- Rising interest rates and raw material prices expected to increase prices of new housing complexes... Demand concentrates on pre-sold complexes
- 'Yubora Cheonan Dujeong Station' attracts attention with reasonable prices and proximity to the station
One month after the government's 1.3 measures, among quick-moving genuine buyers, the distinction between prime and less desirable properties is becoming clear, focusing mainly on complexes with excellent locations and reasonable sale conditions.
According to the real estate industry, with overall increases in sales costs such as interest rates, labor costs, and material costs, a rise in sale prices is inevitable. Consequently, there is an analysis that now is the optimal time to buy, as the perception that "now is the cheapest" combined with complexes that have competitive sale prices can maintain price stability.
According to the Housing & Urban Guarantee Corporation (HUG), as of December last year, the average sale price of private apartments nationwide over the past year (based on supply area) was 15.46 million KRW per 3.3m², up 0.91% compared to the previous month. Compared to the same month last year, it rose by 9.48%. Furthermore, in September last year, the Ministry of Land, Infrastructure and Transport announced that it would raise the basic construction cost ceiling by 2.53%, considering price fluctuations in major construction materials and labor costs, indicating that sale prices are expected to rise further.
[Trends in Average Sale Price per m² and Number of Newly Sold Units in Private Apartments Nationwide - Korea Housing & Urban Guarantee Corporation]
As a rise in sale prices for new complexes is anticipated, attention is turning to pre-sold complexes. Among them, Bando Construction's ‘Yubora Cheonan Dujeong Station’ in Dujeong-dong, Seobuk-gu, Cheonan City, is attracting interest as it is currently accepting first-come, first-served contracts with designated building and unit numbers.
‘Yubora Cheonan Dujeong Station’ is located in the Dujeong Station area, considered a new residential town in Cheonan, and is priced reasonably despite being in an existing high-priced management area, significantly reducing the price burden for buyers. Moreover, with the northern exit (Exit 2) of Dujeong Station scheduled to open in February this year, the walking distance from the complex, which previously took about 13 minutes, is expected to be shortened to about 5 minutes.
The living infrastructure is also abundant. The KTX/SRT Cheonan-Asan Station is about a 15-minute drive away, allowing travel to Suseo Station in about 28 minutes and Seoul Station in about 35 minutes. The Cheonan IC on the Gyeongbu Expressway, National Route 1, Cheonan-daero, Samsung-daero, and Cheonan Central Express Bus Terminal are also nearby, facilitating convenient travel within the region and to other areas. Prestigious school districts are located nearby, including Dosol Kindergarten (public), Cheonan Dujeong Elementary School, Dujeong Middle School, and Bukil High School and Bukil Girls' High School, the only autonomous private high schools in Cheonan. Additionally, the complex is surrounded by abundant lifestyle convenience facilities such as Walmart, Megabox, Lotte Mart, Shinsegae Department Store, E-Mart, and the original downtown commercial district. Green spaces like Seongseong Lake Park and Dujeong Park are adjacent, providing a pleasant residential environment. Furthermore, various industrial complexes such as Samsung SDI, Cheonan 2nd and 3rd General Industrial Complexes, Cheonan Distribution Complex, and Baekseok Agricultural and Industrial Complex are nearby, offering excellent proximity to workplaces.
The non-regulation premium is also noteworthy. Cheonan City has been removed from the regulated areas, eliminating resale restrictions and removing the obligation to move in after registration, allowing for tax exemption benefits. Additionally, two mid-term loan applications per household are possible, and the condition to dispose of one house upon final payment and the move-in obligation are lifted. The acquisition tax surcharge for second homes is also excluded, and the capital gains tax exemption criteria have been adjusted from residing for two years to holding for two years.
As Cheonan's first Yubora apartment, the product quality is outstanding. All units are composed of a single preferred exclusive area of 84㎡, mainly south-facing, with a 4-bay slab-type structure design that offers excellent lighting and ventilation. Moreover, an advanced IoT system is provided, allowing smart control of in-unit appliances, lighting, and heating with a single voice command. Differentiation is achieved with a rare alpha room design in Cheonan, and residents can choose between a dressing room and a kitchen pantry according to their preferences.
Additionally, with a 100% underground parking design, the complex is like a park without cars on the surface, offering landscaping facilities close to nature and playgrounds and rest areas throughout the complex, providing a healing life in the city. Community facilities include an on-site study center, fitness center, golf practice range, guest house, small library, and Moms Station, all tailored customer-specialized products unique to Yubora.
‘Yubora Cheonan Dujeong Station’ is located in Dujeong-dong, Seobuk-gu, Cheonan City, Chungnam Province, consisting of 8 buildings from 2 basement floors to 29 floors above ground, with a total of 556 households, all composed of the single preferred exclusive area of 84㎡ favored by buyers.
The model house is currently open, and move-in is scheduled for June 2025.
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