3,116 First-Priority Applications Received... Gaining Popularity
Winners Announced on November 4... Binding Contracts from November 16 to 19 for 4 Days
Jeil Construction Co., Ltd. is conducting the second-priority subscription for ‘Unjeong New Town Jeil Punggyeongchae Grand First’.
The second-priority subscription is available to anyone who holds a subscription savings account, and since the selection is made 100% by lottery, it has attracted attention not only from Paju but also from investors across Seoul.
In particular, the exclusive area of 59㎡ was fully booked before the selection of preliminary winners, leaving 61 units available. Therefore, those applying in the second-priority subscription today have a significantly higher chance of being selected for royal floors and royal buildings, which has increased public interest.
The second-priority subscription will be held on Thursday, the 29th, and anyone holding a subscription savings account can apply regardless of the payment period or deposit amount. Applications can be submitted through the Korea Real Estate Agency’s subscription homepage, smartphone app, or at the main and branch banks where the subscription savings account is held (from 9 a.m. to 4 p.m.).
Notably, the number of first-priority subscription savings accounts submitted for Unjeong New Town Jeil Punggyeongchae Grand First this time is 3,116, which is significantly higher than that of complexes that previously accepted subscriptions. Additionally, in this subscription, the exclusive area of 84㎡ recorded a subscription competition rate of 10.27 to 1 in the first-priority other Gyeonggi reception. However, since it is a large complex with about 2,000 units and a preliminary winner ratio of 300% is applied, second-priority applications are also being accepted.
Unjeong New Town Jeil Punggyeongchae Grand First has attracted much attention from customers since the model house opened. The model house, which could only be visited by making a prior reservation through the website, saw continuous visits on both weekends and weekdays. The website recorded a cumulative visitor count exceeding 350,000.
The reason for the continued interest from demanders is that it is located in a highly scarce non-regulated area in the metropolitan area and has many development benefits. The GTX-A line is scheduled for 2023, there are plans to extend Subway Line 3, the Seoul-Munsan Expressway is expected to open in November 2020, and developments such as Unjeong Techno Valley and Paju Medical Cluster are underway. Also, since Paju City, where the complex is located, is a non-regulated area, homebuyers without a house can receive a mortgage loan-to-value ratio of up to 70%.
It is supplied in an area subject to the price ceiling system, so a reasonable sale price has been set, and the resale restriction period is up to 3 years. Since the move-in period is after 3 years, resale is possible before the ownership transfer registration, which is increasing inquiries from investors.
Meanwhile, Unjeong New Town Jeil Punggyeongchae Grand First consists of a large complex with 24 buildings, 28 floors above ground and 2 basement floors, totaling 1,926 units. It is composed of small to medium-sized units with exclusive areas of 59, 74, and 84㎡, which are highly preferred by consumers. The winners will be announced on Wednesday, November 4, and the official contract period will be held for 4 days from Monday the 16th to Thursday the 19th. The deposit is 10%, and a fixed benefit of 10 million KRW (first payment) is applied at the time of contract to reduce the initial financial burden.
The model house is located at 1498-3, Wadong-dong, Paju City, and visits are only possible by prior reservation for the safety of visitors. Reservations can be made in real-time on the website, and only one accompanying person besides the reserver is allowed entry. A cyber model house is also operated, so if visiting is difficult, it is recommended to visit the website to check units and various videos.
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