Enjoying Non-Regulation Premiums on Loans, Subscription, and Tax Benefits: 'Gyeongsan 2nd I-Park'

- Non-regulated areas offer greater advantages in subscription, loans, and taxation compared to regulated areas
- 'Gyeongsan 2nd I-Park' attracts attention with low barriers to homeownership, including interest-free interim payments and free balcony expansion

[Perspective View of Gyeongsan 2nd I-Park]

Recently, with rising house prices and the increase in raw material costs needed for building construction, attention is focusing on non-regulated areas where the burden of purchasing a home is relatively lighter.

In non-regulated areas, the LTV (Loan-to-Value ratio) can be up to 70%, making it relatively easier to secure funds, and anyone who is the head of a household or a household member can apply for subscription regardless of home ownership status. In particular, in non-regulated areas, the lottery system applies with a ratio of 60-100% for units under 85㎡ and 100% for units over 85㎡, increasing the chances of winning for applicants with lower scores.

From a tax perspective, non-regulated areas eliminate the residency requirement for tax exemption (not applicable if exceeding 1.2 billion KRW) and exclude the heavy acquisition tax imposed on second homes. Additionally, the resale restriction period is shorter or nonexistent compared to regulated areas, offering advantages not only to actual homebuyers but also to investors. Furthermore, if financial benefits such as interest-free interim payments and fixed payment plans are added to the complexes for sale, it becomes even more attractive.

Amid these conditions, there is a complex in a non-regulated area that offers various financial benefits. The ‘Gyeongsan 2nd I-Park’ by HDC Hyundai Development Company, scheduled to be launched in September, is the main subject.

Located in Gyeongsan, Gyeongbuk, a non-regulated area, ‘Gyeongsan 2nd I-Park’ allows subscription applications from anyone aged 19 or older, regardless of home ownership or residence area, with no restrictions on re-winning, resale, or mandatory residence, which is expected to attract many applicants. In addition, it plans to significantly lower the threshold for homeownership by offering interest-free interim payments and free balcony expansion costs.

‘Gyeongsan 2nd I-Park’ boasts excellent residential conditions. Yeungnam University Station on Daegu Subway Line 2 is nearby, allowing access to Daegu’s Suseong District in just 5 minutes. Also, Gyeongsan IC, Hwarang-ro, and National Road 25 provide easy access throughout Daegu, and the adjacent Gyeongbu Expressway facilitates convenient regional travel.

Residents can enjoy convenience facilities developed within the nearby Shindaebujeok District, and Homeplus Gyeongsan Branch and CGV Gyeongsan are about a 10-minute drive away, making shopping and cultural activities easily accessible. Neighborhood parks such as Mawiji Park and Nammaeji Waterfront Park are established around the complex. Additionally, the Gyeongsan 1st, 2nd, 3rd, and 4th General Industrial Complexes can be reached within a 10-minute drive, providing favorable conditions for living close to work and expecting abundant demand from industrial complexes.

The educational environment is also noteworthy. Near the complex are Gyeongsan Amryang Elementary School, Hyeonheung Elementary School, Amryang Middle School, Gyeongsan Science High School, and Yeungnam University. Moreover, new elementary and high school sites have been secured within the Amryang District, indicating further improvement in the educational environment in the future.

Especially, following the successful sale of ‘Gyeongsan I-Park 1st Phase (977 units)’ in June last year, if ‘Gyeongsan 2nd I-Park’ is also established, the area will form a large complex of a total of 1,722 units, allowing residents to enjoy the ‘brand town’ premium.

Meanwhile, ‘Gyeongsan 2nd I-Park,’ located in Amryang-eup, Gyeongsan-si, Gyeongsangbuk-do, will be built with 745 units ranging from 84 to 134㎡, from basement level 2 to 33 floors above ground.

‘Gyeongsan 2nd I-Park’ will have a model house available.

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