Rising Interest Rates Increase Market Uncertainty... 10-Year Long-Term Private Rental Apartment 'Anseong Yeongmu Yedam' to Launch in March

- Stable residence for 10 years with reasonable rent... High attention from young adults
- Enjoy proximity to work, school zones, and future value of Dangwang District

[Anseong Dangwang District 'Anseong Yeongmu Yedam' Perspective, Image provided by Soliche Co., Ltd., The Y Co., Ltd.]

Recently, due to high interest rates and market uncertainties, demand for purchasing homes has decreased, while demand for private rental apartments has surged.

This is because, amid growing concerns about jeonse fraud, tenants can not only receive guarantees on their jeonse deposits from HUG (Housing and Urban Guarantee Corporation) to ensure long-term safe residence, but also enjoy excellent product quality thanks to the construction expertise of private developers.

Moreover, while individually rented houses are inevitably sensitive to rent and rent increase issues, private rental apartments offer rents set at reasonable prices compared to surrounding market rates, significantly reducing housing cost burdens.

These advantages have led to high subscription competition rates. In August last year, the general private rental housing “Haengjeong Town Doosan We’ve The Class” in Cheonan, Chungnam recorded an average competition rate of 30.7 to 1. In July last year, the public-supported private rental housing “Hillstate Gwanak New Foret” supplied in Gwanak-gu, Seoul, also showed an average competition rate of 94.9 to 1.

Meanwhile, the 10-year long-term private rental apartment “Anseong Yeongmu Yedam,” which offers proximity to workplaces and schools, is scheduled for sale in March. The complex will be built in Dangwang District, Anseong-si, Gyeonggi-do, consisting of 10 buildings from 2 basement floors to 28 above-ground floors, with a total of 997 units ranging from 59 to 141㎡ in exclusive area.

“Anseong Yeongmu Yedam” applies a full interest-free benefit on intermediate payments to reduce initial burdens for buyers. As a private rental apartment, anyone aged 19 or older can apply without a subscription savings account regardless of region, and there are no restrictions on re-winning. Residents are free from various tax burdens such as acquisition tax, property tax, comprehensive real estate tax, and capital gains tax, and can live like their own home without worries about house prices or moving for 10 years. Additionally, there is an opportunity to purchase the home through sale conversion after 10 years, and rental deposit security is assured through HUG guarantee insurance.

The complex is adjacent to National Road 38, Pyeongtaek-Jecheon Expressway, and the planned Seoul-Sejong Expressway, forming a well-connected metropolitan transportation network. It also boasts a school zone with walking access to Anseong Girls’ High School in front of the complex, as well as Biryong Elementary and Middle Schools. Residents can enjoy a one-stop lifestyle with abundant living infrastructure such as E-Mart, CGV, Food Town, and Gyeonggi Provincial Medical Center Anseong Hospital.

As a workplace-proximate apartment near Anseong 1st Industrial Complex and the planned Smart Corepolis industrial complex, it is expected to have solid demand from the surrounding workforce. It also features abundant eco-friendly elements with planned waterside parks including Geumseokcheon Stream Trail, Bibongsan Mountain, and neighborhood parks. Furthermore, it holds future value as part of the Dangwang District, which is being developed into a mini new town with over 8,000 households.

“Anseong Yeongmu Yedam” offers a variety of internal floor plans ranging from 59㎡ to 141㎡ exclusive area, introducing specialized layouts that broaden choices according to lifestyle.

A sales representative of Anseong Yeongmu Yedam explained, “With the recent rise in interest rates increasing the burden of home ownership and growing anxiety over jeonse fraud and ‘empty jeonse’ cases, private rental apartments are gaining renewed attention. Anseong Yeongmu Yedam guarantees residential stability for 10 years with reasonable rent and also offers the opportunity to own a home through sale conversion.”