Recently, ‘Yangju Okjeong New Town Daesung Verhill’ successfully completed its subscription with favorable results, drawing significant attention to the real estate market value in Yangju, including Okjeong New Town.
According to the Korea Real Estate Board, the subscription for ‘Yangju Okjeong New Town Daesung Verhill’ held from the 2nd to 3rd (Tuesday to Wednesday) attracted a total of 2,075 applications for 750 units excluding special supply, resulting in an average competition rate of 2.76 to 1, with all types closing within the subscription ranking. In particular, the 104㎡ exclusive type in the 2nd priority miscellaneous area recorded the highest competition rate of 20.5 to 1, and the other types also achieved good results, successfully closing within the subscription ranking.
The successful subscription of ‘Yangju Okjeong New Town Daesung Verhill’ is expected to further raise expectations for the Yangju area. Previously, complexes supplied in Yangju, including Okjeong New Town and Hoecheon District, also closed with high competition rates, proving the popularity of the Yangju area, and this value has been reaffirmed once again with ‘Yangju Okjeong New Town Daesung Verhill’.
A real estate official stated, “In the case of Yangju, areas such as Okjeong New Town are gaining attention as representative emerging residential centers in the northern metropolitan area,” adding, “The good results of recently supplied new complexes can be analyzed as a result of demand not only from buyers in Yangju and nearby areas but also from metropolitan demanders who have taken notice of the future value of this area. Once the development of each housing district is completed, the value is expected to rise significantly again.”
Amid the growing attention to the Yangju area, Okjeong New Town is considered one of the most anticipated regions within Yangju due to various development benefits. First, the extension of Line 7, which officially accelerated its project speed with a groundbreaking ceremony in December last year, is a representative example. This project connects Dobongsan Station to Okjeong Station (planned), allowing access to Seoul within three stops from Okjeong Station. Especially, since Line 7 directly connects to Gangnam, it is attracting much anticipation. Among them, ‘Yangju Okjeong New Town Daesung Verhill’ is the complex closest to Okjeong Station within Okjeong New Town, expected to directly benefit from this. Additionally, with the upcoming opening of the GTX C line, using Deokjeong Station will allow reaching Samsung Station in 23 minutes, further enhancing Seoul accessibility.
Various living infrastructures also enhance the area's value. Near ‘Yangju Okjeong New Town Daesung Verhill,’ there are neighborhood parks to the south of the complex, Hanaro Mart, Deokjeong E-Mart, government offices, and large medical facilities (planned). Within the central commercial district, large marts (planned) and department stores (planned) and various convenience facilities are well established.
The educational environment is also excellent. In the A17-1 block where ‘Yangju Okjeong New Town Daesung Verhill’ is located, new elementary and middle schools are planned within walking distance, providing safe commuting conditions. Nearby are Yangju Kindergarten, Okjeong Elementary and Middle Schools, Cheonbo Elementary, Okbit Elementary, and Okjeong 1 High School (scheduled to open in March 2021). With increased awareness of safety accidents on the way to and from school following the enactment of the ‘Min-sik Act,’ the value of the Okjeong New Town area, where schools are concentrated, is especially attracting attention from parents.
A sales representative for ‘Yangju Okjeong New Town Daesung Verhill’ said, “As the value of the Yangju area centered on Okjeong New Town is highly evaluated, we were able to achieve good results in this subscription as well,” adding, “With various development benefits progressing one after another, the regional value of Okjeong New Town is expected to steadily rise for the time being.”
Meanwhile, the winners of ‘Yangju Okjeong New Town Daesung Verhill’ are scheduled to be announced on the 10th (Wednesday), with official contracts planned from the 22nd to 24th (Monday to Wednesday).
To prevent the spread of COVID-19 infections, the model house for ‘Yangju Okjeong New Town Daesung Verhill’ operates on a reservation-only basis, and reservations can be made through the website. The model house is located at 110-14, Yangju-si, Gyeonggi-do (near Okjeong Central Park).
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