Privately Rentable Apartment 'Wonju Donggwang Viewwell Lakefore'

High Future Value and Excellent Marketability Draw Real Demand Attention to Private Rental Apartments Popularity

Amid the recent surge in popularity of private rental apartments in the real estate market, the 10-year lease-type private rental apartment ‘Wonju Donggwang Viewwell Lakeforet,’ set to be launched in Taejang-dong, Wonju-si, Gangwon-do this March, is scheduled for supply.

Wonju Donggwang Viewwell Lakeforet is a 10-year lease-type rental apartment where residents can live as if it were their own home for up to 10 years by paying only the rental deposit. It offers high stability as the Korea Housing & Urban Guarantee Corporation (HUG) provides guarantees on the rental deposit, and there is a 5% annual cap on rent increases, alleviating concerns about sharp rises in lease prices. In particular, at Wonju Donggwang Viewwell Lakeforet, the leasehold rights can be freely traded, allowing for potential premium formation.

Some private rental apartments with these advantages have recorded subscription competition rates in the triple digits, and high premiums have been formed on leasehold rights. For example, in January this year, ‘The Sharp Primo’ in Gwangyang-si, Jeollanam-do, which recruited tenants, recorded an average competition rate of 117 to 1 and a peak of 715 to 1.

Another advantage is the lower subscription threshold compared to general sale apartments. Anyone aged 19 or older can apply regardless of income level, home ownership, subscription savings account status, or winning history. Additionally, these apartments are not counted toward the number of homes owned, allowing applicants to maintain qualifications as either non-homeowners or single-homeowners, and they are free from regulations such as re-winning restrictions. Furthermore, there is no tax burden such as acquisition tax, property tax, or comprehensive real estate tax, and homeowners are not subject to increased taxes like capital gains tax.

An industry insider said, “Private rental apartments are attracting attention not only from actual users but also investors because of fewer subscription restrictions and the ability to trade leasehold rights,” adding, “In the case of Wonju Donggwang Viewwell Lakeforet, it is highly valued for both actual residence and investment value as it allows stable living without rapid increases in lease deposits for 10 years and permits leasehold rights trading.”

Another strength of Wonju Donggwang Viewwell Lakeforet is its excellent design comparable to general sale apartments. The complex is arranged mainly facing south for good sunlight, and a car-free park-style design is applied on the ground, creating a safer and more pleasant environment. Themed landscaping spaces reflecting the four seasons are provided, along with various community facilities tailored to all ages and preferences, such as fitness centers, golf practice ranges, Moms Station, and senior centers, enhancing residential satisfaction.

Inside the units, all are composed of a single exclusive area of 84㎡, known as the national standard size, with various floor plans such as slab-type and tower-type to suit residents’ preferences. Especially, storage spaces like dressing rooms and pantries maximize space utilization, making them more suitable for actual living.

Moreover, residents can enjoy convenient living based on solid residential infrastructure. The complex is about a 5-minute drive from Wonju IC, and is well connected by extensive road networks including Yeongdong Expressway, Jungang Expressway, and Gwangju-Wonju Expressway, as well as public transportation such as Wonju Station and Wonju Express Bus Terminal.

Additionally, Taejang Elementary School is just a 2-minute walk away, and childcare facilities and care centers are being established within the complex, making it excellent for raising children. Furthermore, development benefits such as Jeongjitteul Lake Park and Camp Long Cultural and Sports Park are ongoing, expected to improve the living environment.

Meanwhile, Wonju Donggwang Viewwell Lakeforet is located in the Taejang-dong area of Wonju-si, Gangwon-do, consisting of 6 buildings from 3 basement floors to 28 above-ground floors, with a total of 604 units of exclusive 84㎡ types A, B, and C.

The ‘Wonju Donggwang Viewwell Lakeforet’ sales office is scheduled to open in March.