Cheongju Gagyeong IPARK Complexes 7 and 8 to Begin Contract Signing on the 9th...150,000 First-Priority Applications Received

[Financial News] Cheongju Gagyeong IPARK Complexes 7 and 8, being developed in Gagyeong-dong, Heungdeok-gu, Cheongju, North Chungcheong Province, will begin contract signing on the 9th. Contracts will be signed over seven days, through the 15th.
According to IPARK Hyundai Development Company on the 9th, the complex received 149,730 applications for 1,235 homes offered in the general-supply category through first-priority subscriptions, posting an average competition ratio of 121.24 to 1.
As of the 5th, this was the highest number of first-priority subscription applications among the 202 complexes launched for sale nationwide this year. The competition ratio for special supply for first-time homebuyers also reached 113.36 to 1.
Cheongju Gagyeong IPARK Complexes 7 and 8 are the final offering in an IPARK-branded town of about 6,300 homes being built in the Gagyeong-dong area. A total of 4,624 homes in Complexes 1 through 6 have been supplied in stages since 2016; with the 1,671 homes in Complexes 7 and 8, the town will comprise 6,295 homes in total.
Complex 7 will comprise 543 homes in four buildings, with two basement levels and up to 32 floors above ground. Complex 8 will have 1,128 homes in nine buildings, with three basement levels and up to 29 floors above ground. Homes will have exclusive-use areas of 84 to 116 square meters, and move-ins are scheduled for November 2029.
The complex is planned to include a looped walking trail and community facilities. Depending on the unit type, homes feature walk-in closets, pantries, and multipurpose rooms to provide storage space. A deferred-interest payment plan applies to 60% of the interim payments.
“The brand trust and residential appeal built through the IPARK series, which has continued in Gagyeong-dong for about a decade, have been borne out by the subscription results,” a sales representative said. “Given the symbolic significance of this being the brand town’s final offering and the recognition of the complex’s product competitiveness, we expect contract signing to conclude smoothly.”

[email protected] Choi A-young Reporter