About 10,000 Apply for Special Supply of 'Dongtan Lake Park Nature & e-Pyeonhansesang'

Record High 27 to 1 for Newlywed Special Supply
Attention Focused on First Priority Subscription Results on the 24th

Gyeonggi Housing and Urban Corporation (GH) and DL E&C successfully attracted 9,972 applicants for the special supply subscription of ‘Dongtan Lake Park Jayeon & e-Pyeonhansesang,’ launched as a public sale with private participation.

‘Dongtan Lake Park Nature & e-Pyeonhansesang’ bird's-eye view. (Provided by DL E&C)

According to the Korea Real Estate Board’s subscription homepage on the 24th, the special supply for ‘Dongtan Lake Park Jayeon & e-Pyeonhansesang’ held on the 23rd received a total of 9,972 applications for 673 units, recording an average competition rate of 14.8 to 1. Despite the strict subscription conditions and the fact that the special supply can only be used once in a lifetime, nearly 10,000 people applied, indicating that the first-priority subscription is also expected to be highly competitive.

In particular, for the public sale units supplied with exclusive areas of 85㎡ or less, 181 units were allocated for newlywed couples’ special supply, which attracted 4,890 applicants, resulting in a high competition rate of 27 to 1. Following that, 3,807 applicants competed for 181 units allocated for first-time homebuyers (21 to 1), confirming strong interest from non-homeowners.

The sale price of ‘Dongtan Lake Park Jayeon & e-Pyeonhansesang’ is around 438 million to 481.2 million KRW for an exclusive area of 84㎡, and even including balcony extension fees (1.09 million to 2.54 million KRW), the total amount does not exceed 500 million KRW.

Considering that the 84㎡ units of ‘Dongtan Lake Jayeon & Prugio’ (moved in February 2020), supplied as a public sale with private participation nearby, are currently traded at around 850 million to 910 million KRW, this offers a reasonable price range for purchasing a home.

With heightened expectations from the special supply subscription, ‘Dongtan Lake Park Jayeon & e-Pyeonhansesang’ will accept first-priority applications on the same day and second-priority applications on the 25th. The announcement of successful applicants will be made on November 1. The scheduled move-in date is June 2024.

‘Dongtan Lake Park Jayeon & e-Pyeonhansesang’ will be developed with 18 buildings ranging from three basement floors to 25 above-ground floors, totaling 1,227 units. Among these, 907 units with exclusive areas of 74 and 84㎡ will be supplied as public sale units, and 320 units with exclusive areas of 95 and 115㎡ will be supplied as private sale units. This is a post-sale complex with a construction progress rate exceeding 60%.

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