Youngmoo Construction Begins First Priority Subscription for 'Songhak-dong 3rd Youngmoo Yedam' in Iksan, Jeonbuk on the 8th

Perspective view of Songhak-dong 3rd Yedam

[Asia Economy Reporter Tae-min Ryu] Youngmoo Construction announced on the 6th that it will start accepting applications for subscription to ‘Songhak-dong 3rd Yedaeum’ supplied in Iksan, Jeonbuk, from this week. Special supply will begin on the 7th, followed by 1st priority subscription on the 8th and 2nd priority subscription on the 9th.

This complex is located in the Songhak-dong area of Iksan-si, Jeonbuk. As a follow-up sale to the ‘Songhak-dong 2nd Youngmoo Yedaeum’ supplied at the end of last year, by the time the 3rd phase is occupied, about 1,100 households will form a Youngmoo Yedaeum brand town in the area.

The supply consists of a total of 816 households from basement level 1 to ground level 28, all of which are 84㎡ exclusive use type. The complex plans to maximize space utilization by introducing specialized designs such as a south-facing layout, excellent lighting and ventilation with 4-bay, innovative 3-pantry design, and dressing rooms.

Recently, the Iksan area has seen an increase in subscription demand due to the advantage of being a non-regulated area. If you have been subscribed to a subscription savings account for more than 6 months, are over 19 years old, and meet the deposit requirements by area, not only the head of the household but also household members qualify for 1st priority, and even homeowners can apply for 1st priority subscription. There are no move-in or disposal conditions for interim payment loans, and mandatory residence and resale restrictions do not apply.

Additionally, according to the ‘Strengthened Household Debt Management Plan’ announced by the Financial Services Commission, it is advantageous for loans such as jeonse loans as it will not be subject to the second stage of borrower-level DSR regulations to be applied from next year.

A Youngmoo Construction official said, "We enhanced price competitiveness with excellent contract conditions such as interest-free interim payments and fixed contract deposits, and free provision of front doors for all households," adding, "Since there are no resale restrictions, we expect high interest from external demand in the vicinity."

The model house is located near Songhak-dong, Iksan-si, Jeollabuk-do.