Jeil Construction Opens Promotional Center for "Geomdan Hosu Park Station Punggyeongchae Urbanity Phase 2" on the 2nd

A total of 918 units with exclusive areas from 59 to 84 square meters...

Public-supported private rental housing offers 10 years of stable residency without moving concerns

Applications accepted on September 7-8...

Open nationwide to anyone over 19 years old without home ownership

Jeil Construction Co., Ltd. will open a promotional operation center on September 2 for the official launch of the "Geomdan Hosu Park Station Punggyeongchae Urbanity Phase 2" project, located in the AB21-2BL zone of Geomdan New Town in Incheon, and will begin the full-scale sales process.

This residential complex consists of nine buildings with two basement floors and up to 25 floors above ground, offering a total of 918 units with exclusive floor areas ranging from 59 to 84 square meters. The project focuses on innovative, small-to-midsize units that have recently gained strong popularity in the subscription market. It is expected to attract a wide range of demand—from single- and two-person households to three- or four-person households in their 30s and 40s.

Unlike standard presale developments, Geomdan Hosu Park Station Punggyeongchae Urbanity Phase 2 is being offered as a public-supported private rental housing complex, allowing residents to live at rental rates lower than the market price. Additionally, when renewing the lease, the rent increase is capped at 5% or less, enabling tenants to reside stably for up to 10 years without concern over moving.

Since it is a public-supported private rental property and not an ownership unit, residents have no tax burden such as acquisition tax or property holding tax, which is another advantage. Furthermore, by subscribing to deposit guarantee insurance provided by the Housing & Urban Guarantee Corporation (HUG), tenants can live with peace of mind, knowing that their deposit is secured against loss.

Notably, the area surrounding Hosu Park within Geomdan New Town features a pleasant natural environment and will benefit from significant infrastructure developments, such as an expanded major transportation network. This suggests strong future value for the area.

Applications for Geomdan Hosu Park Station Punggyeongchae Urbanity Phase 2 will be accepted in two categories: Special Supply (for newlyweds and youth) and General Supply. The subscription process will be conducted through the project website over two days, September 7 and 8.

The winner announcement is scheduled for September 14 at 16:00, and formal contract signing will take place at the promotional operation center from October 2 to October 8, for a total of seven days.

Anyone who is at least 19 years old, a South Korean citizen, and part of a non-home-owning household (or a non-home-owning youth) is eligible to apply for Geomdan Hosu Park Station Punggyeongchae Urbanity Phase 2, regardless of whether they have a subscription savings account, and may apply from anywhere in the country. However, only one application may be submitted per household, and any duplicate applications—whether one household applies twice or one person applies twice—will be invalidated.

Winning applicants for Geomdan Hosu Park Station Punggyeongchae Urbanity Phase 2 will not be subject to restrictions when applying for other projects in the future, meaning there will be no re-selection limitation imposed.

A representative of the project commented, "Due to the recent decrease in the number of available jeonse (long-term rental) units and the high presale prices, many real home-seekers are experiencing housing instability. Public-supported private rental housing that provides stable residence for 10 years is an excellent alternative for those wanting to secure a home. With school zones, parks, an on-site swimming pool, and a professional language academy, the development matches or surpasses any presale apartment complex, so I strongly recommend interested individuals look into this opportunity promptly."

The promotional operation center for Geomdan Hosu Park Station Punggyeongchae Urbanity Phase 2 is located near Singeomdan Central Station in Geomdan-gu, Incheon.

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