Attracting Attention with Exceptional Financial Benefits: 5% Initial Deposit, 90% Balance Payment
Amid the recent series of base rate hikes, the financial burden on real estate buyers to secure funds has increased, drawing attention to complexes offering financial benefits.
According to data on the Bank of Korea's base rate trends, the base rate, which was around 1.25% at the beginning of last year, rose to 3.25% after six hikes?including two big steps (0.5%p increases at once) in April, May, July, August, October, and November. This year, the Bank of Korea further raised the rate by 0.25%p in January, bringing it up to 3.50%.
Meanwhile, the U.S. Federal Reserve raised the U.S. base rate to as high as 4.5% in December last year. With expectations that the rate hike trend will continue until March this year, the prevailing view is that additional hikes by the Bank of Korea are inevitable.
As a result, the concerns of those wishing to purchase their own homes are deepening, but some argue that this crisis could actually be an opportunity. Due to the impact of rate hikes pushing the real estate market into a slump, complexes offering various financial benefits such as reduced down payments and interim payments are emerging.
An industry insider said, “If you make good use of financial benefits that are hard to find during a market upswing, it can serve as an opportunity to secure future value before home prices turn upward. It is necessary to carefully consider not only the financial benefits that provide practical help for each complex but also the location and brand that can help form asset value when the market recovers.”
In this situation, as buyers' interest focuses on complexes offering better financial benefits, ‘Rapiano Switzen Yangju Okjeong’ in Yangju City, Gyeonggi Province, is offering a groundbreaking financial benefit with a 5% first down payment and 90% balance payment.
‘Rapiano Switzen Yangju Okjeong’ is located in Okjeong-dong, Yangju City, Gyeonggi Province (Okjeong District of Yangju New Town), and consists of 34 buildings with 456 units, all exclusively 84㎡ in size, arranged in a single configuration with one basement floor and four above-ground floors.
The complex is receiving positive responses from buyers as it allows home purchases without worries about interim payment loan interest. The first down payment ratio is lowered to 5% of the sale price, reducing the initial financial burden for buyers. After paying all the down payments, there are no additional costs until move-in, which is considered to lessen the financial burden comparatively.
‘Rapiano’ is a townhouse brand by developer RBDK. It features the advantages of independent detached houses, such as prevention of noise between floors and spacious service areas, while also securing the benefits of apartment complexes, including underground parking and community facilities.
‘Rapiano Switzen Yangju Okjeong’ is the eighth complex under the Rapiano brand, showcasing excellent product quality. The buildings are arranged mainly facing south to ensure good sunlight, and each unit is designed with a duplex structure to highlight the advantages of townhouse-style living. Additionally, ample storage spaces such as dressing rooms, built-in wardrobes, and pantries enhance space utilization.
Another notable feature is that the parking lot is 100% underground. For the first time in townhouses, elevators are installed in each building to facilitate convenient movement for each unit. The basement level 1 also provides storage rooms for each unit, and the ground level, free of cars, includes landscaping facilities to create a pleasant complex environment.
Moreover, Rapiano-exclusive community facilities such as the Lagom Lounge, fitness center, senior citizens’ center, and small library are provided for residents.
Advanced technology has also been applied. The exterior insulation method improves both energy efficiency and protection from outdoor air, and system single windows using triple glazing (some double glazing) enhance openness. Samsung Home IoT is also implemented, allowing residents to operate lighting and home appliances simultaneously via smartphone apps or voice commands, and to create personalized settings such as cinema mood or sleep mode.
Excluding the exclusive area, each unit offers a maximum usable area of about 42 pyeong. From the perspective of actual buyers, purchasing a 25-pyeong house means enjoying a total area of up to approximately 67 pyeong, including the usable area beyond the exclusive area.
Meanwhile, Rapiano Switzen Yangju Okjeong is currently conducting first-come, first-served building and unit designation contracts. No subscription savings account is required, and anyone aged 19 or older can contract regardless of subscription account duration, residence area, home ownership, or re-winning status.
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