Transformation into a New Residential Town Connecting Banwoldang Station and Myeongdeok Station in Jung-gu Premium Area
Harrington Place Banwoldang Phase 2 Nearby, Redevelopment Projects in 5 Districts Also Underway
Jung-gu, Daegu, is a highly preferred residential area due to its advantageous location adjacent to the entire Daegu region and its abundant transportation and convenience facilities. In particular, Jung-gu has emerged as a value stock to replace Suseong-gu, which is the only speculative overheating district designated in Daegu, leading the Daegu subscription market and apartment price increases.
Among them, a redevelopment boom first occurred around Cheongra Hill Station on Line 2, centered on the Namsan and Daesin areas, forming a brand town that represents the Jung-gu premium. In fact, ‘e-Pyeonhansesang Namsan,’ which was sold for 407 million KRW (based on 84㎡ exclusive area) in 2018, was traded for 642 million KRW in April 2020 after move-in, rising by more than 200 million KRW. The pre-sale rights for ‘Namsan Lotte Castle Central Sky,’ sold for 479.1 million KRW (based on 84㎡ exclusive area) in 2018, were traded at a record high of 754.9 million KRW in August 2020. The subscription fever is also hot. This year, the unit with the highest subscription competition rate in Daegu was ‘Cheongra Hills Xi,’ sold in Namsan-dong, Jung-gu, recording an average of 141.4 to 1.
As the Namsan area around Cheongra Hill Station and Bangogae Station and the Daebong area around Geondeulbawi Station are filled with large-scale apartment complexes, recently, the new residential town line has been expanding around Banwoldang Station and Jungang-daero.
New constructions are underway around Namsan-dong, including Lotte Castle Central Sky, Seohan near Cheongra Hill Station, Namsan Xi Haneulchae, Cheongra Hills Xi, and in Daebong-dong, Daebong The Sharp Phase 1 and 2, and Daebong Seohan Forest. Including completed apartment complexes, a residential town of about 18,000 households is being formed.
Additionally, between Banwoldang Station and Myeongdeok Station, two redevelopment districts and three residential environment improvement projects are underway. Housing redevelopment projects are in progress in Myeongnyun District at Namsan-dong 437 and Daenam District at 257, and residential environment improvement projects are planned in the areas around Namsan-dong 732-1, Daebong-dong 590, and Daebong-dong 744, so the scale of the Banwoldang residential town is expected to grow steadily.
Amid this, the ‘Harrington Place Banwoldang Phase 2’ apartment, a landmark of the new Banwoldang residential town, with a maximum height of 44 floors, is about to be sold. ‘Harrington Place Banwoldang Phase 2’ will be built on Namsan-dong 603-4, Jung-gu, consisting of three buildings from basement level 4 to ground level 44, with 419 apartments in three types of 84㎡ and one type of 108㎡, and 74 residential officetels in two types of 84㎡, totaling 493 households.
The greatest advantage of this complex is that it offers the rare double transfer station area in Daegu. It is close to Banwoldang Station on Lines 1 and 2, and Myeongdeok Station on Lines 1 and 3, allowing quick access to anywhere in Daegu via Dalgubeol-daero and Jungang-daero, the east-west and north-south transportation axes of Daegu. It is convenient for living with abundant urban infrastructure such as Hyundai Department Store, Nammun Market, Dongsung-ro and Banwoldang commercial districts, various hospitals, and financial institutions. Myeongdeok Elementary School and Daegu Jeil Middle School are within walking distance for commuting, and prestigious schools such as Gyeongbuk Girls' High School and Kyungpook National University-affiliated elementary, middle, and high schools are located nearby.
‘Harrington Place Banwoldang Phase 2’ will be constructed as the tallest building in the vicinity at 44 floors, becoming a landmark that changes the Banwoldang skyline. Also, composed of medium to large-sized units of 84㎡ and 108㎡, it is expected to receive strong responses from demanders who have been waiting for medium to large-sized apartments in the downtown area.
The model house is located at 2547 Dalgubeol-daero, Suseong-gu (Manchon-dong), and is scheduled to open in October.
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