Newly Launched Complexes Near Seoul in Focus, 'Illumistate' Reserved Lot Sales Subscription

As Seoul housing prices soar to unprecedented heights, areas adjacent to Seoul in the Gyeonggi Province are attracting attention as 'housing price refuges,' drawing the interest of buyers.

In fact, apartments in Seoul have recently been setting new record prices in various locations, and with all areas except the Gangnam 3 districts and Yongsan-gu being exempt from the price ceiling regulation, pre-sale prices are rising day by day.

Recently, a 155㎡ unit in ‘Shinhyundai 12th’ located in Apgujeong-dong, Gangnam-gu, Seoul, was traded for 6.15 billion KRW in August. This price rose more than 1 billion KRW within three months after dropping to 5.1 billion KRW in May this year, following a record high of 5.9 billion KRW in April last year.

The same trend is seen in the northern part of Seoul. An 84㎡ unit in ‘Mapo Prestige Xi’ in Yeomni-dong, Mapo-gu, changed hands for 1.92 billion KRW in September, rising 80 million KRW from the previous highest price of 1.84 billion KRW. The 198㎡ unit in ‘Acro Seoul Forest’ in Seongsu-dong was sold for 9.9 billion KRW in August, breaking the previous record of 9.5 billion KRW set in July.

The upward trend in pre-sale prices is also steep. According to Real Estate R114, the average pre-sale price per 3.3㎡ of apartments in Seoul rose 16.4% from 25.39 million KRW in the first quarter to 30.17 million KRW in the second quarter of this year. In the third quarter, Seoul’s pre-sale price surpassed 37 million KRW, reaching 37.07 million KRW.

A real estate expert explained, “With construction costs soaring, pre-sale prices are inevitably on a continuous upward curve. In Seoul, existing properties are setting new record prices, and pre-sale prices of new complexes are rising every time, leading more buyers to turn their attention to neighboring areas of Seoul.”

Given this situation, demand is focusing on areas with excellent accessibility to Seoul and relatively reasonable housing prices. Bucheon City is emerging as a representative neighboring area of Seoul. Bucheon is known for its quick access to Seoul via Subway Lines 1 and 7, Gyeongin Expressway, and the Seoul Ring Expressway, making it a popular relocation destination for those working in Seoul.

Meanwhile, the Hyundai Construction Consortium (Hyundai Construction, Doosan Construction, Kolon Global) has opened a cyber model house for 59 reserved units of ‘Illumi State’ located in Beombak-dong, Bucheon City, Gyeonggi Province, and is actively selling them.

The complex consists of 37 buildings ranging from 4 basement floors to 29 above-ground floors, totaling 3,724 units across 4 complexes. Among these, 59 units with exclusive areas ranging from 39 to 84㎡ are reserved for sale. The breakdown by exclusive area is as follows: △39㎡ 1 unit △59㎡A 26 units △59㎡B 9 units △74㎡ 1 unit △84㎡A 17 units △84㎡B 2 units △84㎡C 3 units.

‘Illumi State’ is located at the center of a new residential belt encompassing Ok-gil District, Gyesu and Beombak Districts, and Hang-dong District, offering excellent accessibility to Seoul. About 200 meters from the complex is Seohaean-ro, connecting Siheung and Guro, allowing car travel to Guro-gu in about 10 minutes, Yangcheon-gu in about 20 minutes, and Gangseo-gu in about 30 minutes.

Additionally, the Seoul Ring Expressway Siheung IC is about 1.8 km away from the complex, and the Gwangmyeong IC on the 2nd Gyeongin Expressway is nearby, facilitating easy access to Siheung, Gwangmyeong, Incheon, and other areas throughout Gyeonggi Province. The Seohae Line (Sosa-Wonsi Line) subway’s Sosaeul Station is also accessible. Using Sosaeul Station, one can transfer at Sosa Station on Line 1, just one stop away, to reach Guro-gu, Seoul, within about 20 minutes.

The environment is also ideal for raising children. Boksa Elementary School is planned to open in September 2024 right next to Complex 4, and Beombak Elementary, Beombak Middle, and Beombak High Schools are all within a 5-minute walk from the complex, enabling safe walking commutes for children. Moreover, within a 1 km radius of the complex, there are about 10 other schools including Ilsin Elementary, Soan Elementary, Soil Elementary, Ilsin Middle, Sosa Middle, Zion High, and Sosa High, providing a one-stop educational environment.

Convenient living facilities are abundant. Starfield City Bucheon, which includes a cinema, large marts, and a large shopping mall, is within a 10-minute walk from the complex. Additionally, Homeplus (Yeokgok Branch), NewCore Department Store (Bucheon Branch), E-Mart (Bucheon Branch), and Catholic University Bucheon St. Mary’s Hospital are also accessible.

Furthermore, numerous neighborhood parks such as Seongjusan, Soraesan, Hang-dong Reservoir, Nambu Water Resources Ecological Park, Goean Sports Park, Sosa Grand Park, and Cultural Park are located nearby, offering opportunities for rest and leisure.

The complex also boasts excellent product features. All units are primarily south-facing, ensuring abundant sunlight and natural lighting. The underground parking lot includes seasonal storage (for some units), allowing residents to store bulky seasonal or leisure items separately, thus making indoor spaces more spacious. With a low building-to-land ratio of about 16%, natural ventilation and sunlight are maximized, and green spaces and resting areas within the complex provide residents with a comfortable and relaxed living environment.

Various community facilities within the complex include a screen golf course, fitness center, GX room, sauna, and residents’ meeting rooms. There are also education-specialized community facilities such as a small library and study rooms.

Moreover, the complex is the largest branded complex in Bucheon City with a total of 3,724 units. It offers reasonable pre-sale prices, mainly royal floors (10th to 19th floors), balcony expansions, high-satisfaction free options such as system air conditioning, and is a post-sale apartment ready for immediate move-in, all of which are expected to attract high interest from buyers.

Meanwhile, the cyber model house for ‘Illumi State’ is available for viewing on the official website, and the sales office is located in the commercial area of Complex 1 in Beombak-dong, Bucheon City. The sales schedule begins with the first priority subscription on Wednesday, October 4, followed by the second priority subscription on Thursday, October 5. The announcement of winners is on Thursday, October 12, and the official contracts will be signed over three days from Tuesday, October 24 to Thursday, October 26.