- Application possible regardless of subscription savings account or home ownership... Overlapping applications allowed with other complexes
- Financial benefits provided, including fixed contract deposit of 10 million won and fixed interest rate on interim payments to reduce initial burden on contractors
SM Gyeongnam Enterprise announced that Gunsan Gyeongnam Honorsville The Ocean, currently being supplied in the Jochon-dong area of Gunsan-si, Jeollabuk-do, will conduct a conditional change subscription for 7 days from the 11th (Tuesday) to the 17th (Monday). The complex consists of 873 apartment units in 11 buildings, ranging from 84 to 105㎡ in exclusive area, with 5 basement floors and 29 floors above ground.
This complex previously recorded a highest competition rate of 130 to 1 in an earlier subscription, and it is said that many people continue to show interest and inquiries for this subscription schedule. According to the Korea Real Estate Board's 'Subscription Home,' Gunsan Gyeongnam Honorsville The Ocean successfully closed all types in the second-priority subscription held last August, achieving a full subscription within the ranking. In particular, the 105㎡ exclusive type attracted attention by successfully closing the first-priority subscription with an overwhelming competition rate of 130 to 1 (including relevant and others). This is the highest subscription competition rate among complexes sold in Gunsan since 2021.
Meanwhile, it is known that the current conditional change subscription will offer exceptional benefits, attracting the attention of demanders.
Unlike general non-priority subscriptions, applications can be made regardless of whether the applicant has a subscription savings account or owns a house, and future re-winning restrictions do not apply. Therefore, overlapping subscriptions are possible regardless of other company subscriptions, drawing interest not only from actual demanders but also from investors.
Financial benefits are also introduced for those struggling to purchase a home. To reduce the initial financial burden on the contract holder, a fixed contract deposit of 10 million KRW and a 5% second contract deposit loan (interest deferred) are supported. Additionally, when taking the second contract deposit loan, only 5% of the contract deposit needs to be paid until move-in.
In particular, an interest deferred system is provided for 60% of the intermediate payment. A fixed interest rate of 4.5% is applied until move-in, reducing the burden of interest increases amid recent base rate hikes. Gunsan, where the complex is located, is a non-regulated area, allowing immediate resale upon paying 10% of the contract deposit.
Gunsan Gyeongnam Honorsville The Ocean is located in a prime spot on Jochon-ro (Richway), a representative affluent area of Gunsan, connecting from The Ocean City to the administrative town, offering a residential environment that enjoys both convenient city life and pleasant green life.
Large shopping facilities such as Lotte Mall Gunsan, the largest shopping mall in Jeonbuk, and E-Mart, as well as convenience facilities like Lotte Cinema, the administrative welfare center, and Gunsan City Hall, are nearby. Additionally, Jeonbuk National University Hospital with a total floor area of 66,613㎡ is scheduled to open in 2027.
As it is constructed by SM Gyeongnam Enterprise with extensive experience, it boasts differentiated product quality. The floor plan of 84㎡, favored by actual demanders, is designed with mostly south-facing units focusing on sunlight and daylight. Most units are designed with a 4Bay structure and a 4.8m living room to maximize views and space utilization. Inside, ample storage spaces such as pantries and dressing rooms are separately provided.
Moreover, the complex is designed as a park-type complex with no cars on the ground, ensuring a safe residential environment for both children and the elderly. Various amenities such as daycare centers, small libraries within the complex, premium resort-style fitness centers, indoor golf practice ranges, and guest houses will also be provided inside the complex.
A sales official stated, “Gunsan Gyeongnam Honorsville The Ocean recorded an overwhelming highest competition rate in the previous subscription, highlighting its optimal location that allows residents to enjoy the living infrastructure of the central The Ocean City in Gunsan and its pleasant residential environment. We recommend checking the schedule carefully to seize the opportunity to own a home, as this conditional change subscription offers unprecedented contract conditions such as fixed interest rate benefits that will not return again.”
Applications for the conditional change subscription can be made from 10 a.m. on the 11th (Tuesday), requiring a subscription deposit of 300,000 KRW. Conditional change contracts will grant priority in building and unit designation on the 17th (Monday) based on the order of subscription deposit payment.
Gunsan Gyeongnam Honorsville The Ocean is currently operating a model house.
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