On March 17, 2025, the Gwanggyo New Town community in Suwon, Gyeonggi Province, is set to hold a significant pre-sale subscription known locally as "줍줍" for homes expected to realize substantial market price gains. The event, located at the "Hillstate Gwanggyo Central Station First" complex, is attracting attention due to the anticipated price difference of up to 500 million won for the selected units.
According to the Korea Real Estate Agency's Subscription Home, this pre-sale involves two households, one featuring 69 square meters of living space, designated as reserved quantity, and another 84 square meters which is part of canceled contract housing. The prices for these units are rooted in previous allocations from 2021, with the 69 square meter unit listed at 774.3 million won, and the larger 84 square meter unit at 936.2 million won.
Eligibility for applying to this pre-sale varies based on housing requirements. For those interested in the smaller 69 square meter unit, any citizen over the age of 19 residing nationwide can apply. Meanwhile, applicants for the 84 square meter unit must be households without homes currently living in Suwon, ensuring initiatives for local residents.
Buyers will also need to contend with additional financial commitments, including the necessary contract deposit set at 20% of the pre-sale price. Another factor influencing potential buyers is the mandatory residency period established at three years, coinciding with the ten-year resale restriction typical for properties located within non-regulated areas.
Another notable aspect of this pre-sale is the emphasis on duplicate subscriptions; due to the non-regulated status of the district, participants can enter multiple slips even when the winner announcement day falls on the same date. The results of the drawing—where only two units are on offer—are to be declared on March 20, 2025.
Conveniently located directly adjacent to the Shinbundang Line Gwanggyo Central Station, this mixed-use complex boasts 20 above-ground floors across four buildings, comprising 211 households. The prime real estate and access to public transport is likely to drive competitive interest among potential buyers.
The blend of price accessibility for units alongside the potential for significant returns highlights the allure of Gwanggyo New Town as a burgeoning real estate market within Suwon. Observers speculate on how the dynamics of local housing demand and the impact of national trends may shape outcomes from this latest subscription event.
With its strategic location, tightly regulated offer terms, and the esteem of the Hillstate brand, this event serves as more than just another home-purchase option. It stands as symptomatic of the larger aspirations for urban development and residence accessibility during what many regard as uncertain economic times.