- Attention on Apartments Subject to Price Ceiling Amid Growing Homeownership Burden... Reasonable Prices Compared to Market Value
- 'Yuseung Hanneul The Sky,' the Last Apartment in Wonju Innovation City Subject to Price Ceiling, Gains Scarcity Value Up
Amid recent consecutive interest rate hikes, the burden of purchasing a home has increased, making complexes subject to the price ceiling system an emerging solution.
A prime example is public land development districts. These districts are subject to the price ceiling system regardless of the region. The most notable feature is that the sale prices are reasonably set compared to surrounding market prices. Additionally, since the development is led by public sectors such as the national government, local governments, Korea Land & Housing Corporation, and local public corporations, with an emphasis on public interest, planned development ensures abundant living infrastructure.
One place benefiting from this price ceiling system is ‘Wonju Innovation City Useung Hanneul The Sky,’ launched by Useung General Construction in November in Wonju, Gangwon Province. Known as the last apartment complex subject to the price ceiling system in the public land district of Wonju Innovation City, it is expected to attract significant interest from buyers seeking high rarity and reasonable prices.
A newly launched apartment in Wonju Innovation City with transportation, nature, and education all in one... plus a premium Wonjucheon view!
‘Wonju Innovation City Useung Hanneul The Sky’ is located in Block 2 of the mixed-use land in Wonju Innovation City, Gangwon Province. It consists of three buildings with 386 units, ranging from basement level 2 to 39 floors above ground. The unit types include △95㎡ with 71 units △115㎡A with 210 units △115㎡B with 105 units.
‘Wonju Innovation City Useung Hanneul The Sky’ boasts a rapid transportation network. It is adjacent to KTX Wonju Station and offers easy access to Namwonju IC on the Jungang Expressway, enabling convenient travel nationwide. Furthermore, the planned double-track metropolitan railway between Yeoju and Wonju is expected to dramatically improve accessibility to Seoul in the future.
A pleasant residential environment is also anticipated. The complex is situated right in front of Wonjucheon, allowing permanent views from the units. Residents can enjoy various physical activities at the Wonjucheon waterfront park, which features approximately 10 km of walking trails and exercise equipment. Additionally, several parks such as Dumul Waterfront Park, Beodeulmani Park, Garaesil Park, and Sambo Park, along with Chiaksan and Baegunsan mountains, provide abundant green spaces.
Robust residential infrastructure and excellent educational environments also draw attention. Adjacent to the complex is the planned site for Emart Traders, and various lifestyle convenience facilities such as Homeplus, Hanaro Mart, Megabox, and Wonju Severance Hospital are available. The area is served by all school districts including Beodeul Elementary and Middle Schools, Bangok Middle School, Yeongseo High School, and Chiak High School. Nearby libraries such as Mirinae Library and the Municipal Central Library also contribute to a favorable educational environment for children.
High-rise mid-to-large sized apartments with specialized designs enhancing residential space efficiency ‘in focus’
The proximity to workplaces is also notable. Within Wonju Innovation City, where ‘Wonju Innovation City Useung Hanneul The Sky’ is located, various public institutions such as the National Health Insurance Service, Korea Tourism Organization, Environmental Agency, Korea Forest Service, and Korean Red Cross are situated, securing a substantial demand base.
Useung Hanneul’s unique specialized design stands out. The complex maximizes space efficiency and openness through three-sided openings and 5Bay layouts (in some units). Various storage spaces such as pantries and large dressing rooms are applied to enhance space utilization. All units are mid-to-large sized, and the high-rise design reaching up to 39 floors increases residential convenience for residents. Additionally, trendy customized interiors will be offered as paid options, aiming to establish a high-quality living environment.
‘Wonju Innovation City Useung Hanneul The Sky’ plans to open a model house.
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