- Real Estate Transactions Surge Amid Falling Loan Interest Rates, Reducing Housing Cost Burden
- Exceptional Benefits Including Down Payment Loan Support and Interim Payment Loan Interest Support... Model House Visit Event Ongoing
As the financial authorities pressure banks to lower interest rates, the banking sector has implemented various loan rate cuts, bringing warmth to the real estate market.
According to the banking industry, KB Kookmin Bank has reduced interest rates on household loans such as mortgage loans, jeonse deposit loans, and credit loans. Internet banks are also joining the trend of lowering loan interest rates, and this downward trend is expected to spread throughout the banking sector. Typically, when loan interest rates fall, the interest burden decreases, positively impacting housing demand.
Reflecting the atmosphere of falling loan interest rates, transaction volumes in the real estate market are also increasing. An analysis of the collective building data from the Supreme Court’s Registry Information Plaza shows that the number of ownership transfer registrations (sales causes) in February this year was 54,722 cases. This is a 13.1% increase compared to January (48,372 cases), and with the perception that the benchmark interest rate has peaked, the incentive for homebuyers to enter the market is expected to grow further.
Real estate experts say, “The COFIX (Cost of Funds Index), which is used as a benchmark for variable interest rates on mortgage loans in the banking sector, fell by 0.29 percentage points to 3.53% as of February, continuing a downward trend for three consecutive months,” adding, “As the burden of housing costs is expected to ease further, now may be the right time for actual buyers to purchase their own homes.”
New Super High-Rise Mid-to-Large Apartments in Wonju Innovation City! Contract Deposit Loan Support and Interim Payment Loan Interest Support
Meanwhile, in Wonju Innovation City, Gangwon Province, apartments with low financial burden are attracting the attention of actual buyers hoping to own a home. The project ‘Wonju Innovation City Yuseung Hanneul The Sky,’ constructed by Yuseung General Construction, is the main attraction, currently accepting contracts on a first-come, first-served basis with designated units.
‘Wonju Innovation City Yuseung Hanneul The Sky’ is located in Complex Land Block 2 of Wonju Innovation City, Gangwon Province. It consists of three buildings ranging from two basement floors to 39 floors above ground, with a total of 386 units, all mid-to-large sized with high scarcity. The housing types are △ 95㎡ exclusive use with 71 units △ 115㎡A exclusive use with 210 units △ 115㎡B exclusive use with 105 units.
Special sales conditions apply to ‘Wonju Innovation City Yuseung Hanneul The Sky.’ Contract deposit loan support of 5% and interim payment loan interest support of 60% are provided. These special benefits for contract deposits and interim payments aim to reduce the initial financial burden on contract holders.
‘Wonju Innovation City Yuseung Hanneul The Sky’ features specialized designs that enhance residential quality. First, the super high-rise design reaches up to 39 floors with three-sided openings, allowing residents to enjoy a panoramic view of Wonjucheon Stream within the complex. Additionally, a 5Bay (partial) design maximizes openness. Each unit is equipped with large pantries and practical dressing rooms for storage, and trendy customized interiors are available through paid options.
Robust living infrastructure is also in place. It is convenient to access KTX Wonju Station and Namwonju IC on the Jungang Expressway. It is also easy to use facilities in downtown Wonju such as Homeplus, Hanaro Mart, Megabox, and Wonju Severance Hospital. The complex is near schools for all age groups, including Beodeul Elementary, Beodeul Middle, Bangok Middle, Yeongseo High, and Chiak High, providing a safe commuting environment.
The pleasant residential environment is another highlight. Wonjucheon Stream stretches right in front of the complex, and the Wonjucheon Waterfront Park, featuring about 10 km of walking trails and exercise equipment, is nearby. Additionally, Chiaksan and Baegunsan Mountains are close, and green spaces such as Dumulsu Waterfront Park, Beodeulman Park, Garaesil Park, and Sambo Park are also available in the vicinity.
‘Wonju Innovation City Yuseung Hanneul The Sky’ is currently operating a model house and is conducting events for customers who visit the model house on a first-come, first-served basis. Move-in is scheduled for October 2025.
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