The Hillstate Guro Art Park offers special supply conditions and pricing for 2026, with units ranging from the high 700,000s to over $1 million USD. Located in Guro-gu, Seoul, this development targets specific buyer segments with its unique supply categories.
What are the eligibility requirements for Hillstate Guro Art Park's special supply?
Eligibility for the special supply at Hillstate Guro Art Park adheres to the standards for private housing special subscriptions in Korea. Requirements vary by category, including income, assets, and head-of-household status. Available categories include government recommendations, multi-child families, newlyweds, elderly parents support, and first-time homebuyers. The largest allocation, 85 units, is for newlyweds. First-time homebuyers are eligible for the 84A and 84B types, while the 101㎡ units are primarily for multi-child families and elderly parent support. A basic requirement for all is a subscription savings account (청약통장) held for at least 6 months, along with meeting regional deposit thresholds, though some exceptions may apply. It is crucial to re-verify individual eligibility through the official announcement.
What is the sale price for apartments at Guro Art Park?
The sale prices at Hillstate Guro Art Park vary by unit type, floor, and specific location within the building, with additional costs for balcony expansion and optional upgrades. For the 84㎡ type, prices range from approximately $550,000 to $650,000 USD for lower floors, $590,000 to $640,000 USD for mid-floors, and $620,000 to $660,000 USD for upper floors. The 101㎡ type starts around $690,000 USD for the 5th floor and can go up to approximately $810,000 USD for the 39th floor. The payment structure is 5% for the contract deposit, 60% for mid-term payments, and 35% for the balance. For the 84㎡ units, expect prices generally in the high $500,000s to $600,000s USD, requiring careful financial planning. The 101㎡ type often exceeds $700,000 USD, necessitating a thorough review of loan eligibility and cash flow.
What is the subscription schedule and method for Hillstate Guro Art Park?
The official announcement for Hillstate Guro Art Park is scheduled for May 6, 2026. Special supply applications will be accepted on May 18, 2026, followed by general supply applications on May 19 (1st priority) and May 20 (2nd priority). The winner announcement is set for May 28, 2026, with contract submissions from May 29 to June 2, and final contract signing from June 9 to June 11. Applications are primarily accepted online via the official subscription website (like 'Chungyak Home' in Korea). The model home is located at 1547-1 Guro-dong, Guro-gu, Seoul. This development is in a non-regulated area, on private land, and not subject to the pre-sale price cap. Therefore, there are no restrictions on re-applying for other properties and no mandatory residency period. However, a resale restriction of one year from the winner announcement date applies.
What are the important considerations when signing a contract for Guro Art Park apartments?
When signing a contract for Hillstate Guro Art Park, several key points require attention. This project is in a non-regulated area on private land, not subject to pre-sale price caps, meaning no re-application restrictions or mandatory residency periods. However, a resale restriction is in place for one year from the winner announcement date (May 28, 2026), prohibiting property resale during this period. Once selected as a winner, your subscription account cannot be reused for future applications, regardless of whether you sign the contract, so careful consideration is advised. Transactions over approximately $450,000 USD (600 million KRW) may be subject to source of funds investigations. It's crucial to manage contract deposit, mid-term payments, and final balance deadlines meticulously. Thoroughly assess your personal financial situation and loan eligibility beforehand. Always download and carefully review the official resident recruitment announcement for complete details.
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