DK Asia said on the 9th that it will sell 197 homes out of 2,379 in phase 1 of Geomam Station Royal Park City Prugio on the 19th.
Geomam Station Royal Park City Prugio drew more than 87,000 applications at the time of its 2020 sale, recording Incheon's highest competition rate of 94 to 1. The complex operates and provides premium residential services on par with a six-star hotel and resort.
The number of homes by exclusive area is ▲ 59㎡A, 81 homes ▲ 59㎡B, 15 homes ▲ 74㎡B, 14 homes ▲ 84㎡A, 63 homes ▲ 84㎡B, 19 homes ▲ 152㎡, 5 homes.
The biggest feature of this offering is the price, set dramatically lower than nearby areas. The average price per 3.3㎡ is in the 18 million won range. Considering that recent new projects in Incheon are being offered in the 26 million to 28 million won range per 3.3㎡, the real estate industry says buyers can expect a substantial price gain upon contract. Because this is a post-sale after pre-construction model in which all construction is finished before sales, immediate move-in after signing is also one of the advantages.
By exclusive area, prices are in the 400 million won range for 59㎡ and in the 500 million won range for 84㎡. Forena The Sharp Incheon City Hall Station, sold in Feb., set the price for its 59㎡ at 744.4 million won. Considering that a 84㎡ at Geomdan New Town Umi-Lynn The Signature was also a transaction at 805 million won in the same period, Geomam Station Royal Park City Prugio is analyzed to yield at least a 200 million won price gain. In nearby Cheongna, the price for a 119㎡ residential officetel at Cheongna Peak One Prugio is over 1 billion won.
Anyone age 19 or older residing in Korea as of the tenant recruitment announcement date can apply nationwide without a subscription account. Applications will be accepted for one day on the 19th. Winners will be announced on the 20th of this month, and contracts will be concluded over three days from the 21st to the 23rd.
A promotion hall is set to open on the 10th, and in addition to tours of high-end community facilities such as a six-star hotel-level swimming pool, golf practice range, and fitness center, a landscaping tour program via the Royal Train will also be offered.
Sample houses by type will also be open so prospective applicants can carefully inspect not only the exterior of the complex but also the units themselves before applying. The designated move-in period runs through Nov. 30.
Only for the 197 contract holders in this round, a premium boarding benefit will be provided to use a 55-seater (66 ft) power catamaran yacht—the largest in Korea—free of charge for three years.