-sale website has accumulated 28.5 million visitors, and inquiries to the pre-sale call center average about 2,000 per day this year, showing sustained high interest in the pre-sale.

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