Experts Advise, "Secure New Landmark Pre-Sales Before Prices Rise Further"
As the sale prices continue to rise, attention is focused on ‘Dunsan The Sharp Eliph’ supplied by POSCO Construction in Seo-gu, Daejeon. This is because the official contracts will be conducted from December 7 to 13 for this landmark complex representing Daejeon.
In fact, sale prices in provincial metropolitan cities have also steadily increased every year. According to data from Real Estate R114, the sale price per 3.3㎡ in provincial metropolitan cities rose by 9.11% over two years from 2012 to 2014, and increased sharply by 23.06% in 2016, 17.50% in 2018, and 19.04% in 2020. This year as well, the average sale price per 3.3㎡ until September surged by 17.50% compared to 2020.
However, recently this phenomenon shows a somewhat different pattern from the past. Instead of sale prices moving according to the rise and fall of transaction prices, a so-called ‘decoupling’ phenomenon is occurring where sale prices rise despite stagnation in transaction prices.
Real estate experts say, “A so-called ‘stagflation’ phenomenon, where prices rise despite an economic downturn, is appearing in the real estate market as well,” and advise, “Now may be the right time to secure your own home before sale prices rise further, and when the market recovers in the future, it is advisable to focus on landmark properties that can yield capital gains.”
Interest is gathering around ‘Dunsan The Sharp Eliph’. The complex is a large-scale development consisting of 23 buildings ranging from 3 basement floors to a maximum of 33 floors above ground, with a total of 2,763 households, of which 1,935 households with exclusive areas of 48 to 84㎡ will be offered for general sale.
Dunsan The Sharp Eliph is highly anticipated as an apartment enjoying the Dunsan living area, the most preferred residential area in Daejeon. Lotte Department Store can be reached within 3 minutes by car, and there are many large supermarkets nearby such as Galleria Department Store, Homeplus, and E-Mart. Convenience facilities and government offices such as Chungnam National University Hospital, Catholic University Daejeon St. Mary’s Hospital, Daejeon City Hall, Daejeon District Court, and Government Complex Daejeon are also accessible.
Dunsan The Sharp Eliph offers excellent educational conditions with many schools including Tanbang Elementary School (subject to change due to Ministry of Education policy changes, establishment of an elementary school on the site within Complex 3 is undecided), Munjeong Middle School, Tanbang Middle School, and Samcheon Middle School, and convenient access to the Dunsan academy district. A school site is also planned within the complex.
The complex has easy access through National Route 32 adjacent to the site, and is located in a station area within walking distance of Yongmun Station on the Daejeon subway. It is also convenient to access metropolitan railroads such as KTX Seodaejeon Station and Daejeon Station, as well as expressways including the Gyeongbu Expressway and the Honam Expressway branch. The first phase of the Chungcheong Regional Railroad project, connecting 35.4 km from Gyeryong in Chungnam to Sintanjin in Daejeon, and the Line 2 tram of the urban railroad are underway, promising further improvements in transportation conditions in the future.
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