- Multi-Access Location Within Walking Distance to Infrastructure, Branded Large-Scale Apartment Complex
- Branded Large-Scale Apartment Complex in Multi-Access Location
With the tightening of loan regulations, the importance of owning a “smart single property” is increasing even more. Since these properties have excellent location conditions and product quality, they are less affected by market fluctuations and are likely to lead to significant premiums after occupancy, resulting in a noticeable concentration of demand among buyers in the subscription market.
According to data from the Korea Real Estate Board’s Subscription Home, among nationwide pre-sale complexes excluding Seoul and areas under the price ceiling system from January to August this year, the top five complexes with the highest first-priority subscription competition rates are all large branded complexes with multiple transportation options.
For example, “Seoshin The Sharp Vivaldi” (total 1,914 households), which was pre-sold in Jeonju, Jeollabuk-do in February, recorded an average first-priority competition rate of 55.59 to 1, highlighting its excellent multi-transport accessibility and status as a large branded apartment complex. This competition rate is the highest among private land sites supplied in provincial areas this year. Despite the sluggish provincial pre-sale market, complexes with excellent locations and product quality attracted many buyers.
Also, “The Sharp Tangjeong Infinity City,” a branded complex with 1,140 households, recorded an average competition rate of 52.58 to 1, emphasizing its walking distance to Tangjeong Station on Line 1 and easy access to various lifestyle convenience facilities such as education, nature, and daily living.
The reason why location and product quality are emphasized is attributed to the government’s loan regulation impact. After the government introduced the first phase of the Stress DSR in February this year to curb household loans, the real estate market shifted to focus on actual demand, spreading buying sentiment centered on so-called “smart single properties” with excellent living conditions. Furthermore, with the full implementation of the second phase of Stress DSR starting this month (September), the concentration of demand for complexes with superior location environments is expected to intensify.
Meanwhile, HDC Hyundai Development Company, Hyundai Engineering & Construction, and POSCO E&C plan to launch “City O Ciel Complex 6” in September. This complex will be a large branded complex consisting of 9 buildings ranging from 2 basement floors to a maximum of 47 floors above ground, with a total of 1,734 households sized between 59 and 134 square meters.
This complex is a station-area complex within walking distance of the soon-to-be-opened Hakik Station on the Suin-Bundang Line. The Suin-Bundang Line connects Gangnam-gu Office, Apgujeong Rodeo, Suseo, and other Seoul Gangnam areas as well as Suwon, Bundang, and Pangyo without transfers, and it links with many lines operating in the metropolitan area, enabling easy access to Seoul and the metropolitan region.
Additionally, Songdo Station, one stop from Hakik Station, is near the upcoming Wolgot-Pangyo Line (Wolpan Line), which will connect the southern metropolitan area east to west from Siheung Wolgot to Seongnam Pangyo over a total length of 34.15 km. Also, the Incheon-origin KTX project connecting Incheon to Busan and Mokpo is underway.
The model house is located in the Aam-daero area of Michuhol-gu, Incheon (near the maintenance complex intersection), and is scheduled to open in September.
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