A new opportunity is arising for homebuyers as Korea's real estate market gears up for significant changes. On March 17, 2025, the pre-sale subscription for two units at the 'Hillstate Gwanggyo Jungang Station Percite' will take place, which is expected to attract considerable interest, especially as homeowners will face tighter restrictions starting May 2025.
This limited opportunity includes one housing unit sized at 69㎡ available for open subscription and another unit at 84㎡ for those purchasing canceled contracts. Everyone aged 19 and older throughout the country can apply for the 69㎡ unit without needing to show ownership of other properties or maintain special bank accounts. Meanwhile, the 84㎡ unit will only be available to homeowners living within the city of Suwon.
The pre-sale price for the featured 69㎡ unit is set at 774.3 million won, and the 84㎡ unit is priced at 936.2 million won, reflecting the rates established at the time of public sale back in 2021. A minimum deposit of 20% is required, with the remaining 80% due upon moving in or within the two months following the signing of the contract.
For those who are invested in this market, the three-year residency obligation implies they must move by May or find suitable tenants to fulfill this requirement. Although residents began moving in back last September, considerable transactions have yet to occur, and current conditions suggest the 84㎡ unit might fetch between 1.4 billion and 1.6 billion won based on comparable properties, yielding potential profits of over 500 million won.
Referred to as 'the last lottery subscription' opportunity within the Gwanggyo New City, 'Hillstate Gwanggyo Jungang Station Percite' is part of a larger complex of 211 units distributed among four buildings, each reaching 20 stories. When this property was initially auctioned, there were over 34,000 applicants for just 151 units, highlighting the highly competitive nature of the market.
The government’s announcement to tighten homeowner participation beginning this May has intensified urgency for homebuyers. With the expected approval for housing subscriptions also rises the prospect of competition, similar to what transpired recently with another unit—'North Suwon Xi Lexbia,' which experienced over 164,000 applicants for only two available units this past March 4. Such high demand suggests optimism among future buyers, as they look to gain financial benefits when considering resale values.
Experts, including Park Ji-min from the Wol Yongcheongyak Research Institute, anticipate additional demand, noting, "Compared to 'North Suwon Xi Lexbia', the expected market profit is even greater, potentially attracting over 200,000 applicants for this upcoming subscription. Acknowledging the prices of nearby units like 'Nature & Hillstate', which trades around 1.5 billion won, Hillstate Gwanggyo likely also will exchange at higher rates, making it even more valuable. Potential ceilings between 1.7 to 1.8 billion won seem appropriate for this oncoming auction."
Considering the localized market dynamics, Saganshiyoko from the Korea Real Estate Board’s Subscription Home stated, “Our information network is indicating more than just standard traffic. This upcoming auction stands poised to capture the interest of first-time buyers eager to find affordable housing opportunities with solid revenue potential at play.”
With tight constraints on homeowner access looming, interested parties are racing against the clock to secure coveted opportunities—signifying just how competitive the real estate market has become. The premier selling subscription at Hillstate Gwanggyo symbolizes not just what’s available today, but also casts shadowy forecasts on tomorrow’s market, as potential buyers evaluate their next steps very carefully. Those prepared will undoubtedly be the most likely to succeed.