GH, Special Sale of Land for Private Contracts in Hwaseong Dongtan and Pyeongtaek Godeok

Gyeonggi Housing and Urban Corporation (GH) will conduct a special land sale until the end of this year, including applying interest-free installment plans to land subject to private contracts.

GH will first apply interest-free terms when selling land subject to private contracts on an installment basis, and provide a prepayment discount proportional to the number of days prepaid if customers pay the installment principal earlier than the originally agreed date. Currently, GH's installment interest rate is 4% per annum, and the prepayment discount rate is 5%.

The special sale land includes 116 single-family residential lots in Jangji-dong 433 area within Dongtan 2 New Town, Hwaseong. The lot area for residential-only single-family housing lots (D33, D34) ranges from 215 to 303㎡, with sale prices between 435,375,000 KRW and 624,180,000 KRW per lot.

Building coverage ratio is 50%, floor area ratio is 80%, with a maximum of 2 floors and up to 2 households allowed per building. Eligibility requires the applicant to be the head of a household registered as of the supply announcement date, and only one lot can be applied for per household.

Location map of Dasan New Town, Namyangju, Gyeonggi Province. Provided by Gyeonggi Housing and Urban Corporation.

Additionally, 67 single-family residential lots (with store compatibility, FD1) in Godeok-dong 110-1 area within Pyeongtaek Godeok New Town will also be specially sold. The lot area ranges from 239 to 266㎡, with sale prices between 664,200,000 KRW and 836,452,000 KRW per lot. The building coverage ratio is 60%, floor area ratio is 180%, with a maximum of 4 floors and up to 5 households allowed per building. One lot each of religious and office facility land will also be sold.

GH will also apply the same interest-free installment and prepayment discount policies to support facility land, parking lots, and single-family residential lots with store compatibility within three industrial complexes in Paju (Paju Seonyu, Paju Wollong, Paju Dangdong Industrial Complex), Pyeongtaek Oseong Industrial Complex, and Anseong Wongok Logistics Complex. The down payment ratio will be lowered from the existing 10% to 5%, which is expected to reduce the initial financial burden.

Furthermore, GH will implement a personal sales incentive program paying brokerage fees to real estate agents for all private contract land (Hwaseong Dongtan 2, Pyeongtaek Godeok, Namyangju Dasan New Town, etc.) worth approximately 200 billion KRW until the end of the year.