Pyeongtaek City in Gyeonggi Province, a new growth economic city in the southern metropolitan area, is emerging as a self-sufficient city with the world’s largest Samsung Semiconductor campus and Brain City, a hub of the 4th industrial revolution.
As of 2019, the fixed population exceeded 500,000, showing steady growth, and with various large-scale favorable developments, housing demand has significantly increased, leading to a rapid resolution of unsold housing units.
In particular, Pyeongtaek is on the verge of opening the era of Camp Humphreys (K-6), the world’s largest single U.S. military base, which is 5.4 times the size of Yeouido. The Yongsan U.S. military base is scheduled to relocate to Pyeongtaek by 2021, and it is estimated that about 80,000 U.S. military personnel will generate housing demand at Camp Humphreys.
As a result, there is growing interest in rental housing facilities for U.S. military personnel, and the first exclusive rental apartments for U.S. military and civilian employees have been introduced, emerging as a blue chip in the real estate market, where regulations are continuing mainly in the housing sector.
The protagonist is “Woomee Humphreys Foret Pyeongtaek Station,” located in the Songhwa Gate urban development site. Woomee Humphreys Foret Pyeongtaek Station, located at 116-1 Songhwa-ri, Paengseong-eup, Pyeongtaek-si, Gyeonggi-do, is a revenue-generating rental apartment that can be converted to sale at the initial price after 10 years or have the lease extended, allowing residents to enjoy housing, guaranteed rental income, and premium formation, attracting much attention.
Anyone aged 19 or older can apply without using a subscription savings account, minimizing the burden, and it is not counted as a second home for one household, exempt from acquisition tax, property tax, and capital gains tax, while ownership by homeowners is allowed. Moreover, it is highly praised for its supply price in the 9 million KRW range (based on the 2nd floor), which is cheaper than market prices.
Woomee Humphreys Foret Pyeongtaek Station, located about a 6-minute walk (approximately 600m) from Camp Humphreys, is planned to have a total of 704 households (including phases 1 and 2) in a building ranging from basement level 1 to 15 floors above ground, consisting of three large housing types based on exclusive area: △170.10㎡ (51 pyong) type △176.32㎡ (53 pyong) B type △177.18㎡ (53 pyong) A type.
According to the plan for the completion of the U.S. military relocation under the Status of Forces Agreement (SOFA), the demand for housing by U.S. military personnel seeking homes is increasing significantly, while housing supply is insufficient, making it possible to secure stable rental demand.
Especially, with limited apartment supply around Camp Humphreys and low preference for officetels among U.S. military personnel, the housing shortage is expected to worsen. Therefore, large apartments like Woomee Humphreys Foret Pyeongtaek Station are said to have even greater scarcity value, according to local real estate agents.
Woomee Humphreys Foret Pyeongtaek Station enables stable rental business based on guaranteed rent (U.S. military rental price) as rent is paid by the U.S. military housing office, and the backing of about 80,000 housing demand and Pyeongtaek’s great future value is expected to lead to early sell-out.
Enjoying the prime central location with Anjung Station (15 minutes), Jije Station (10 minutes), and Pyeongtaek Station on Line 1 (5 minutes), Woomee Humphreys Foret Pyeongtaek Station connects the north-south metropolitan transportation network via Pyeongtaek Station (Gyeongbu Line), and from Jije Station (SRT, KTX), it is possible to reach Gangnam Suseo Station within 20 minutes. The Seohae Line double-track high-speed railway connecting to Yeouido via Anjung Station and the Poseung-Pyeongtaek railway are also scheduled to open in 2022.
Additionally, the road network is fully established with Pyeongtaek-Jecheon Expressway, Gyeongbu Expressway, National Route 1, National Route 45, Local Road 317, and the Bus Rapid Transit (BRT) connecting inside and outside Pyeongtaek, providing excellent accessibility.
The complex forms a perfect mall zone with AK Department Store 5 minutes away, E-Mart 10 minutes away, and Anseong Starfield (opening in July) 15 minutes away, and is adjacent to various living facilities such as Pyeongtaek City Hall and Good Morning General Hospital, allowing residents to enjoy a convenient daily life. It is also just 15 minutes from the world’s largest Pyeongtaek Samsung Semiconductor and LG Digital Park Jinwi Industrial Complex, and Namsan Park, which offers greenery and reduces fine dust concerns, is nearby, providing urban healing. Furthermore, a 25,000-pyeong green space pine forest is planned.
Woomee Humphreys Foret Pyeongtaek Station creates a complex where rest, exercise, nature, and culture harmonize. It enhances living convenience and apartment quality with rational space design, family-tailored layouts, elegant exterior, and a complex design embracing nature.
The interior features modern interiors and efficient space planning, and high-quality community facilities tailored to the lifestyle patterns of U.S. military personnel are planned. Facilities include daycare centers, senior centers, spa, toddler pools, Hanok guesthouse, pet park (including pet shower), camping/barbecue banquet hall, sunken garden, business center, water play area, sun tanning deck, drop zone (shuttle bus boarding and alighting area), indoor golf practice range, and fitness center.
Reflecting the jogging lifestyle of U.S. military personnel, a 1.3 km walking and jogging trail is created within the park-embraced complex, and a spacious lawn plaza allows for barbecue parties anytime. A pet-exclusive park with shower facilities and clean waste boxes is provided, and a camping deck that preserves the charm of nature offers comfort as if being in the forest. Additionally, considering American party culture, a modern-style banquet hall (party room) is also included.
A sales official stated, “Woomee Humphreys Foret, located in front of the Camp Humphreys gate, combines convenience and security, and the shuttle bus service for families to use military internal facilities and other manuals required by the housing office are fully applied, creating an optimized complex for U.S. military personnel and civilian employees,” adding, “It will be a product that offers continuous premium now, in the next 10 years, and even 10 years later.”
The Woomee Humphreys Foret Pyeongtaek Station showroom is operating at 1720-8 Seocho-dong, Seocho-gu, Seoul, and related information and inquiries can be made through the website and main phone number.
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