Continued Strength of Small and Medium Apartments: 'Central Daewon Cantavil' Attracts Attention with All Units Composed of Small and Medium Sizes

- Continued Strength of Small to Medium-Sized Units Due to Household Composition Changes Centered on 1-2 Person Households
- Final Complexes Avoiding Resale Restrictions... Average Sale Price Noted at 14 Million KRW per 3.3㎡

The trend of increasing single- and two-person households is accelerating. This is due to the deepening individualism that prioritizes personal time over family, combined with employment difficulties and housing instability.

According to the Ministry of the Interior and Safety's announcement on the 8th, as of the end of June this year, the registered resident population was 51,839,408, a decrease of 10,453 compared to the end of December last year, but the number of households increased by 310,065. This is largely due to the rise in single- and two-person households. Analyzing by household size, single-person households accounted for 8.77 million (38.5%) and two-person households for 5.27 million (23.1%), making single- and two-person households 61.6% of all households.

In contrast, three-person and four-person households accounted for 17.6% and 15.8%, respectively, totaling 33.4%. Notably, the number of three-person households has surpassed that of four-person households, indicating a significant shift. Previously, two-child families were the most common household type, but now one-child families have become the norm.

This change in household composition is also evident in the real estate market. According to an analysis of transaction volumes by size from the Korea Real Estate Board, last month’s total transactions were 106,969, of which 94,740 were for small- to medium-sized units under 85㎡, accounting for 88.5% of all transactions. This clearly shows a strong preference for small- to medium-sized units due to the rise of single- and two-person households.

Furthermore, comparing the average sale price increase per 3.3㎡ of small-sized apartments (under 85㎡) and medium- to large-sized apartments (over 85㎡) in Seoul from the end of last December to July this year, small apartments showed a more pronounced price increase. Small apartments rose by 2.59 million KRW, a 9.13% increase, while medium- to large-sized apartments increased by 1.38 million KRW, or 4.39%, showing that the price increase rate for small- to medium-sized apartments is more than double.

In response to these household composition changes, construction companies are focusing on supplying small- to medium-sized units by downsizing from medium- to large-sized units, achieving good results. For example, ‘Godeok New City Jeil Punggyeongchae 3rd Centum’ in Pyeongtaek, Gyeonggi-do, which held its first priority subscription on the 15th, offered a total of 820 units exclusively in the 75~84㎡ small- to medium-sized range, recording a peak competition rate of 98.17 to 1 and successfully completing sales. Similarly, ‘The Sharp Suseong Laquer’ in Suseong-gu, Daegu, composed only of units sized 59~84㎡, recorded a highest competition rate of 424.5 to 1 and successfully closed its first priority subscription.

Meanwhile, Daewon Co., Ltd. is opening the Central Daewon Cantavil model house this month in Dongin-dong, Jung-gu, Daegu, and is starting full-scale sales.

Central Daewon Cantavil will be developed as a complex with four buildings (three apartment buildings and one officetel) on 64 lots including 77 Dongin-dong, Jung-gu. It consists of 410 apartments with a floor area of 84㎡ and 44 officetel units with floor areas of 58㎡ and 64㎡. The apartment units are divided into ▲84㎡ A with 246 units and ▲84㎡ B with 164 units, while the officetel units include ▲58㎡ with 22 units and ▲64㎡ with 22 units, all exclusively small- to medium-sized units.

Jung-gu, Daegu, where Central Daewon Cantavil will be located, boasts excellent transportation and living infrastructure and is currently undergoing active redevelopment and reconstruction projects. Moreover, Central Daewon Cantavil is situated in the very center of Jung-gu, boasting the best location conditions in the district.

Central Daewon Cantavil offers convenient transportation. It is a station-area apartment near Daegu Station and Chilseong Market Station on Daegu Subway Line 1. Additionally, KTX Dongdaegu Station and the complex transfer center are nearby, allowing easy use of public transportation. Taepyeong-ro, Sincheon-daero, and Dalgubeol-daero are also close, facilitating easy movement within Daegu city.

The living infrastructure is abundant. Lotte Department Store and Homeplus are located near the complex, and residents can also share the lifestyle zone with Dongseong-ro, Daegu’s largest downtown area. Schools such as Dongdeok Elementary, Dongin Elementary, Kyungmyung Girls’ Middle School, and Kyungmyung Girls’ High School are nearby, providing a good school district. Additionally, public offices like Jung-gu Office are located nearby for convenient use, and cultural facilities such as the Central Library and Daegu Opera House are close, allowing easy access to cultural life.

Not only the location but also the differentiated product features attract genuine buyers. The complex is designed as a 43-story high-rise with a high-quality exterior design, expected to become a landmark apartment representing Jung-gu. It offers panoramic views of Daegu and features a wide design with spacious kitchens, living rooms, and dressing rooms for comfortable living.

Furthermore, Central Daewon Cantavil is attracting attention as one of the last complexes to avoid resale restrictions on pre-sale rights. Amid ongoing government regulations, investors are seeking complexes that avoid resale restrictions, and Central Daewon Cantavil is expected to attract investment demand aiming to catch this ‘last train’ to avoid such restrictions.

A sales official stated, “As the trend toward smaller household sizes continues in Daegu and the popularity of small- to medium-sized units persists, Central Daewon Cantavil, composed entirely of small- to medium-sized units, is already receiving significant interest. Located in the very center of Jung-gu, it attracts substantial genuine demand, and investment demand aiming to catch the last chance before resale restrictions are enforced is also increasing, leading to continuous inquiries.”

Meanwhile, Daewon Co., Ltd., the builder of Central Daewon Cantavil, ranked 69th in this year’s national construction company construction capacity evaluation. It is a well-verified brand, having successfully sold projects such as ‘Sachang-dong Daewon Cantavil’ and ‘Dongnam District Daewon Cantavil The Terrace’ in the Cheongju area. To date, it has supplied over 32,000 households nationwide and continues active progress, including successfully acquiring the Osan Segyo 2 District multi-family housing site.

The sale price of Central Daewon Cantavil is set at an affordable average of around 14 million KRW per 3.3㎡ compared to nearby market prices, with the model house opening on the 23rd and full-scale sales commencing.

The Central Daewon Cantavil model house is located at 389-4 Hyomok-dong, Dong-gu, Daegu.