Simultaneous Sale of 3 Complexes in Susaek·Jeungsan New Town... So! How About This Apartment?

GS Construction Simultaneous Sale on 13th
Price per 3.3㎡: 19.92 Million KRW
Mid-term Loan Available Under 900 Million KRW

Central Xi with Good Transportation
Fine City Xi Adjacent to Sangam District
Art Foret Xi Has Many Royal Floors

[Asia Economy Reporter Donghyun Choi] Interest is growing among actual buyers as three Xi apartment complexes, totaling about 3,300 households, are simultaneously being offered for sale in Susaek and Jeungsan New Towns in Eunpyeong-gu, northwest Seoul, which is emerging as a new residential area. In particular, since the announcement dates for the winners of these three complexes are the same, making duplicate applications impossible, preferences for the complexes are expected to be clearly revealed based on location and investment value.

According to the industry on the 4th, GS Construction will begin the official sales schedule starting with special supply for DMC Central Xi in Jeungsan 2 District, DMC Fine City Xi in Susaek 6 District, and DMC Art Foret Xi in Susaek 7 District in Eunpyeong-gu on the 13th. All three complexes applied for the resident recruitment announcement before the private land price ceiling system was implemented on the 29th of last month.

The scale of each complex is ▲DMC Central Xi: 14 buildings, 1,388 households (463 for general sale) ▲DMC Fine City: 15 buildings, 1,223 households (453 for general sale) ▲DMC Art Foret Xi: 8 buildings, 672 households (307 for general sale). All three complexes have no units exceeding 85㎡ (exclusive area) supplied by lottery, so all winners are determined by the point system. The average general sale price per 3.3㎡ is 19.92 million KRW, identical for all.

Transportation conditions are evaluated to be best at DMC Central Xi. It is a triple station area within 150 meters in a straight line from Digital Media City Station, where Line 6, Airport Railroad, and Gyeongui-Jungang Line intersect. It faces Gajaeul New Town across Bulgwangcheon Stream in front of the complex. The sale price for 84㎡ ranges from a minimum of 625 million KRW to a maximum of 734 million KRW. The sale price for the minimum area of 55㎡ is in the low 400 million KRW range.

DMC Fine City Xi is located on the main road closest to Susaek Station on the Gyeongui-Jungang Line. Among the three complexes, it is closest to the Sangam living area and has easy access to Hangang Park. Susaek Elementary School is adjacent to the complex. The sale price for 84㎡ ranges from 635 million KRW to 728 million KRW, and for 59㎡, it ranges from 441 million KRW to 526 million KRW.

In the case of DMC Art Foret Xi, although the location is inferior compared to the other two complexes, the advantage is a higher probability of winning a royal floor unit. This is because nearly half of the total construction volume is offered for general sale. Among the 307 general sale households, 155 are small-sized 59㎡ units, which are expected to be preferred by single-person households or newlyweds. It is adjacent to Susaek Elementary School, providing a good educational environment. The sale price for 84㎡ ranges from 605 million KRW to 707 million KRW. The 59㎡ units are priced between 457 million KRW and 527 million KRW.

The advantage of the three complexes supplied this time is the abundant surrounding development benefits. Currently, the 'Susaek Station Area Development Project' is underway to develop a 320,000㎡ site from Digital Media City Station to Susaek Bridge into commercial, cultural, and office facilities. Once completed, accessibility to Sangam-dong, which was previously cut off by the railway, is expected to improve significantly. The Susaek Substation, which was a facility residents avoided, is planned to be undergrounded, and office, cultural, and sports facilities are planned to be built on the ground site.

The prices of nearby newly built apartments are also steadily rising. The 59㎡ unit of 'DMC Lotte Castle The First (Susaek 4 District)', which moved in last June, was traded at 950 million KRW on June 27, approaching the 1 billion KRW mark. The 84㎡ sale rights are priced in the 1.2 billion KRW range. Accordingly, local real estate agencies predict that winners can expect a price difference of around 500 million KRW. A representative from A Real Estate in Jeungsan-dong said, "Along with various development benefits, price competition among new complexes is fierce."

All three Xi complexes will receive special supply applications on the 13th, followed by first-priority applications for Seoul residents on the 14th. It should be noted that duplicate applications are impossible as the announcement date for winners is the same on the 26th. Since the sale price is all below 900 million KRW, interim payment loans are available.