‘Yongin Namgok Dongwon Benest Hessen City 2’ Promotion Center Opens on March 14

- Primary Complex Already Established as Premium
- Secondary Complex Expected to Close Early Due to High Waiting Demand

[Yongin Namgok Dongwon Benest Hessen City Perspective]

Following the highly sought-after first phase of ‘Yongin Namgok Dongwon Benest Hessen City,’ which quickly closed membership recruitment due to its promising future value in Yongin’s Cheoin-gu and stable business prospects, the second phase, ‘Yongin Namgok Dongwon Benest Hessen City 2,’ will open its promotional center on March 14 and officially begin member recruitment.

‘Yongin Namgok Dongwon Benest Hessen City 2’ is planned to be developed in Namgok-ri, Yangji-myeon, Cheoin-gu, Yongin City, consisting of 8 buildings ranging from 2 basement floors to 20 above-ground floors, with a total of 641 households and exclusive areas of 59 and 74 square meters. This complex will be a long-term private rental apartment allowing residence without restrictions for up to 10 years, with Dongwon Construction Industry Co., Ltd. as the scheduled contractor. Given the premium formed after the first phase’s recruitment and the high interest it attracted, the second phase is also expected to close recruitment quickly.

The unit distribution by type includes ▲59㎡A with 274 households ▲59㎡B with 184 households ▲74㎡A with 112 households ▲74㎡B with 71 households, mainly composed of small to medium-sized units suitable for 1-2 person households to 3-person households, which have been steadily increasing recently. Featuring space designs reflecting the latest trends such as pantries and dressing rooms, it is expected to offer high residential satisfaction.

Yongin Namgok Dongwon Benest Hessen City 2 is a long-term general private rental apartment with a fixed sale price, regarded as an optimal residential ladder option that allows stable living by paying only interest on the rental deposit amid unstable market conditions, and later securing home ownership through priority purchase rights. Since residents can live without mandatory residence for up to 10 years, capital gains upon moving are also anticipated.

Additionally, tenant status rights can be transferred at any desired time without restrictions on transfer or resale, and the deposit is safely preserved through mandatory subscriptions to the Housing and Urban Guarantee Corporation (HUG) or Seoul Guarantee Insurance.

Applications are possible regardless of individual or corporate status, home ownership, or subscription to a housing subscription savings account. There is no one-household-one-home restriction, allowing ownership of two or more units (up to 10% of total households), and there are no burdens from various real estate taxes such as acquisition tax, holding tax, or comprehensive real estate tax.

In particular, the relatively affordable price compared to surrounding market prices attracts consumer interest. The rental deposit for Yongin Namgok Dongwon Benest Hessen City 2 starts from around 9 million KRW per 3.3㎡, which is very reasonable compared to deposits at other sites in Cheoin-gu, Yongin City (ranging from 12 million to 19 million KRW per 3.3㎡).

Moreover, with mandatory subscriptions to the Housing and Urban Guarantee Corporation (HUG) or Seoul Guarantee Insurance, the deposit is securely preserved, eliminating concerns about rental fraud, which has recently become a social issue.

Cheoin-gu, Yongin, where Yongin Namgok Dongwon Benest Hessen City 2 is located, is set to host the world’s largest semiconductor cluster and various industrial complexes, while the nearby Giheung-gu area is also advancing a platform city project, offering high future value.

First, a ‘semiconductor specialized city’ is planned in Idong-eup, Yongin City, adjacent to a large-scale national semiconductor industrial complex site. Once the national industrial complex is established, it is expected to serve as a residential city for workers and others.

Additionally, apart from the Idong and Namsa-eup national industrial complexes where Samsung Electronics plans to invest 300 trillion KRW, many workers will be employed at the SK Hynix Yongin Semiconductor Cluster being developed in Wonsam-myeon, Yongin. Therefore, the new city to be developed in Idong-eup is expected to see a sharp rise in residential value. With multiple developments planned, an influx of over 30,000 new residents is anticipated, leading to an absolute shortage of residential facilities and a waiting demand of at least 5,000 households in the future.

Besides abundant development benefits, the location boasts excellent conditions. The complex includes an elementary school site and is within walking distance of Yongdong Middle School, alleviating concerns about children’s education. Furthermore, numerous leisure facilities such as Yangji Sports Park, Yangji Equestrian Club, Jisan Resort, Yangji Resort, Everland, and Yongin Daejanggeum Park are located nearby. Notably, the area also features several golf courses known as the ‘Golf 8 School District,’ including Yangji CC, Jisan CC, and Asiana CC.

Transportation conditions are also excellent. Yangji IC on the Yeongdong Expressway is located within 2 km radius, facilitating convenient travel to Seoul and nearby areas. Accessibility to the entire metropolitan area is expected to improve through the Second Gyeongbu Expressway and the Second Ring Expressway. Additionally, several railway projects such as the planned GTX Yongin Station, the new Dongtan-Bubal national railway, and the Samdong-Anseong Gyeonggang Line are underway, promising high future value.

A sales official stated, “Yongin Namgok Dongwon Benest Hessen City 2 follows the success of the first phase, which closed membership recruitment in a short period. It allows various government loans, enabling residents to live by paying only interest while securing home ownership later at a fixed sale price. This product combines the advantages of both rental and sale and is expected to close contracts quickly.” He added, “Not only is the price reasonable, but with the large-scale semiconductor developments planned in Cheoin-gu, Yongin, capital gains can also be expected, leading to many inquiries.”

Membership recruitment for Yongin Namgok Dongwon Benest Hessen City 2 will begin on March 14, 2024, with the housing promotional center located in Dongcheon-dong, Suji-gu, Yongin City, Gyeonggi Province.