High Subscription Competition in Chungcheong... 'Eumseong Xi Central City' Attracts Attention

- 'Eumseong Ja-i Central City' Drastic Contract Condition Changes for 2024 New Year
- Brand and Work-Residence Proximity Complex... Various Events Held for Year-End and New Year

The 2023 local housing sales market was led by Daejeon and Chungcheong, recording a first-priority subscription competition rate of 9.3 to 1.

Real estate experts suggest this is significant as it occurred amid a downturn in the real estate market.

According to the Korea Real Estate Board's local subscription status based on application dates up to December 15, last year, the first-priority subscription competition rate slightly rose from 8.29 to 1 the previous year. Among these, Chungcheong emerged as a hot region in the local real estate market, boasting an average competition rate of 21.13 to 1.

This year, half of the top 10 local areas with the highest first-priority subscription competition rates were all in the Chungcheong region, indicating these areas led the local housing sales market.

The complexes driving Chungcheong real estate are characterized by proximity to workplaces and branded complexes. In particular, investment attraction to large corporations and national industrial complexes, along with high per capita personal income, are believed to have drawn genuine buyers seeking new apartments.

Among these, Eumseong-gun has continued to lead Chungbuk's economy with sustained growth in economic indicators despite difficult economic conditions. Especially, thanks to corporate sales growth driven by attracting companies to high-tech industrial complexes, its per capita GRDP has reached first place in the province for the first time, reflecting a high income level.

Furthermore, infrastructure is gradually expanding due to investment attraction, and job creation and increased income consumption have become the foundation for securing regional development capabilities, which is a driving force for Eumseong-gun.

Given this situation, genuine buyers are focusing on branded complexes located in Eumseong-gun. In particular, ‘Eumseong Ja-i Central City,’ conveniently accessible to nearby industrial complexes, is expected to greatly reduce the initial cost burden for newlyweds and genuine buyers with its unprecedented contract condition changes in the new year 2024, providing significant help for home ownership.

This complex will consist of 1,505 households across 16 buildings, ranging from 59 to 116㎡ in exclusive area, with 3 basement floors and 27 above-ground floors. It will feature the first-ever sky lounge in Eumseong-gun, as well as three guest houses.

The community center ‘Club Ja-i-an’ will include a fitness center, GX room, Pilates studio, golf driving range (GDR), naturally lit sauna, a small library filled with carefully selected books tailored to residents’ tastes and trends through a partnership with Kyobo Bookstore, a reading room, multipurpose room, kids’ playground, and cafeteria.

With connections to Eumseong IC and the Pyeongtaek-Jecheon Expressway, as well as the establishment of a metropolitan and regional transportation network via the Jungbu Expressway, Chungbuk’s Eumseong-gun is highly regarded for its future value.

A sales official for ‘Eumseong Ja-i Central City’ stated, “Chungcheong, which has led local real estate, includes many areas actively attracting companies, resulting in population inflow and revitalization of the real estate market. Eumseong Ja-i Central City will attract demand for home ownership with its unprecedented benefits.”

Currently, ‘Eumseong Ja-i Central City’ is offering various daily gifts to visitors of the model house during the year-end and New Year period, along with a raffle for abundant prizes such as iPads, vacuum cleaners, bicycles, and frying pans.

The model house is located in Maengdong-myeon, Eumseong-gun, Chungbuk.