Despite Seoul Transfer Issues... 'Gimpo Apartment' Fails to Close First Priority Subscription

4 Out of 6 Types Fail to Meet First Priority

Despite the Seoul incorporation issue, the apartment complex sold in Gimpo recorded poor results in the first-priority subscription. It is interpreted that the high sale price compared to the surrounding market price was a hindrance.

Perspective view of 'Gochon Central Xi'. [Image provided by GS Construction]

According to the Korea Real Estate Agency's subscription homepage on the 8th, the day before, 'Gochon Central Xi' in Gimpo-si, Gyeonggi Province, recorded an average competition rate of 1.9 to 1 with 1,989 applicants for 1,048 units in the first-priority subscription. Four out of six types were undersubscribed. Except for exclusive 63㎡ and 76㎡A, 76㎡B, 84㎡A, 84㎡B, and 105㎡ did not fill the recruitment quota in the first priority. To close the first-priority subscription, more than 500% of the recruitment units, including winners, must be filled.

Gochon Central Xi is a large apartment complex built with 17 buildings from basement level 2 to ground level 16, with exclusive areas ranging from 63 to 105㎡, totaling 1,297 households. It is located in Gochon-eup, which borders Gangseo-gu, Seoul, making its location relatively excellent. Just before the sale, the ruling party decided to promote the incorporation of Gimpo-si into Seoul as a party policy, raising high expectations for benefits.

However, it is analyzed that the high sale price compared to the surrounding market price was a hindrance. The sale price per 3.3㎡ of this complex is 22.36 million KRW, with the highest price for exclusive 84㎡ ranging from 745.2 million KRW to 758.4 million KRW. Compared to the recent actual transaction price of 620 million KRW for the nearby 3-year-old 'Castle & Famille City' exclusive 84㎡, it is more than 100 million KRW expensive.

Meanwhile, Gochon Central Xi is accepting second-priority subscription applications on this day and will announce the winners on the 14th. The contract period is from the 26th to the 28th. Move-in is scheduled for June 2024.

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