In the Wangseok 2 District of Namyangju, Gyeonggi Province, the first public housing subscription for the A-1 and A-3 blocks closed with triple-digit competition rates.
According to the Korea Land and Housing Corporation (LH) on May 29, the general subscription for the A-3 block attracted 20,671 applicants for 163 units, resulting in an average competition rate of 126.8 to 1.
Among the housing types, the 59㎡ A-type saw the most intense competition, with 6,066 applicants vying for 14 units, leading to a staggering competition rate of 433.3 to 1.
Winners for the A-3 block will be announced on June 15. Contracts will be conducted electronically from August 24 to 25, followed by on-site contracts on August 27 and 28.
The A-1 block, developed by Kumho Construction under the public-private partnership project 'Wangseok Atera,' also experienced high demand. In the general subscription that closed the previous day, 22,525 applicants competed for 223 units, resulting in an average competition rate of 105.5 to 1.
The 59㎡ A-type in the A-1 block recorded the highest competition rate, with 8,659 applicants for 22 units, reaching a competition rate of 393.6 to 1.
The announcement for the A-1 block winners is set for June 12, with the official contract period scheduled from August 10 to 14.
* This article has been translated by AI.
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