LH, New:Home 3035 Pre-Subscription Application Open

Korea Land and Housing Corporation (LH) announced that applications for the New:Home pre-subscription will begin on the 16th.

New:Home is divided into three types according to the housing type (Nanum-type, Select-type, General-type), and the Select-type will be supplied for the first time in this pre-subscription.

The targets for this subscription are as follows: for the Select-type, ▲Guri Galmae Station Area 285 units ▲Namyangju Jinjeop 2 287 units ▲Gunpo Daeyami 346 units; for the Nanum-type, ▲Hanam Gyosan 452 units and ▲Ansan Jangsang 440 units; and for the General-type, ▲Incheon Gyeyang 614 units, ▲Guri Galmae Station Area 230 units, and ▲Namyangju Jinjeop 2 381 units.

Korea Land and Housing Corporation (LH) announced that pre-application for New:Home pre-sale will begin on the 16th. The photo shows the LH Goyang Project Headquarters Public Relations Center in Goyang-si, Gyeonggi-do. [Image source=Yonhap News]

The estimated sale prices for Nanum-type and General-type are in the range of 200 million to 400 million KRW for exclusive areas under 60㎡, and around 400 million to 500 million KRW for 69 to 84㎡. The estimated rent for Select-type under 60㎡ is about 500,000 to 600,000 KRW per month.

Eligibility requires applicants to be members of a household without home ownership residing in Seoul, Gyeonggi, or Incheon as of the pre-subscription announcement date (for youth special supply, applicants must be without home ownership), and they must be subscribers to housing subscription savings (either comprehensive housing subscription savings or subscription savings).

Applicants must also meet income and asset requirements, which vary depending on the housing type, so it is essential to check the individual recruitment announcement carefully.

The Nanum-type (profit-sharing type) is supplied at a lower sale price compared to the General-type, allows repurchase by the project operator (LH) after the mandatory residence period, and 70% of the disposal profit or loss upon repurchase is attributed to the beneficiary.

80% of the total units are supplied through special supply, divided into youth (15%), newlyweds (40%), and first-time homebuyers (25%) categories. The remaining 20% are supplied through general supply.

The General-type is the same as the existing public sale, with 70% of the total units supplied through special supply. Eligible categories for application include newlyweds (20%), first-time homebuyers (20%), multi-child families (10%), elderly parent support (5%), and institution recommendation (15%), with the remaining 30% supplied through general supply.

The Select-type is housing where residents can choose whether to purchase after a 6-year priority rental period. 90% of the total units are supplied through special supply. Eligible categories include youth (15%), newlyweds (25%), first-time homebuyers (20%), multi-child families (10%), elderly parent support (5%), and institution recommendation (15%), with the remaining 10% supplied through general supply.

For Nanum-type, General-type, and Select-type, general supply is prioritized for first-rank subscribers of housing subscription savings (those who have been subscribed for over one year and have paid monthly installments at least 12 times on the agreed payment date).

Additionally, 20% of the units allocated for general supply are distributed by lottery. Applicants who meet the requirements of being members of a household without home ownership, subscription savings membership, and residency in the relevant area can apply.

The application periods are ▲special supply (16th?17th) ▲general supply (18th?19th), and the winners will be announced sequentially: General-type on November 3, Nanum-type on November 8, and Select-type on November 10.

Online application is the principle, but for elderly applicants aged 65 or older and persons with disabilities who have difficulty using the internet, on-site application centers can be utilized.

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