Celebrating its 42nd anniversary this year, Jeil Construction Co., Ltd. announced its ambition to make 2021 a year of re-evaluating the brand value of Jeil Punggyeongchae through its scheduled supply projects within the year, following the successful sales performance of its first Seoul supply of the year, ‘Godeok Gangil Jeil Punggyeongchae’.
Jeil Construction Co., Ltd., which started its housing business based in the Honam region, has been actively working to improve residential culture with the corporate catchphrase ‘Good Quality, Good Price,’ aiming to provide good products at reasonable prices. Leveraging its abundant human resources, the company has successfully promoted intelligent buildings equipped with ultra-high-speed communication networks, commercial facilities, public facilities, hotels/condos, plants, and distribution facilities, achieving comprehensive results in construction and civil engineering projects.
In particular, the apartment brand ‘Punggyeongchae,’ meaning ‘a home with a beautiful view,’ combines Jeil Construction Co., Ltd.’s rich construction experience with excellent design and construction capabilities. The company has devoted efforts to creating a pleasant residential environment where residents can recharge and rejuvenate, winning the Prime Minister’s Award for livable apartments three times. Last year, it also secured an AA credit rating, solidifying its foundation as a prestigious construction company.
Recent Sales Closures at All Project Sites
Jeil Construction Co., Ltd.’s Jeil Punggyeongchae has achieved excellent subscription results nationwide, including in its base region of Gwangju Metropolitan City, thanks to outstanding product quality and solid demand. According to the Korea Real Estate Agency’s subscription homepage, Jeil Punggyeongchae has supplied a total of 13,400 households across 15 projects over the past three years, with all complexes closing within the subscription ranks, demonstrating a strong popularity trend.
In fact, the first Seoul supply of the year by Jeil Construction Co., Ltd., ‘Godeok Gangil Jeil Punggyeongchae,’ attracted a total of 73,769 applicants for 491 households (excluding special supply), recording an average competition rate of 150.2 to 1. Including the approximately 21,000 applicants from the prior special supply, nearly 100,000 subscription accounts were gathered.
The rise in apartment sale prices also draws attention. The company’s first Seoul project, Hangdong Jeil Punggyeongchae Forest, saw its sale price soar to 700 million KRW (84㎡) as of July, according to the Ministry of Land, Infrastructure and Transport’s actual transaction prices, after residents moved in March of the same year, resulting in a premium exceeding 100 million KRW. This type was initially supplied in the mid-400 million KRW range at the time of its 2017 sale.
Meanwhile, following the subscription schedule for ‘Gyeongsan Hayang Jeil Punggyeongchae,’ Jeil Construction Co., Ltd. plans to supply in the metropolitan area including Incheon, Paju, Pyeongtaek, and Hwaseong, as well as continue new supplies of over 10,000 households nationwide, including local projects in Jeonnam, Gwangju, and Gangwon.
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