- 'Yangju Station Prugio Center Park' Changes the Landscape of Yangju Pre-sale Market, Landmark Occupation Opportunity
- Winners Announced on November 5 (Tue), Official Contracts from November 18 (Mon) to 20 (Wed)
Recently, a clear recovery trend has emerged in the real estate market in the northern Gyeonggi region. Not only are existing listings being absorbed, but new apartment complexes are also succeeding in sales, leading to opinions that now is the optimal time to start investing in real estate.
According to data from the Korea Real Estate Board, the total number of apartment sales transactions in northern Gyeonggi (8 cities and 2 counties) from January to August this year reached 21,911, representing an approximately 30.69% increase compared to 16,765 transactions during the same period last year (January to August 2023). In particular, the transaction growth rates in Namyangju, Paju, and Uijeongbu?where GTX lines are planned?were 41.55%, 35.14%, and 32.97%, respectively, showing a significant increase in volume.
As transactions revive, existing residential complexes in the northern Gyeonggi area are not only being sold at record prices but are also recovering their previous peak prices. According to actual transaction data from the Ministry of Land, Infrastructure and Transport, a 98㎡ unit in ‘Uijeongbu Station Central Xi & Weave Castle’ (moved in July 2022) in Uijeongbu-dong, Uijeongbu City, was sold for 1.03 billion KRW in August this year. Similarly, an 84㎡ unit in ‘DMC Xi The River’ (moved in November 2022) in Deogeun-dong, Deogyang-gu, Goyang City, was sold for 1.25 billion KRW in August, both setting new record prices.
Given this situation, the subscription market is also showing changes. The prelude to subscription success was opened by Daewoo E&C’s ‘Yangju Station Prugio Center Park’ launched in October. The complex recorded the highest number of subscription applications among the nine complexes launched in Yangju over the past three years, changing the landscape of the Yangju sales market. This is analyzed as a result of excellent products, location, and future value being recognized by buyers.
Industry experts analyze that this subscription result indicates signs of recovery in the northern Gyeonggi real estate market. Currently, real estate agencies are also raising listing prices, reflecting a recent change in the market atmosphere. Accordingly, it is believed that securing new complexes now, before price increases accelerate further, is a way to prepare for price rises and maximize capital gains.
In fact, Yangju Station Prugio Center Park offers a reasonable sale price compared to surrounding market prices and benefits such as full interest-free payments on intermediate payments, reducing financial burdens. Considering its future value as the first complex in the Yangju Station area urban development project and its potential to become the leading complex in the region, its price competitiveness is even higher.
A sales official stated, “The area around the complex is not only part of the Yangju Station area urban development project but also sees active development projects such as Yangju Techno Valley, making it a highly promising emerging residential area. As new complexes move in, a large-scale residential town is expected to be formed, making now an excellent opportunity to secure a leading complex at a reasonable price.”
Meanwhile, this complex, located in Block Joint 5 (A1) within the Yangju Station area urban development project district plan in Nambang-dong, Yangju City, consists of 8 buildings ranging from 3 basement floors to 29 above-ground floors, offering a total of 1,172 units with exclusive areas of 59㎡ and 84㎡. It provides a 5% down payment and full interest-free benefits on intermediate payments. The resale restriction period is 6 months, allowing resale of the pre-sale rights before the first intermediate payment is made, with no restrictions on re-winning or mandatory residence periods.
The announcement of winners will be on Tuesday, November 5, and the official contract period will be held over three days from Monday, November 18 to Wednesday, November 20. The expected move-in date is February 2028, and the model house is located in Deokgye-dong, Yangju City.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
