‘Jeju Jungbu Park Jeil Punggyeongchae Central Park’, Attention on Sale Price

Jeju's first private park special project apartment, ‘Jeju Jungbu Park Jeil Punggyeongchae Central Park,’ is smoothly continuing contracts amid heated interest, with its reasonable price being re-evaluated.

The sale price of Jeju Jungbu Park Jeil Punggyeongchae Central Park averages 24.25 million KRW per 3.3㎡, which is more than 1 million KRW lower than last year's average sale price of private apartments in Jeju (25.74 million KRW). For the 84㎡ (formerly 34 pyeong) exclusive area type, this means a price more than 34 million KRW lower per unit.

Additionally, Jeju Jungbu Park Jeil Punggyeongchae Central Park has enhanced its price competitiveness by offering various financial benefits. The first deposit is 5% (a fixed 10 million KRW at contract signing + 2 installments of the balance), and the second deposit is 5% with interest support, significantly reducing the initial burden for buyers. It is also a great merit that the stress DSR regulation does not apply when taking out the balance loan.

Balcony expansion is also provided free of charge. By offering balcony expansion, which is considered an essential option when purchasing a new apartment, free of charge, customers can enjoy not only the expansion cost that usually amounts to tens of millions of KRW but also savings on acquisition and registration taxes, making it a customer-friendly benefit highly praised.

Especially as raw material prices and labor costs rise due to inflation, making it inevitable for future supply complexes to face high sale price issues, buyers' attention is increasingly focused on the reasonably priced Jeju Jungbu Park Jeil Punggyeongchae Central Park currently on sale.

A real estate official in Jeju said, “Jeju is the region with the highest sale prices nationwide except for Seoul, so the demand for reasonable sale prices is higher than anywhere else. Since new complexes to be supplied in Jeju will inevitably set high sale prices above a certain level, inquiries about Jeju Jungbu Park Jeil Punggyeongchae Central Park, which combines price merits with excellent location and product design, are steadily increasing.”

Meanwhile, Jeil Construction is building Jeju Jungbu Park Jeil Punggyeongchae Central Park with 12 buildings ranging from 4 basement floors to 15 above-ground floors, totaling 728 households with exclusive areas from 66 to 124㎡. The number of households by exclusive area is ▲84㎡A 130 units ▲84㎡B 87 units ▲84㎡C 231 units ▲119㎡A 102 units ▲119㎡B 28 units ▲124㎡ 75 units.

Jeju Jungbu Park Jeil Punggyeongchae Central Park recently enhanced its value by winning the Apartment Grand Prize at the ‘2024 First Half Hankyung Residential Culture Awards.’ The complex is praised for increasing buyer satisfaction with various specialized designs, boasting the largest scale in Jeju’s urban area.

In fact, Jeil Construction significantly improved the product completeness of Jeju Jungbu Park Jeil Punggyeongchae Central Park, living up to its reputation as Jeju’s first Jeil Punggyeongchae brand complex. Most types have a 4Bay plate-type structure, with the complex arranged mainly facing south to secure abundant sunlight and pleasant park views. Additionally, various storage spaces such as dressing rooms and pantries are added by type to enhance space utilization. Notably, the large 119㎡B type includes a study, and the 119㎡A and 124㎡ types have an additional alpha room. The alpha room in the 124㎡ type can also be configured as an additional pantry through options.

Within the complex, four nature-themed gardens?Flower Garden, Water Light Maru, Stream Garden, and Healing Garden?along with Harmony Plaza and Pocket Garden are diversely arranged throughout. Matching the large-scale complex size of over 500 households, various large community facilities such as fitness center, GX room, sauna, single-person study room, indoor golf practice range, lounge caf?, and coin laundry will be provided.

Ample parking space is another advantage. A total of 1,331 parking spaces have been secured, making it the first and largest scale in Jeju. Except for neighborhood living facility parking, all parking is underground, creating a car-free park-style apartment on the surface.

The model house of Jeju Jungbu Park Jeil Punggyeongchae Central Park is located in Donam-dong, Jeju City.