Korea Land and Housing Corporation (LH) announced on the 12th that it has opened the dwelling exhibition hall for blocks A7 and A8 in the 3rd phase of the new town in Bucheon Daesang.
The Bucheon Daesang blocks A7 and A8 showed high competition rates of 23 to 1 for block A7 and 9 to 1 for block A8 during the pre-application in December 2021. The recruitment announcement for residents began on the 30th of last month.
The total supply volume is 865 units. Of these, 673 units will be allocated to the winners of the pre-application, while the remaining 192 units will be offered for general sale. Both blocks consist of a single type of unit with an exclusive area of 59㎡. The sale price is an average of 520 million won, which is reasonable compared to nearby transaction prices. A cap on sale prices will be applied, and the units will be restricted from resale for three years from the announcement date of the winners. However, there is no obligation for actual residency.
Application acceptance will begin on the 19th of this month. The announcement of the winners is scheduled for June, and contract signing will take place in September. Residents are expected to move in January 2028.
LH prepared the dwelling exhibition hall for blocks A7 and A8 for actual demanders and held an opening ceremony on the 9th. The ceremony was attended by LH President Lee Han-jun, Bucheon Mayor Cho Yong-ik, and Member of Parliament Seo Young-seok.
The exhibition hall is located at 172-14 Cheongna-dong, Seo-gu, Incheon, where visitors can preview dwellings of type 59A in block A7 and type 59B in block A8.
The exhibition hall was first opened to pre-application winners over the past weekend. Approximately 1,470 people visited the exhibition hall over the two days.
General applicants can visit from the 12th to the 18th. If on-site visits are difficult, they can also check via the cyber model house.
LH President Lee Han-jun said, "As the need for public policy implementation grows due to concerns over the contraction of dwelling supply and long-term stagnation in the construction industry, LH plans to supply 8,000 public dwellings in the 3rd phase of the new town this year without any issues," adding, "We will do our best to ensure that reasonable, high-quality dwellings can be sufficiently and promptly supplied in excellent locations in the metropolitan area, including Bucheon Daesang."