Subscription is the Answer to Buying a Home: What Are the Subscription Qualifications for 'The Sharp Geochang Porciel' in Non-Regulated Areas?

The Sharp Geochang Porciel Perspective View

Amid recent government measures to strengthen regulations on the housing market, non-regulated areas are experiencing a significant balloon effect, and attention is being drawn as new apartments are being supplied in Geochang, Gyeongnam, a non-regulated area, for the first time in over six years.

‘The Sharp Geochang Forciel,’ scheduled for sale this month by POSCO Construction, will be built in the Geochang-gun area with 7 buildings ranging from 2 basement floors to a maximum of 27 floors above ground, totaling 469 units with exclusive areas of 66, 84, and 109㎡. By type, there are ▲42 units of 66㎡ ▲391 units of 84㎡ ▲36 units of 109㎡.

Since it is a non-regulated area, subscription conditions are relatively freer compared to regulated areas such as speculative overheated zones and adjustment target areas. First, residents of Geochang-gun, Gyeongsangnam-do, Busan Metropolitan City, and Ulsan Metropolitan City who are adults aged 19 or older can apply for first-priority subscription regardless of whether they are household heads or members. The subscription savings account must have been held for at least 6 months, and the required deposit amount by region must be met.

The required deposit amounts by region are as follows. For exclusive areas of 66㎡ and 84㎡, ▲residents of Geochang-gun and Gyeongnam region must have 2 million KRW, ▲Ulsan Metropolitan City 2.5 million KRW, and ▲Busan Metropolitan City 3 million KRW deposited. For the 109㎡ units, ▲residents of Geochang-gun and Gyeongnam region must have 4 million KRW, ▲Ulsan Metropolitan City 7 million KRW, and ▲Busan Metropolitan City 10 million KRW deposited. In case of competition, residents of Geochang-gun are given priority. There are no restrictions on re-winning, and homeowners can also apply for first-priority subscription.

As a non-regulated area, the proportion of lottery-based allocation is also large. Small and medium-sized units such as 66㎡ and 84㎡ are supplied with 40% by point system and 60% by lottery, while the 109㎡ units are supplied 100% by lottery. Therefore, prospective applicants with low points and low chances of winning are expected to flock to the 109㎡ units, which are selected solely by lottery, making competition quite fierce.

The Sharp Geochang Forciel is a private land private sale project, so 213 units, which is 45% of the total supply, are allocated for special supply. Targeting both special supply and general supply is a strategy that can increase the chances of winning.

Meanwhile, The Sharp Geochang Forciel is located in an area with solid infrastructure within Geochang-gun, equipped with important facilities highly valued in the housing market such as transportation, school districts, and living infrastructure. First, the complex is conveniently accessible via Geoyeol-ro, which runs horizontally through Geochang-eup downtown, and it is easy to access National Routes 3 and 24, allowing quick access to neighboring areas. Additionally, access to Geochang IC, which connects to the Gwangju-Daegu Expressway, is also convenient.

Having Geochang’s prestigious school district is also a value-enhancing factor. Within walking distance are excellent prestigious schools such as Arim Elementary School, Daeseong Middle and High School, Daeseong Il High School, and Geochang Central High School, boasting outstanding conditions for children’s education. Also, the only academy district in front of Arim Elementary School and the Geochang-gun Hanmaeum Library are located nearby, providing convenient access.

Government offices and convenience facilities are also located nearby, boasting abundant living infrastructure. Within a 1 km radius are Geochang County Office, Changwon District Court Geochang Branch, Tax Office, and Health Center, which residents can easily use. In addition, Hanaro Mart (Geochang Nonghyup branch), Geochang Market, and numerous banks are located nearby, and parks such as Jukjeon Park and Geochang Reading Park are close, providing spaces for rest and leisure.

Built under POSCO Construction’s ‘The Sharp’ brand, premium quality is also expected. POSCO Construction has ranked first for 10 consecutive years in the Apartment Quality Satisfaction Index announced annually by the Korea Standards Association, becoming the first in the industry to be inducted into the Hall of Fame. Last year, the brand was renewed to signify its commitment to continuing as a 100-year brand trusted and loved by customers. This year, it has also been actively supplying The Sharp brand apartments successfully in Incheon, Gwangju, Asan, Gunsan, and other locations.

Living up to this brand reputation, The Sharp Geochang Forciel is expected to be presented to consumers with excellent product composition. The complex is mostly designed with a 4-bay slab-type structure, maximizing lighting and ventilation through a south-facing layout. Depending on the type, features such as pantries, alpha rooms, powder rooms, and dressing rooms are also provided, allowing ample space utilization.

The model house for The Sharp Geochang Forciel is located in Geochang-gun.