Rising Sale Prices... Interest in 'Doosan We’ve the Zenith Central Yangjeong'

- Continued Rise in Raw Material Prices, Labor Costs, and Financial Expenses
- Financial Benefits Including 5% Deposit and Interest-Free Interim Payments

With the price of apartments for sale rising for the 11th consecutive month, the sentiment that "now is the cheapest" is spreading.

According to Hug on the 19th, following a 12.29% increase in private apartment sale prices last year, the national average rose by 0.4% in January this year. The average price per pyeong for private apartments in January was 17.43 million KRW, marking an 11-month continuous upward trend. This is attributed to increased construction costs due to higher financial expenses, raw material prices, and labor costs.

In fact, the average daily wage in the construction industry in the first half of this year was 270,789 KRW, a 6.01% increase compared to the same period last year (Korea Construction Association). Additionally, ready-mixed concrete prices have accumulated a 34.7% increase from December 2020 to December 2023, cement prices rose 54.6%, and rebar prices increased by 64.6% during the same period (Korea Construction Policy Institute).

It is expected that apartment prices will continue to rise. The escalation of raw material prices is accelerating due to the overlapping conflicts of the Russia-Ukraine war and the Israel-Palestine war. Furthermore, this year’s strengthened standards for inter-floor noise measures and the mandatory implementation of zero-energy buildings scheduled for next year are also factors.

Against this backdrop, demand is gathering for newly priced apartments. In particular, Doosan We’ve The Zenith Central Yangjeong is attracting attention by offering financial benefits that reduce the initial financial burden. The complex offers a 5% down payment and interest-free installment payments. As a result, it is possible to secure a home by paying only around 30 million KRW for a 30-pyeong apartment until move-in. Additionally, two system air conditioners are provided free of charge when the balcony is expanded.

[This illustration was created to help consumers understand and may differ somewhat from the actual product. Photo by Doosan We've the Zenith Central Yangjeong perspective view]

Doosan We’ve The Zenith Central Yangjeong is located in the heart of Busan, rich in infrastructure such as transportation, school districts, and living conveniences. First, it enjoys a double living zone with access to central Busan infrastructure. It shares the ‘Yeonsan living zone,’ an administrative hub including Busan City Hall, Yeonje District Office, and the Police Agency. Moreover, it is convenient to use the Seomyeon and Bujeon living zones, which are concentrated with Busan’s core commercial areas such as Lotte Department Store, NC Department Store, hospitals, clinics, and financial facilities.

The complex is situated at a transportation hub. It is a 6-minute walk to Yangjeong Station on Busan Metro Line 1, and major arterial roads such as Geoje-daero, Jungang-daero, Dongseo Overpass, and Dongpyeong-ro connect the area conveniently to Seomyeon, Haeundae, and Dongnae districts.

Education and natural environment are also excellent. Yangjeong Elementary and Yangseong Elementary schools are nearby, and within a 1 km radius, there are over 10 elementary, middle, and high schools as well as universities, providing outstanding educational infrastructure. Additionally, the area boasts Busan Citizens Park, the largest park in Busan equivalent to 60 soccer fields, Song Sang-hyun Square, the largest plaza in the country where residents can enjoy leisure and culture, and natural environments such as Hwangnyeongsan Mountain.

The complex is planned to be built as a smart apartment. One feature is the application of Samsung Electronics’ SmartThings-based smart home platform. Residents of complexes equipped with this technology can control home appliances through the SmartThings app, as well as lighting, heating and cooling systems, ventilation devices, electric blinds and curtains, and various other devices inside the home. Additionally, it allows integrated management of various convenience information related to apartment common facilities such as elevator calls, gas valve status checks, parking information, missed visitor notifications, unmanned parcel management, and management fee guidance, enabling a convenient living experience.

Meanwhile, ‘Doosan We’ve The Zenith Central Yongin,’ scheduled for sale in the Cheoin-gu area of Yongin City, Gyeonggi Province in February, is also expected to implement smart apartment technology.