- ‘Pyeongchon Doosan We've The Prime’ Priced 200-300 Million KRW Lower Than Nearby Market Attracts Buyers
- Special Supply on 13th, 1st Priority (Eligible/Others) on 14th-15th, 2nd Priority Subscription on 16th
Recently, as housing prices have surged sharply, complexes offered at reasonable prices have been attracting attention. The ‘Pyeongchon Doosan We’ve The Prime’ by Doosan Construction, which recently launched its sales, is a prime example.
‘Pyeongchon Doosan We’ve The Prime,’ which had its grand opening on the 2nd, is priced reasonably at about 200 to 300 million KRW lower than nearby market prices. The sale prices for ‘Pyeongchon Doosan We’ve The Prime’ vary by building and unit number: △ Type 49 ranges from 552.8 million to 598.3 million KRW △ Type 59 ranges from 620.1 million to 687.7 million KRW △ Type 84 ranges from 822.3 million to 888.4 million KRW.
A real estate industry insider stated, “As raw material costs and land prices continue to rise, future sale prices are highly likely to increase. Even if existing housing prices stagnate, the sale prices of newly supplied complexes will keep rising, so targeting ‘Pyeongchon Doosan We’ve The Prime,’ which is priced reasonably, is a good strategy.”
According to the real estate industry, the average sale price per 3.3㎡ for apartments in the metropolitan area in the first half of this year was 16.45 million KRW. This is the highest since the first half of 2020 (16.47 million KRW). During the same period, the average sale price per 3.3㎡ in regions outside the metropolitan area rose to 13.39 million KRW, marking the highest level since statistics began in 2000.
This outcome is interpreted as having been significantly influenced by the rise in construction raw material prices such as cement and aggregates, labor costs, and land prices, which are components of housing costs, leading to an increase in sale prices of new complexes. Cement prices increased by 5.1% in July last year, rose about 15% earlier this year, and increased again by approximately 11?15% in September. Additionally, according to the Korea Real Estate Board, the nationwide land price index in June was 107.49, up 4.18% from 103.31 the previous year.
Meanwhile, ‘Pyeongchon Doosan We’ve The Prime’ is located in Hogye-dong, Anyang-si, Gyeonggi-do, consisting of 6 buildings from 2 basement floors to 32 floors above ground, with a total of 456 units ranging from 49 to 84㎡ in exclusive area, of which 178 units are available for general sale.
The sales schedule for ‘Pyeongchon Doosan We’ve The Prime’ starts with special supply on the 13th, followed by first-priority subscription applications for designated and other regions on the 14th and 15th, respectively, and second-priority subscription applications on the 16th. The announcement of winners will be on the 22nd, and the official contract signing will take place over three days starting October 4th.
‘Pyeongchon Doosan We’ve The Prime’ is currently operating a model house.
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