Korea Land and Housing Corporation (LH) has postponed the application schedule for one household in the new hope town of the S7 block (Gwacheon Grand Rev Desian) in Gwacheon by about a week. This is due to an influx of inquiries related to the application as an increase in market value of over 1 billion won is expected, prompting the adjustment of the recruitment announcement wording.

<YONHAP PHOTO-3870> Despite the decrease in apartment transaction volume, the high-priced complexes concentrated in Gangnam, Seoul, report over half in new high prices. (Seoul = Yonhap News) Reporter Hwang Kwang-mo states that last month, the transaction volume in the apartment market in Seoul and the metropolitan area was sluggish; however, in high-priced complex concentrated areas like Gangnam-gu in Seoul and Gyeonggi-do's Gwacheon City, selective buying pressure led to a high proportion of transactions at new high prices. The real estate platform Zigbang analyzed the Ministry of Land, Infrastructure and Transport's actual transaction price data, revealing that in April this year, the transaction volume for apartments in the metropolitan area was 13,423 cases, approximately 47% lower than the previous month (25,456 cases). Conversely, in Gangnam-gu, it is recorded that 59.0% of all transactions occurred at the same price as or exceeded the previous highest price. The proportion of new high price transactions in Gangnam-gu exceeds half for the first time since April 2022 (53.7%). The photo shows the view of apartment complexes in Apgujeong-dong and Cheongdam-dong, Gangnam-gu, taken from Mount Eungbongsan on May 13, 2025. hkmpooh@yna.co.kr/2025-05-13 15:01:56

According to LH Application Plus on the 9th, the application for one household of a 55㎡ exclusive area in 'Gwacheon Grand Rev Desian', which was scheduled to take place that day, has been postponed to the 16th. This is influenced by its reputation as a 1 billion won lottery.

One household has been canceled this time, leading to a decision for re-supply. The selling price is set at 539.33 million won, the price from five years ago. Even if the decisions made by the previously canceled household, such as balcony extension, are inherited, the selling price does not exceed the mid-500 million won range.

The nearby Raemian Sure apartment, completed in 2008, with an exclusive area of 59㎡ (6th floor) was sold for 1.65 billion won on the 28th of last month. Although Raemian Sure has a slightly larger size, considering the market value, a price difference of about 1 billion won is expected.

Eligibility for applicants is limited to members of the nationwide no-homeowners as of the recruitment announcement date (May 29) who meet one of the following conditions: ▲ newlyweds ▲ prospective newlyweds ▲ single-parent families. The restriction on resale is three years from the date of announcement of winners, and the obligation to live in the unit is for five years from the initial move-in date. The application account, income, asset, and past winning records will not be considered. The announcement date for winners is the 20th.