‘Half-Price Apartments’ Godeok Gangil 3 Complex, 590 Units Open for 2nd Pre-Reservation

Seoul Housing and Communities Corporation (SH Corporation) announced on the 12th that it will accept the second round of pre-reservations for Godok Gangil Complex 3 in Gangdong-gu, Seoul. Following the tenant recruitment announcement at 4 p.m. on the 13th, reservation applications will be accepted from the 26th to the 29th of this month.

Perspective view of Godeok Gangil 3 Complex
Photo by SH Corporation

This complex consists of land leasehold sale housing, known as "half-price apartments." In this housing type, the public owns the land, while the ownership of buildings and other structures is acquired by the individual who purchases the unit. Residents can live for 40 years and extend their stay up to a maximum of 80 years through contract renewal.

The supply this time includes a total of 590 units with an exclusive area of 49㎡. Among them, 471 units are specially supplied to youth, newlyweds, and first-time homebuyers. The estimated sale price at the main subscription stage is about 314 million KRW, and the monthly land lease fee is 350,000 KRW.

Applicants must be members of a household without a home residing in Seoul, Gyeonggi, or Incheon as of the tenant recruitment announcement date and must be subscribers to the tenant savings plan. Detailed information such as asset and income criteria can be found in the announcement document.

The application period is from the 26th to the 27th of this month for special supply and from the 28th to the 29th for general supply. The announcement of successful applicants is scheduled for the 12th of next month. Post-sale applies to Godok Gangil Complex 3, meaning the process occurs when 90% of construction is completed. Successful applicants can actually inspect the house and decide whether to sign the contract, and there are no disadvantages such as subscription restrictions if they decline.

Kim Heon-dong, president of SH Corporation, said, "In the second half of the year, we will continue to supply land leasehold sale housing in Magok and areas south of the Han River to contribute to the housing stability of the ten million citizens of Seoul."

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