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Namkwang To-gun's 'Yeokgok District Houstory' new town housing sells out 570 units with 9.8:1 average competition
🇰🇷 South Korea /Economy & Trade

Namkwang To-gun's 'Yeokgok District Houstory' new town housing sells out 570 units with 9.8:1 average competition

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • Namkwang To-gun's 'Yeokgok District Houstory' new town housing project in Bucheon sold out all 570 units.
  • The project, located in the Bucheon Yeokgok Public Housing District, recorded an average competition rate of 9.8 to 1 for its main subscription.
  • The development consists of 1,464 units in total, with the new town housing specifically targeting newlyweds.

Namkwang To-gun announced on July 24 that its 'Yeokgok District Houstory' new town housing project, located in the Bucheon Yeokgok Public Housing District A-2 block in Gyeonggi Province, has successfully sold out all 570 units during its main subscription period.

The project achieved an average competition rate of 9.8 to 1 across all unit types, indicating strong demand for the housing. 'Yeokgok District Houstory' is a large-scale development planned for the Bucheon Yeokgok Public Housing District, featuring a structure of one basement level, two deck levels, and up to 25 stories above ground, totaling 1,464 units.

The new town housing, specifically designed for newlyweds, is a key component of the public housing initiative. The successful subscription underscores the appeal of the location and the housing type for young couples seeking to establish a home.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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