DL E&C 'ePyeonhanSesang Dongtan Park Honors' 2nd Round Subscription Competition Rate Up to 22 to 1

Location Adjacent to Namsa-myeon, Yongin-si
Average Sale Price per 3.3㎡ is 15.96 Million KRW
Balcony Expansion Provided Free of Charge

The second round of applications for ‘e-Pyeonhansesang Dongtan Park Honors,’ supplied in Block A56 of Dongtan 2 Housing Development District, Sindong, Hwaseong-si, Gyeonggi-do, recorded a highest competition rate of 22.33 to 1 in the first and second priority subscriptions.

Perspective view of 'e-Pyeonhansesang Dongtan Park Honors'. (Provided by DL E&C)

According to the Korea Real Estate Board’s Subscription Home on the 3rd, the first and second priority subscription results for the second round of e-Pyeonhansesang Dongtan Park Honors, held over two days on the 27th and 28th of last month, showed a total of 1,500 applicants for 351 households excluding special supply, resulting in an average competition rate of 4.27 to 1. The highest competition rate of 22.33 to 1 was recorded for the exclusive area 99㎡F unit.

This complex is being developed with 13 buildings ranging from 2 basement floors to 12 above-ground floors, totaling 800 households. It is geographically adjacent to Namsa-myeon, Yongin-si, where the world’s largest system semiconductor cluster is being established, offering a location close to both residence and workplace.

Reasonable sale conditions that reduce the burden on buyers also attracted applicants to use their subscription savings accounts. e-Pyeonhansesang Dongtan Park Honors applied the price ceiling system, setting the average sale price per 3.3㎡ at 15.96 million KRW for the second round. Accordingly, the sale price for the 99㎡ exclusive area ranges from approximately 580.06 million to 621.55 million KRW. In comparison, the adjacent Mokdong A complex currently has actual transaction prices for 84㎡ units at around 700 million to 760 million KRW.

The basic provided items were also broadly applied, reducing the cost burden for contract holders. Design panels are provided as standard on some corridor walls, and some unit types have design walls installed as standard on the walls extending from the living room to the kitchen. Additionally, basic provisions include hardwood flooring, entrance pantry system shelves, bedroom dressing room system shelves, balcony hand-washing lower cabinets, refrigerator cabinets, bathroom lock panels, and separate bidets in the bathroom.

DL E&C decided to offer free balcony expansions only to winners of the second round subscription contracts. In particular, the contract conditions were finalized with a 10% down payment (a fixed amount of 10 million KRW for the first round), 10% interim payment, and 80% balance payment, reducing the interest burden from interim payment loans.

A sales representative for e-Pyeonhansesang Dongtan Park Honors stated, "In the second round, providing reasonable sale benefits that reduce the burden on buyers, such as free balcony expansions only for subscription winners, seems to have been the driving force behind the increased subscription rate."

The announcement of winners will be on the 4th, and the official contract period is from the 17th to the 19th.

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