Interest in Subscription for 'Jeil Punggyeongchae Geomdan 4th' Affordable Compared to Surrounding Market Prices

Jeil Construction Co., Ltd. is presenting ‘Jeil Punggyeongchae Geomdan Phase 4’ in Geomdan New Town, Incheon, which is attracting a large number of buyers due to its outstanding price competitiveness compared to surrounding market prices.

In fact, the sale price of Jeil Punggyeongchae Geomdan Phase 4 has been set reasonably compared to the surrounding market prices. Starting from the mid-480 million KRW range for an exclusive area of 84㎡, this is about 200 million KRW cheaper compared to the same type in Geomdan New Town, which is trading in the high 600 million to 700 million KRW range.

As the severe cold wave of winter begins in earnest, the model house of Jeil Punggyeongchae Geomdan Phase 4 is experiencing a hot atmosphere that makes visitors forget the freezing weather below zero. Especially, during the first weekend of opening, over 12,000 visitors flocked over four days. During this period, there was a continuous queue to enter the model house for all four days, and visitors carefully toured the interior units and scale models. Additionally, the consultation desks were actively engaged in subscription-related consultations, creating a heated atmosphere.

Mr. Kim (41 years old), who came out after consulting at the model house, said, "As soon as I checked the price through the recruitment announcement, I took a day off and rushed here." He added, "In this situation where prices in the metropolitan area keep rising, I really like the price starting from the 400 million KRW range. I hope to win the subscription."

Meanwhile, Jeil Punggyeongchae Geomdan Phase 4 is a branded large complex being developed near Geomdan New Town, Seo-gu, Incheon, with a total of 1,048 households of exclusive areas 84㎡ and 110㎡. The price ceiling system is applied, and there is the merit of being able to resell before moving in.

The subscription schedule for the complex starts with special supply on December 7 (Thursday), followed by first priority on December 8 (Friday), and second priority on December 11 (Monday). The winners will be announced on December 15 (Friday), and the official contract will be conducted for five days from December 26 (Tuesday) to December 30 (Saturday).

The first priority subscription conditions require a subscription savings account membership period of over one year and meeting the deposit amount by region and area. Applicants aged 19 or older residing in Incheon Metropolitan City, Seoul Special City, or Gyeonggi Province can apply regardless of whether they are household heads, household members, or homeowners. There is no restriction on re-winning. A lottery system is applied with 60% for exclusive areas under 85㎡ and 100% for exclusive areas 85㎡ or larger, providing open chances to win.

A sales official stated, "Jeil Punggyeongchae Geomdan Phase 4 has the advantage of excellent location conditions in Geomdan New Town, Incheon, in addition to price competitiveness," adding, "It is expected that residents will enjoy convenient living as it is equipped with all the necessary infrastructure for residential life."

In fact, Jeil Punggyeongchae Geomdan Phase 4 is close to the new station (Station 102) on the extension of Incheon Subway Line 1 (scheduled for 2025). Also, it is considered the biggest beneficiary area of Bulo Station on Seoul Subway Line 5 (under promotion), which recently passed the exemption bill from preliminary feasibility study on the 23rd, so transportation convenience is expected to increase further.

Additionally, it will be developed as a forest-view apartment surrounded by the planned 12th large-scale neighborhood park and scenic green spaces, with some units offering park view rights overlooking the large neighborhood park. Furthermore, Mokhyang Elementary School, Bulo Middle School, and Mokhyang Elementary School Attached Kindergarten are located right in front, and a high school (planned) is also within walking distance, making the educational environment excellent.