- Impact of Deregulation... Recovery in Actual Transaction Prices and Expansion of Buying Sentiment
- Recognized as an Opportunity Now... Remaining Units of 'ePyeonhansesang Juchon The Premier' Quickly Selling Out Amid 'Housing Price Bottom Theory'
Although the real estate market is freezing and experiencing a downturn, the same phenomenon does not appear in all areas. In the case of Juchon-myeon, Gimhae, buying sentiment is spreading. This is interpreted as demand pouring in as the perception that the real estate market is at its bottom has grown recently along with the easing of real estate regulations.
According to statistics from the Korea Real Estate Board, on December 26 last year, before the government's regulatory easing announcement this year, the sales price index decline rate in Gimhae City was -0.72%, whereas on January 2 this year, it narrowed to -0.64%. Starting from this point, the decline rate steadily decreased for seven consecutive weeks, recording -0.16% on February 13, showing a significant reduction in the drop and a gradual price recovery trend.
Buying sentiment is also recovering. The sales supply-demand trend in Gyeongsangnam-do, where Gimhae City is located, was 80.2 in the first week of January, then consecutively rose to 81 in the second week, 81.5 in the third week, and 81.7 in the fourth week. Although it fell once in February, it rose again and has now recovered to 82.2.
This seems to reflect market expectations that the scope of future interest rate hikes will be limited due to the government's regulatory easing and a slight decrease in loan interest rates. It is analyzed that the impact of lifting various regulations such as resale restrictions and mandatory residence obligations under the government's 1.3 real estate measures is significant.
Meanwhile, experts advise that if it is a pre-sale complex with interest-free interim payments and about 2 to 3 years left until move-in, it is worth considering positively. They believe that if inflation stabilizes in the future, interest rates will naturally fall, and the government will also introduce measures to revitalize real estate, leading to stabilization.
The industry expects that the interest rate hike trend will be maintained for about 2 to 3 years, and with the significant rise in pre-sale prices, demanders facing double difficulties are expected to flock to complexes offering financial benefits for pre-sale units. In particular, it is necessary to pay attention to places where market recovery is expected at the time of move-in.
Meanwhile, as purchase inquiries increase, real demanders' interest in complexes in Gimhae with about 2 to 3 years left until move-in is also growing. In particular, ‘e-Pyeonhansesang Juchon The Premier,’ currently being sold by DL E&C in the Juchon-myeon area of Gimhae, is attracting the attention of demanders considering buying a home as a prime unsold complex. The move-in is scheduled for December 2025, making it a complex where a rebound can be anticipated during future real estate stabilization.
‘e-Pyeonhansesang Juchon The Premier’ is a branded large-scale apartment complex being built in the Juchon-myeon area of Gimhae City, Gyeongnam, consisting of 9 buildings from basement 2 to ground 29 floors, with a total of 992 households ranging from 84 to 115㎡ in exclusive area, recognized for its premium value.
The complex also has a lower pre-sale price compared to the surrounding area. The average pre-sale price of this complex is 14.16 million KRW per 3.3㎡. In addition, a fixed first contract deposit of 5 million KRW and interest-free interim payment benefits reduce the financial burden on buyers even further.
Moreover, the excellent product design of ‘e-Pyeonhansesang’ stands out. This complex introduces DL E&C’s first specialized product, the ‘D Silent Hood,’ along with a smart air control system, air curtains, and a ‘Smart Clean & Care Solution’ composed of fine dust reduction plantings. Additionally, landscaping such as D4M Park and Misty Foret is carefully designed to provide the highest residential satisfaction.
Its excellent location conditions are also an advantage. With Seoncheon-ro, Bunseong-ro, and Dongseo-daero nearby, movement within Gimhae City is convenient, and the transportation environment is excellent with the Namhae Expressway West Gimhae IC and the six-lane exclusive road from Oedong to Jangyu. Educational facilities such as Gimhae Seo Middle School, Jeil High School, and Imho High School are located nearby, and there is a plan to open an elementary school due to the development of the adjacent Juchon Seoncheon district.
In particular, the future value of the Juchon-myeon area, which will become the residential center of Gimhae, is also expected. According to the ‘2035 Gimhae Urban Master Plan’ announced by Gimhae City, the Juchon Seoncheon district adjacent to the complex is included as a core of urban development connecting Jangyu and Jinyeong, and is expected to serve as a representative central area in the future. Already, about 9,200 households have been supplied in the Juchon Seoncheon district and its surroundings, and with approximately 4,300 additional households starting with e-Pyeonhansesang Juchon The Premier, a massive new residential town of about 13,000 households will be formed.
Meanwhile, since e-Pyeonhansesang Juchon The Premier is scheduled for move-in in December 2025, it also has the merit of allowing buyers to receive their units without waiting a relatively long time after signing the contract. A housing exhibition hall is currently in operation.
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