Main Subscription for 'Goyang Changneung Umi Lin Granity' in Phase 3 New Town Sees Frenzy... Up to 113:1 Competition for Standard Units [Real Estate AtoZ]

A Total of 17,352 Applications Including Special Supply
Winners to Be Announced on June 11

For the main subscription of public housing apartments in the third phase new town of Goyang Changneung District, more than 17,000 prospective buyers rushed in, resulting in a peak competition ratio of 113 to 1.

Umi Construction announced on the 29th that a total of 17,352 applications were received for both special and general subscriptions for "Goyang Changneung Umi Lin Granity," which is being built on block S-1 of the Goyang Changneung public housing district in Gyeonggi Province.

Perspective view of Goyang Changneung Umirin Granity in Gyeonggi. Umicore Construction

According to Korea Land and Housing Corporation (LH) Cheongyak Plus, during the general subscription held from May 26 to 28, 11,135 people applied for 182 units, resulting in an average competition ratio of 61.2 to 1. In the earlier special subscription, 6,217 people used their subscription accounts for 96 units.

The most competitive unit type was the exclusive 84㎡A. For the 27 units offered in the general allocation, 3,070 people applied, resulting in a competition ratio of 113.7 to 1. For the exclusive 59㎡A, 6,049 applications were received for 95 units, closing at 63.7 to 1. The 74㎡A and 59㎡B types followed, recording 47.6 to 1 and 26.1 to 1, respectively.

Goyang Changneung Umi Lin Granity consists of four buildings, with a total of 494 units across 2 basement floors to 29 above-ground floors, featuring exclusive areas of 59㎡, 74㎡, and 84㎡. After holding the pre-subscription in July 2022, the remaining units were released to the market through this main subscription.

This complex is a pilot site for the "Bespoke" project led by LH. A survey was conducted among pre-subscription winners regarding preferred furniture brands and designs, and these preferences were reflected in both paid and free options. Contract holders can select certain finish materials and furniture according to their lifestyle before moving in.

The list of successful applicants will be announced on June 11 through LH Cheongyak Plus and its mobile app. Document submission will take place from June 17 to 21, and contracts will be signed from July 27 to 30.

The model house has been set up in the Wonheung-dong area of Deokyang-gu, Goyang City.

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