'Okjeong Jungang Station Theatre' Second-Round Subscription Closes... 84㎡A Achieves Highest Competition Rate of 6.39 to 1

84㎡A Achieves Top Competition Rate of 6.39 to 1

84㎡B Also Sees 90.3% Application Rate Compared to Supply

Winners Announced on April 28... Official Contracts Held for Four Days Starting May 10

Provided by Daebang Construction

'(Tentative Name) Okjeong Jungang Station Theatre' closed its second-round subscription on Wednesday, April 22, and is now moving into the official contract phase.

Following a record-breaking number of first-round applications across all of Yangju, the strong preference for the exclusive 84㎡ unit type was reaffirmed as the second round also concluded.

According to the subscription results, the exclusive 84㎡A type achieved the highest competition rate at 6.39 to 1 among "Other Gyeonggi" first-round applicants, while the 84㎡B type, with 1,027 units supplied, saw 928 applications, resulting in a high application rate of 90.3%.

Industry analysts attribute the influx of end-user demand to the combination of the price cap policy and the premium associated with a large-scale complex. In particular, a higher proportion of end-user subscriptions tends to lead to a higher conversion rate to actual contracts, so positive results are also expected during the official contract period.

The exclusive 128㎡ type is drawing attention as a rare mid-to-large unit, especially since many of the units offer views of Okjeong Lake Park.

The post-subscription schedule will also proceed in earnest. The announcement of successful applicants is scheduled for Tuesday, April 28, and document submission for selected applicants will take place from Thursday, April 30 to Thursday, May 7. Thereafter, official contract signing will be held over four days, from Sunday, May 10 to Wednesday, May 13.

The project's popularity is attributed to its differentiated location and scarcity. The complex is being developed directly in front of the exit of Okjeong Jungang Station on Subway Line 7 (tentatively named, scheduled for 2030), with an agreement in place to create a direct passage connecting the complex and the station. Furthermore, as this is the final privately developed parcel in Okjeong New Town, its scarcity is further highlighted.

On the east side of the complex is Okjeong Lake Park, covering approximately 160,000㎡, while the southern side is adjacent to the central commercial district and an area with many academies, offering excellent residential convenience. All levels of schools—elementary, middle, and high—are within walking distance. In particular, four elementary schools are located within approximately a 550-meter radius from the center of the complex.

Constructed by Daebang Construction, the complex will consist of five basement floors and up to 49 floors above ground, totaling 3,660 units, of which 2,807 are apartments. The model home for this project is open daily from 10 a.m. to 6 p.m. in the Okjeong-dong area of Yangju City.

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