Gyeryong Group KR Industry 'Elif Icheon High City' 406 Households for Sale

Gyeryong Group KR Industry announced on the 20th that it will begin the full-scale supply schedule for the public-supported private rental apartment "Elif Icheon High City."

'Eliph Icheon High City' bird's-eye view / Image provided by Gyeryong Group

Elif Icheon High City will be built at 696-7 Amiri, Bubal-eup, Icheon-si, Gyeonggi Province, consisting of 6 buildings from basement level 1 to ground level 17, with a total of 406 households ranging from 44 to 84㎡ in exclusive area. There will be 82 special supply units (for youth) and 324 general supply units.

Applications will be accepted through the Korea Real Estate Board's subscription homepage from the 25th to the 26th. The announcement of successful applicants will be on the 31st of this month, and document submission will take place from November 1 to 8. The contract period is from November 10 to 13. Move-in is scheduled for February 2024.

As a public-supported private rental apartment, anyone aged 19 or older who is a non-homeowner or a member of a non-homeowner household can apply without a subscription savings account. There are no restrictions on re-winning the subscription, and there are no tax burdens related to home ownership such as acquisition tax, property tax, or comprehensive real estate tax.

Most importantly, the rental period can be up to 10 years, with contracts renewable every 2 years. The initial rent is set at 85-95% of the surrounding market price, and the increase rate is limited to within 5% per year. The Housing and Urban Guarantee Corporation (HUG) guarantees the rental deposit.

Various companies are located around the complex. SK Hynix is right next door, and various manufacturing clusters such as Doosan Infracore Icheon Plant, OB Beer, and Hite Jinro are nearby.

Regarding transportation, Icheon IC, which provides access to the Yeongdong Expressway, is located nearby, and it is convenient to move to various parts of the metropolitan area via Gyeongchung-daero and Seongnam-Icheon Road. The Bubal Station near the complex operates the Jungbu Inland Line KTX, and using the Gyeonggang Line, one can quickly travel to Seoul via Pangyo.

The living infrastructure around the complex includes Hanaro Mart, E-Mart, Lotte Mart, and Lotte Outlet. To the north, the Bubal Station area development project is underway. It aims to create residential and commercial facilities capable of accommodating 3,959 households (about 9,800 people) on a 524,000㎡ site in the Shinha and Sanchon-ri areas around Bubal Station. Additionally, an on-site daycare center and an elementary school shuttle bus will be operated.

Customized residential services for residents and various community facilities will also be established. Services such as in-house cleaning service (planned) and youth shared office support (planned) will be provided, and spaces for various leisure activities such as a fitness center, GX room, and golf practice range will be prepared. Childcare convenience facilities such as a Moms Cafe and Kids Cafe will also be built within the community center.

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