The third new town, Bucheon Daedang District, will begin its main subscription next month.
Korea Land and Housing Corporation (LH) announced on the 30th that it will start the main subscription for Blocks A7 and A8 in the Bucheon Daedang District.
Bucheon Daedang Public Housing District is a third new town being developed over an area of 3.45 million square meters in Daedang-dong, Ojeong-dong, Wonjong-dong, and Samjeong-dong in Bucheon, Gyeonggi Province.
The supply amount for Blocks A7 and A8 in Bucheon Daedang is a total of 865 dwellings. Of these, 673 dwellings will be supplied to those who won the pre-subscription, while the remaining 192 dwellings will be offered through general sale. Both blocks consist of units with a exclusive area of 59 square meters.
The selling price is set at an average of 520 million won, which is a reasonable level compared to nearby transaction prices. The estimated sale price during the pre-subscription in 2021 was in the 400 million won range. In the case of Block A7, the selling price was expected to be 435.51 million won, and Block A8, 428.86 million won; however, due to rising construction costs and other factors, the actual selling price has been set approximately 90 million won higher.
Following this announcement, subscription applications will start in May. Main subscription applications for those who won the pre-subscription will be accepted on the 19th and 20th of next month. Subsequently, special supply subscription applications will be accepted on the 21st and 22nd, and general subscription applications on the 23rd. The winners will be announced in June, with contracts scheduled for September. The move-in date is set for January 2028.
LH will also operate a housing exhibition center for Blocks A7 and A8. The exhibition center is located at 172-14 Cheongna-dong, Seo-gu, Incheon, and will open on May 10, starting with those who won the pre-subscription, followed by general subscription candidates. Through the exhibition center, visitors can preview the A7 Block 59A type and A8 Block 59B type dwellings. For those unable to visit, information can be accessed through the cyber model house.
Seohwan Sik, head of LH's Incheon Regional Headquarters, said, "We will continue to expand the supply of high-quality public dwellings through the third new town to stabilize the metropolitan real estate market, while doing our best to create a city with a pleasant living environment and excellent transportation networks."