'The Park Vista Decian' Gains Attention Amid Expectations for Deregulation in the Seoul Metropolitan Area

- Government Considering Lifting Regulations in Some Areas This Month... Interest in Candidate Areas Like Gyeonggi Gwangju
- 'The Park Vista Desiang' First Priority Subscription in Gyeonggi Gwangju Draws Attention

Due to the sharp decline in the real estate market, calls for lifting regulatory restrictions have been growing in the metropolitan areas including Gyeonggi and Incheon. Accordingly, there is increasing speculation that the government will move to lift these restrictions through the Residential Policy Deliberation Committee (hereinafter referred to as the RPD Committee) scheduled for later this month.

In fact, the industry has consistently raised the necessity and possibility of lifting regulatory restrictions in the metropolitan area. Especially as the market cooling has accelerated more than expected due to interest rate hikes, opinions have continued to call for the early lifting of speculative overheating zones and adjustment target areas in the outer metropolitan regions, excluding key areas such as Gangnam in Seoul.

An industry insider said, "As the transaction freeze continues in the metropolitan area following the provinces, local governments are also repeatedly requesting the Ministry of Land, Infrastructure and Transport to lift regulatory restrictions," adding, "If the areas are deregulated, the easing of strengthened loan, tax, and subscription regulations is expected to revitalize the market."

Given this situation, it is known that the government is comprehensively reviewing the deregulation of outer metropolitan areas through the RPD Committee planned for this month. According to the industry, the areas mentioned as candidates for deregulation include Gwangju in Gyeonggi, Incheon, Gimpo, Siheung, and Osan. However, Seoul, where housing prices have risen significantly despite the downward trend, is expected to be excluded.

As a result, it is anticipated that market attention will once again focus on areas where deregulation is highly expected. Gwangju in Gyeonggi is particularly representative. Meanwhile, in Gwangju, Gyeonggi, 'The Park Vista Desiang,' which is attracting attention as the largest housing project in the metropolitan area this year, is proceeding with its subscription schedule amid high interest.

The Park Vista Desiang is an apartment complex developed by a consortium of Taeyoung Construction and Dongwon Development as a private park development special project in Yeokdong Park, Gwangju, Gyeonggi. Located in the Yeokdong area of Gwangju City, Gyeonggi Province, it consists of 18 buildings ranging from 4 basement floors to 25 above-ground floors, with a total of 1,690 units of various sizes including 59, 84, and 114㎡, offering a diverse range from popular small-to-medium to medium-to-large apartments.

The complex conducted special supply subscriptions on the 31st of last month, followed by first-priority subscriptions for the relevant area on the 1st, and is accepting first-priority subscriptions from other areas today (the 2nd). The announcement of successful applicants will be on November 9, and official contracts will be signed over five days from November 21 to 25.

Even before the sale, The Park Vista Desiang attracted high interest as the largest housing project in the metropolitan area this year. The model house, operated by a reservation system, saw reservations fill up immediately upon opening, and over 8,000 visitors came during the first three days, demonstrating strong interest.

Moreover, the special supply subscription attracted 2,487 applications for 679 units, drawing industry attention. In particular, the 59㎡A type saw 1,024 applications for 76 units, resulting in an average competition rate of 13.47 to 1.

A sales official said, "On the 1st, about 4,000 subscription applications were received for the first-priority relevant area, showing a good response despite the market downturn," adding, "With Gwangju, Gyeonggi being mentioned as a likely candidate for deregulation, interest has grown even more, and we expect the first-priority subscriptions from other areas today to close successfully."

Meanwhile, The Park Vista Desiang is located within the Gwangju Yeokdong Central Park, which is being developed as a massive park of approximately 440,000㎡, promising a premium healing residential environment. It also boasts convenient transportation with Gyeonggi Gwangju Station on the Gyeonggang Line within walking distance. Using this line, Pangyo can be reached in 15 minutes and Gangnam in 30 minutes (with a transfer to the Shinbundang Line at Pangyo Station).

Additionally, the Suseo-Gwangju double-track railway (scheduled to open in 2027) is under development at Gyeonggi Gwangju Station, and once this line opens, it will be possible to reach SRT Suseo Station in 12 minutes, further enhancing transportation and access to Gangnam.

Furthermore, the surrounding area is rich in shopping and cultural infrastructure such as E-Mart, Lotte Cinema, and CGV, promising a convenient residential life. Nearby schools include Gyeongan Elementary and Middle Schools, Yeokdong Elementary, Tanbeol Middle, and Gwangju Jungang High School, and an elementary school site is planned to be developed immediately to the right of the project site.

The average sale price of The Park Vista Desiang is 16.92 million KRW per 3.3㎡, with prices starting from around 530 million KRW for the 84㎡ units.

The Park Vista Desiang is currently operating a model house, and move-in is scheduled for April 2026.