- Increase in 'Promising Complex' Sold-Out Cases Due to Relaxation of Contract Conditions
- New Construction Sites Benefit from Optimism on Real Estate Market Recovery
Recently, centered around Seoul, apartment prices have been rising for eight consecutive weeks, raising expectations for a recovery in the real estate market. In the new housing market, demand is flocking to complexes offering exceptional benefits such as relaxed contract conditions. With high interest rates continuing and the burden of raising funds increasing, the perceived effect of the benefits provided by construction companies is becoming more significant.
In fact, there are increasing cases where remaining units are quickly sold out as new housing projects relax contract conditions favorably for consumers. In Paju Unjeong New Town, "Hillstate The Unjeong" lowered the down payment from 10% to 5%, provided interest support on interim payments, and offered free balcony expansions, resulting in 100% sell-out of remaining units. Similarly, in Suwon, "Maegyo Pellucid" completed contracts for all unsold units after lowering the down payment from 10% to 5%, and "Hillstate Suwon Park Foret" has seen a rapid increase in contract rates after changing conditions to a fixed down payment, interest-free interim payments, and partial interest support on the down payment.
An industry insider said, "When additional benefits are offered at a housing complex that consumers have been watching closely, demand to quickly secure desirable units is likely to increase," adding, "From the consumer's perspective, effectively utilizing these benefits can save hundreds of thousands to millions of won."
Recently, attention has been focused on a project near Yuseong Oncheon Station, the only transfer station area in Yuseong-gu, Daejeon, where exceptional contract condition relaxations have been applied.
Kolon Global is currently selling the remaining units of the ultra-high-rise landmark "Yuseong Haneulchae Hi Air." The complex consists of four buildings ranging from four basement floors to a maximum of 47 floors above ground, with 562 apartments sized 84 to 112㎡, 129 officetels sized 84㎡, and commercial facilities on the first and second floors.
The contract conditions include a 5% down payment and a 30% interest-free benefit on interim payments (4th to 6th installments), totaling 35%. This significantly reduces the initial cost burden before moving in, leading to a sharp increase in contract inquiries.
The complex is a station-area apartment located a five-minute walk from Yuseong Oncheon Station on Daejeon Subway Line 1, with access to Daejeon Station, where KTX and SRT stop, within about 20 minutes. Additionally, the tram line 2, confirmed to begin construction this year, is scheduled to open in 2028 at Yuseong Oncheon Station. Once the tram opens, it will become a double station-area apartment, and a significant premium increase is expected.
Furthermore, a fitness center, daycare center, small library, and care center will be provided as exclusive spaces for residents on the third floor, along with outdoor circulation paths and children's playgrounds as rest areas. Residents can enjoy permanent views of Gapcheon River (for some units) and leisurely walks and exercise at Wolpyeong Park, Yuseong Oncheon Park, and Gapcheon Park.
The specialized design optimized for a landmark is also noteworthy. All units feature an innovative three-sided open balcony design, maximizing openness and usable area with 4Bay or more, including 4.5Bay and 5Bay layouts. Additionally, a high ceiling height of 2.4m, 60mm inter-floor noise insulation material, and ample parking space of about 1.55 spaces per household are provided.
A sales representative said, "Many buyers feel burdened by the initial capital requirements, so we decided to relax contract conditions," adding, "We expect the remaining units to be quickly sold out due to these exceptional benefits."
The Yuseong Haneulchae Hi Air model house is located near Yuseong Oncheon Station on Daejeon Subway Line 1.
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