Gunsan Hosu Park I-Park Up to 145 to 1... Non-Regulated Area Subscription Fever
The enthusiasm for subscription in non-regulated areas due to the balloon effect of regulations remains strong.
According to Korea Real Estate Board's Subscription Home on the 2nd, ‘Gunsan Hosu Park I-Park’ supplied by HDC Hyundai Development Company in Gunsan City, Jeonbuk, recorded a highest subscription competition rate of 145.1 to 1 and an average of 55.79 to 1, closing all housing types in the first priority. This approaches the highest competition rate ever recorded in Gunsan City (58.8 to 1) by ‘The Sharp The Ocean City Phase 2’ in February.
Jeonbuk is a non-regulated area where unsold housing units have recently decreased sharply, intensifying subscription competition. As of March, the number of unsold apartments in Jeonbuk was 170 units, an 80% decrease compared to the same month last year, marking the largest reduction in unsold units nationwide. In particular, investment enthusiasm in Gunsan is hotter than ever. According to Korea Real Estate Board, 55 gap investments were made in Gunsan over the past three months, the highest in Jeonbuk. During the same period, the number of transactions by non-residents also reached 572, the highest in Jeonbuk. With real estate tax systems strengthening from June, interest in non-regulated areas is expected to grow further.
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Daewoo Construction plans to supply ‘Iksan Prugio The First’ in Block A1 of the National Food Cluster Industrial Complex in Iksan City, Jeonbuk, this month. It will be developed with a total of 674 households of exclusive areas 59, 78, and 84㎡, and as an apartment in a public land district, the price ceiling system will be applied, raising expectations for reasonable prices. In Cheonan, Chungnam, Hanwha Construction will supply ‘Hanwha Forena Cheonan Sinbu’, and in Changwon City, Gyeongnam, Lotte Construction will supply ‘Changwon Yangdeok Lotte Castle’ in June through the Yangdeok 2 District reconstruction project.
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