LH to Accept Applications for 394 Public Sale Units in Bucheon Wonjong Starting from the 10th

Exclusive Area 46㎡·55㎡, Starting from 350 Million KRW
Annual 1.3% Long-Term Mortgage Loan Available

[Asia Economy Reporter Cha Wanyong] Korea Land and Housing Corporation (LH) announced on the 9th that it will begin accepting applications from the 10th for 394 public sale units of newlywed hope town housing in B2 Block of Bucheon Wonjong Public Housing District.

The exclusive area consists of 80 units of 46㎡ and 314 units of 55㎡, and the supply price is set at around 350 million to 420 million KRW under the price ceiling system. There is no residency obligation, and a resale restriction of 3 years applies.

Bucheon Wonjong B2 Block is located in Wonjong-dong, Ojeong-gu, Bucheon City, 2 km away from Yangcheon and Gangseo districts in Seoul, and the opening of Wonjong Station on the Seohae Line is scheduled, providing excellent access to Seoul. Additionally, it is adjacent to the 3rd New Town Bucheon Daejang District, making it a complex with high future value expected to benefit from transportation improvements and other advantages.

Within the complex, various childcare-specialized community facilities such as daycare centers, indoor playgrounds, a shared care center, and a toy library are planned, and Bucheon Wonil Elementary School is located in front of the complex, allowing safe commuting for children.

Applicants must be members of a household without a home residing in the metropolitan area (Seoul, Gyeonggi, Incheon) as of the announcement date (December 28, 2022), and be newlyweds within 7 years of marriage, couples expecting marriage, or single-parent families with children aged 6 or younger. Priority is given to residents of Bucheon City. Detailed income and asset criteria must be individually confirmed in the resident recruitment announcement.

The supply schedule is ▲application period (January 10?13) ▲announcement of successful applicants (January 26) ▲contract signing (from May 8), with move-in expected in December 2025.

Meanwhile, the Newlywed Hope Town offers a fixed interest rate as low as 1.3% per annum through an exclusive long-term mortgage loan product (profit-sharing mortgage), allowing loans up to 70% of the house price (up to 400 million KRW) for up to 30 years, attracting significant interest from homebuyers without homes who find it difficult to secure housing funds amid high interest rates.