IPARK Hyundai Development Company Begins First-Priority Applications for 'Chuncheon Riverview IPARK' [Real Estate AtoZ]

5% Contract Deposit and Interest-Free Interim Payments
60% of All Unit Types Allocated by Lottery

IPARK Hyundai Development Company announced that ‘Chuncheon Riverview IPARK,’ supplied in the Janghak-ri area of Dong-myeon, Chuncheon-si, Gangwon Province, will accept first-priority subscription applications on July 21.

‘Chuncheon Riverview IPARK’ will consist of two buildings with 27 floors above ground and two basement levels, comprising a total of 262 units. By exclusive area, there are 79 units for 59㎡A and 59㎡B, and 183 units for 84㎡A and 84㎡B.

Riverview I-Park Perspective View in Chuncheon. IPARK Hyundai Development Company

Eligibility for first-priority subscription requires being at least 19 years old and residing in Chuncheon-si or Gangwon Province as of the tenant recruitment announcement date, which was July 10. Applicants must have subscribed to a subscription savings account for at least six months and meet the regional and area-specific deposit requirements.

Both heads of households and household members are eligible for first-priority application regardless of home ownership status, and even homeowners are not subject to repeat winner restrictions. After full payment of the 10% contract deposit, transfer of the sales rights is allowed. The contract deposit is 5% of the total price (the first payment is a flat 10 million won), and an interest-free interim payment plan is offered.

For both 59㎡ and 84㎡ exclusive area types, successful applicants are selected with a 40% point-based system and a 60% random draw, allowing even those with low application scores a chance of winning through subscription.

After the first-priority subscription, second-priority applications will be received on July 22. The winners will be announced on July 29, and formal contracts will be conducted from August 10 to 12.

‘Chuncheon Riverview IPARK’ is located at the intersection of Chuncheon-ro and Chuncheon Loop Road, offering easy access to various parts of downtown Chuncheon. Residents also have convenient access to Cheongnyangni Station via Chuncheon Station on the Gyeongchun Line.

The complex is surrounded by elementary, middle, and high schools and qualifies for the ‘Rural Special Admissions’ program. Major supermarkets, government offices, hospitals, and other everyday amenities are nearby. Natural attractions such as the Soyang River, Mancheoncheon, Gubongsan, Neoul Forest Park, and Son Heungmin Sports Park are also within close proximity.

More detailed information about the sale can be found by visiting the model home or through the online cyber model house on the official website.

The model home is located in the Geunhwa-dong area of Chuncheon-si.

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