Over 10,000 Visitors Flock to 'Sujain Poonggyeongchae' Model House in Godeok International New City Over Three Days [Real Estate AtoZ]

Special Supply Begins Today
Duplicate Applications Allowed for Both Complexes 1 and 2

BS Hanyang announced on May 11 that more than 10,000 visitors attended the model house for “Sujain Poonggyeongchae Complexes 1 and 2” in Godeok International New City, Pyeongtaek, Gyeonggi Province, over the three days starting from May 8.

A BS Hanyang sales representative stated, “Visitors flocked from all over southern Gyeonggi, including Suwon, as well as from various parts of the greater Seoul area. Not only did we see strong interest from actual homebuyers and investors, but there was also a significant proportion of family visitors combining their visit with an outing.”

Godeok International New City is a self-sufficient planned city adjacent to Samsung Electronics’ Pyeongtaek Campus. The local investment activity is believed to have been boosted by the entry of the semiconductor market into a supercycle phase and the resumption of construction on the Pyeongtaek Plant 5 (P5). A visitor from Suwon commented, “Given this location in Godeok and this price, it seemed quite reasonable, which is why I came to see it. With Samsung Electronics expanding its semiconductor investment, the future outlook also appears positive.” The sale price for this complex has been set in the mid-500 million won range for a dedicated area of 84 square meters.

View of the model home at Sujain Pungkyungchae in Godeok International New City. BS Hanyang

BS Hanyang also reported that visitors showed high interest in the floor plan designs. The 84 square meter units feature a four-bay plate layout that is advantageous for natural lighting and ventilation, with some units offering a three-sided balcony to expand usable space.

The 101 square meter units, which have been in short supply in Godeok New City, incorporate a 5-meter-wide expansive living room to enhance the sense of openness. A visitor residing in Pyeongtaek remarked, “There are many 84 square meter units in Godeok, but larger units have been rare, so I made time to visit when I heard there would be large units in a major complex. The wide living room is particularly satisfying.”

The subscription schedule begins with the special supply on this day, followed by first-priority applications on May 12 and second-priority applications on May 13. The announcement dates for successful applicants differ: May 19 for Complex 1 and May 20 for Complex 2, allowing duplicate applications.

Both complexes are privately developed housing on public land subject to the price ceiling system, but their residency requirements differ. Complex 1 (Abc-14 Block) is subject to a three-year resale restriction and a three-year mandatory residency period. Complex 2 (Abc-61 Block) is subject only to a three-year resale restriction with no residency requirement, allowing for leasing at the time of move-in. Although the sale prices are identical, the difference in market value assessment by block has resulted in varied residency obligations. Under current law, if the sale price is at least 100% of the nearby market price, the residency requirement is waived; Complex 2 appears to meet this criterion.

Pyeongtaek Godeok International New City is a nationwide subscription area, meaning anyone aged 19 or older can apply regardless of their place of residence. Homeowners may also apply, and there are no restrictions on repeat winners. If the subscription account has been open for at least 12 months and the area and region-specific deposit requirements are met, applicants may apply for first-priority status. Couples are also allowed to apply simultaneously for special supply in the same complex.

Formal contracts are scheduled to be conducted over three days from June 1 to June 4.

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