May Spring Sales Stretch... Major Brand Complexes in Gwangmyeong and Others Prepare One After Another

The spring housing market is stretching its limbs. As popular complexes have emerged following the government's successive regulatory relaxations, construction companies that had been weighing the timing of supply are now preparing to launch sales one by one.

According to Real Today, a real estate research firm, a total of 3,268 households (including officetels, excluding public rental housing) will accept applications in eight locations nationwide during the second week of May. Large branded apartment complexes with over 1,000 households are successively opening for subscription, raising expectations for real demand.

In the metropolitan area, subscription applications will be accepted in five locations including ‘Gwangmyeong Xi The Sharp Forena’ (809 households) in Gwangmyeong-si, Gyeonggi-do, and ‘Siwha MTV Prugio The Ocean’ (400 households) in Siheung-si, Gyeonggi-do.

[Image source=Yonhap News]

Gwangmyeong Xi The Sharp Forena is a complex constructed by GS Construction, POSCO E&C, and Hanwha Construction Division, located in 9-8, Gwangmyeong 1-dong, Gwangmyeong-si, Gyeonggi-do. The first priority subscription will be accepted on the 8th. It consists of 28 buildings from 3 basement floors to 38 above-ground floors, with a total of 3,585 households ranging from 39 to 112 square meters in exclusive area, of which 809 households will be sold to the general public. It is close to Gaebong Station and Guro Station on Seoul Subway Line 1, allowing direct travel without transfers to central Seoul business districts such as City Hall and Jongno.

In the provinces, three locations including ‘Gunsan Hanla Vivaldi The Prime’ (633 households) in Gunsan-si, Jeonbuk, and ‘Shinyoung Jwell Prugio Technopolis Central’ (1,034 households) in Cheongju-si, Chungbuk, are preparing for subscription. The first priority subscription for Shinyoung Jwell Prugio Technopolis Central will be accepted on the 10th. The complex consists of apartments with 1,034 households and 234 officetel units, ranging from 84 to 130 square meters, in buildings from 2 basement floors to 49 above-ground floors. Convenience facilities such as Hyundai Department Store, Lotte Outlet, and Jwell City Mall are nearby.

Additionally, two model homes are scheduled to open, seven locations will announce winners, and nine locations will conduct official contracts.