Private Rental Housing Market Booms Amid Regulatory Tightening... 'Daejeon Dongil Suite Reverse Sky 2nd Complex' for Sale

10-year private rental housing, which is highly popular nationwide among actual users, is gaining attention. As housing prices soar and subscription competition rates skyrocket due to regulations affecting Seoul, the metropolitan area, and other major cities, demanders are gradually seeking alternatives.

While some are favoring residential officetels or urban lifestyle housing, which are relatively less affected by regulations, recently launched private rental housing projects have received enthusiastic responses from demanders, causing a rush to close out.

Private rental housing offers various benefits aligned with policies to supply housing to the middle class and stabilize housing prices, significantly reducing the burden on demanders. First, residents can live at reasonable rents compared to the market for 10 years, and after 10 years, there is the advantage of conversion to ownership, allowing them to live as if in their own home.

Additionally, subscription qualifications are less stringent compared to general housing. No subscription savings account is required, ownership of other housing is irrelevant, and anyone aged 19 or older can apply regardless of their residential area. Furthermore, there are no resale restrictions, making it a highly attractive investment product.

In fact, private rental apartments supplied this year recorded competition rates in the triple digits, gaining more popularity than last year. From May 28 to 31, Moonjang Construction’s ‘Anjung Station GNHaim Stay’ conducted online pre-subscription, receiving a total of 238,804 applications over three days for 834 units, resulting in a competition rate of 286 to 1. Earlier, Moa Construction Industry Co., Ltd. and Hyerim Construction’s ‘Shin Asan Moa Elga Vista Phase 2’ in Asan, Chungnam, recorded an average competition rate of 186.73 to 1. The success of these complexes is notable as they are located in provincial cities rather than the metropolitan area or major cities, indicating that this phenomenon is spreading nationwide, including provincial cities, not limited to the metropolitan area or major cities.

Real estate experts commented on these subscription results, stating, “Due to repeated regulations and the burden of securing housing, the explosive demand concentration for private rental housing is expected to continue for some time,” adding, “Moreover, with the added burden of loans, the paradigm of home ownership is changing.”

Meanwhile, Dongil Suite Co., Ltd. announced that it will supply the private rental apartment ‘Dongil Suite Reverse Sky Phase 2’ in Daedeok-gu, Daejeon Metropolitan City, in July, attracting concentrated interest from demanders and investors not only in Sintanjin-dong but also nearby areas.

The rental apartment ‘Dongil Suite Reverse Sky Phase 2’ allows residents to live as if in their own home for 10 years without various taxes such as acquisition tax and property tax, and rent increases are limited to within 5% over two years. The rental deposit is secured by the Housing and Urban Guarantee Corporation (HUG) guarantee insurance, ensuring stability and excellent future investment potential.

The complex will be developed with 6 buildings ranging from 2 basement floors to a maximum of 38 floors above ground, with a total of 655 households and exclusive areas ranging from 77 to 84 square meters. By exclusive area, there will be ▲157 units of 77㎡B ▲441 units of 84㎡A ▲57 units of 84㎡B.

Dongil Suite Reverse Sky Phase 2 boasts excellent educational environments and green infrastructure. It is a school district complex located within a 3-minute walk from Yongjeong Elementary School and its attached kindergarten, and nearby there are one middle school and two high schools, providing a safe educational environment.

Additionally, it borders the Geum River, offering views of the Geum River (except for some units), and is adjacent to Geumgang Lohas Sanhobit Park, Geumgang Lohas Eco Park, and the Geum River bicycle road, making it a healing apartment where residents can enjoy nature within the city.

Convenient transportation is another strength. It boasts a rapid and accessible transportation network allowing travel to Sejong City and the integrated Cheongju City within 20 minutes. It is close to the Gyeongbu Expressway Sintanjin IC, Sintanjin-Munui Road, the planned Sintanjin-Wadong Road, the planned extension of Gapcheon Urban Expressway, and the Daejeon-Sejong Road, making access easy. Furthermore, once the Gyeongbu Line Sintanjin Station and Daejeon Metro Line 3 (Chungcheong Regional Rail Phase 1 planned) open, accessibility to Daejeon downtown, Sejong, and the Chungcheong region will greatly improve.

Moreover, convenience facilities, cultural facilities, and administrative offices such as Daejeon Veterans Hospital, Hyundai Outlet, Sintanjin Post Office, and Daedeok Cultural and Sports Center are located nearby, allowing easy access to these amenities.

Meanwhile, the model house for Dongil Suite Reverse Sky Phase 2 is located in Daedeok-gu, Daejeon Metropolitan City.