‘Unam-dong Hanguk Adelium 57 Eduhills’ First No-Order Application in Gwangju Region This Year Underway

Korea Adelium 57

“Unam-dong Hanguk Adellium 57 Eduhills,” currently being sold in Gwangju Metropolitan City, is the first apartment to be offered for general sale after Gwangju was designated as a regulated area on December 18, 2020. It is expected that the first non-priority subscription in Gwangju will take place this year in 2021.

Non-priority subscription allows anyone aged 19 or older to apply regardless of whether they have a subscription savings account or own a house, and even if selected, it does not count towards the re-selection restriction. This sales system has attracted nationwide interest. Among buyers, non-priority subscription is colloquially called ‘Jupjup,’ which refers to the act of picking up something dropped. This term arose because stricter real estate regulations have led to disqualified households and strengthened conditions for interim payments, causing many people who lack cash to give up. Through non-priority subscription, other people take these units, resembling the act of picking up something dropped, hence the nickname ‘Jupjup.’

However, with plans announced to strengthen eligibility for non-priority units, free ‘Jupjup’ is expected to become impossible from the end of March. The eligibility strengthening includes changing the requirement to ‘adult members of a household without a home in the construction area (city or county) of the relevant housing’ and applying re-selection restrictions to non-priority units supplied in regulated areas (speculative overheated areas, adjusted target areas) just like general subscriptions.

The non-priority subscription for Unam-dong Hanguk Adellium 57 Eduhills will be held on Monday, February 22, and as before, anyone aged 19 or older can apply. It is the first non-priority subscription conducted in Gwangju Metropolitan City and the last site not subject to re-selection restrictions, so it is expected to attract nationwide attention.

Meanwhile, Unam-dong Hanguk Adellium 57 Eduhills is surrounded by highly preferred private schools in the area such as Kumho High School and Kumho Central Girls’ High School. Right in front of the complex are Taebong Elementary School, Kyungshin Middle School, and Chonnam National University, making it a hot topic among local buyers due to its excellent school district.

The site is located in the Buk-gu area of Gwangju and consists of a total of four medium-to-large unit types, including 84㎡, which is not widely available, and highly preferred medium-to-large types such as 106㎡, 107㎡, and 111㎡.

The model house for Unam-dong Hanguk Adellium 57 Eduhills is located in Buk-gu, Gwangju Metropolitan City, and detailed inquiries can be made through the main phone number and website.