As demand for exclusive area 84㎡ units increases in the real estate market, it has even secured the title of the "national standard size."
Experts attribute the establishment of the exclusive 84㎡ type as the national standard size to the fact that most apartment end-users are 30-40-year-olds living with children, typically 3-4 person households. Additionally, when specialized designs such as balcony expansions, dressing rooms, or alpha rooms are applied to the exclusive 84㎡ type, the actual usable area becomes as spacious as that of larger types, which is also cited as a factor for its popularity.
Looking at the actual sales market, the exclusive 84㎡ type is achieving excellent results. Up to August this year, a total of 49,447 units of the exclusive 84㎡ type were supplied nationwide for general sale, and 426,561 first-priority subscription applications were received, recording a competition rate of 8.62 to 1.
Among these, the ‘e-Pyeonhansesang Siheung Janghyeon First Venue’ in Janghyeon District, Siheung City, Gyeonggi Province, which was supplied in May this year with a single exclusive 84㎡ configuration, made headlines by recording an average competition rate of 190 to 1 in the first-priority subscription. In August, the ‘Hillstate Wolsan’ in Nam-gu, Gwangju, which received subscriptions for exclusive 49~84㎡ units, recorded an average first-priority competition rate of 6.37 to 1, with the exclusive 84㎡B type achieving the highest competition rate of 8.04 to 1.
In terms of price increase rates, medium-sized apartments including the exclusive 84㎡ have recorded higher figures compared to small and large apartments. According to the monthly apartment sale price index by area from KB Housing Price Trends (as of August 2022), the price of medium-sized apartments nationwide with exclusive areas between 62.8㎡ and less than 95.9㎡ rose by 29% compared to the same month two years ago. In contrast, small apartments under 40㎡ increased by 25.2%, and large apartments over 135㎡ rose by 26.7%.
An industry insider said, “Recently built apartments with exclusive 84㎡ types are designed to be similar to large types in terms of space utilization and openness, but are more reasonably priced, making them highly preferred among end-users. Due to high demand and active transactions, investor interest remains steady.”
Meanwhile, Kumho Construction’s ‘Yangsan Kumho Richensia Signature,’ currently being supplied in Yangsan City, Gyeongnam Province, also applies various floor plans such as slab-type and tower-type in a single exclusive 84㎡ area configuration.
The complex is currently undergoing official contracts, and the industry expects the contracts to proceed successfully as it boasts both high-quality product features and a solid location.
In particular, the exclusive 84㎡A type, which recorded the highest competition rate, applies a 4Bay slab-type design that offers high circulation efficiency and excellent openness, receiving favorable reviews from end-users immediately after the sale. Additionally, depending on the type, luxurious yet practical designs and interiors such as premium bathrooms, large pantry rooms, and high ceilings have been applied to enhance residential quality.
Furthermore, as the tallest residential-commercial complex in Yangsan with 44 floors above ground, it secures a differentiated exterior design and unobstructed views. The complex includes various community facilities such as a fitness center, indoor golf practice range, GX room, multi-lounge, multi-room, and business center, enhancing residential convenience.
The location conditions are also excellent. It is a transfer ultra-station area complex where Yangsan Line and Busan Metro Line 2 can be accessed in one step, offering excellent accessibility to nearby areas such as Yangsan and Busan, and is close to Namyangsan IC, which connects to the Gyeongbu Expressway and the Jungang Expressway branch.
Residential conditions such as education, nature, and lifestyle are well established. Based on prestigious school districts including Yangju Elementary, Yangsan Girls’ Middle School, Yangsan Girls’ High School, and Yangsan Jeil High School, the educational environment is excellent. It boasts a pleasant residential environment with abundant nature such as Yangsancheon and Yangsancheon Riverside Park, Chunchoo Park, and Yangsan Water Park. Various infrastructures such as Nambu Traditional Market, E-Mart, Yangsan City Hall Second Office, and Ulsan District Court Yangsan Branch are also well established.
Meanwhile, Yangsan Kumho Richensia Signature is located in Jungbu-dong, Yangsan City, Gyeongsangnam-do, consisting of two buildings with 4 basement floors and 44 floors above ground, totaling 237 units of exclusive 84㎡ area. Official contracts are being conducted until September 28.
‘Yangsan Kumho Richensia Signature’ is currently operating a model house.
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