‘The Sharp Sokcho Prime View’ Launches First-Come, First-Served Sales Amid Interest Rate Cut Expectations

- Expectations Rise for Base Rate Cut as Interest Rate Gap Narrows Between Korea and the US
- 'The Sharp Sokcho Prime View' Offering First-Come, First-Served Sales, Enjoying Yeongnang Neighborhood Park Like a Backyard

Recently, the possibility of an additional base interest rate cut by the Bank of Korea is increasing. Following the U.S. Federal Reserve's significant 0.5%p rate cut (big cut) in September, it lowered the base rate by another 0.25%p in November. As a result, the interest rate gap between Korea (3.25%) and the U.S. has narrowed to 1.50%p, raising expectations for a domestic base rate cut.

A base interest rate cut typically acts as a major factor that revitalizes the real estate market. When interest rates fall, loan interest rates decrease, reducing the interest burden on homebuyers. Consequently, the industry expects real estate transactions to become active again, and the sales market to regain momentum.

An industry insider stated, "As the interest rate gap between Korea and the U.S. narrows, the outlook for a domestic rate cut is growing." They analyzed, "If a rate cut occurs, the easing of loan interest burdens is expected to increase demand in the sales market."

In other words, lower interest rates reduce the psychological barriers to purchasing homes, which could positively impact the sales market.

With growing expectations for a base rate cut, attention is also focused on ‘The Sharp Sokcho Prime View,’ a first-come, first-served sale by POSCO E&C in the Geumho-dong area of Sokcho City, Gangwon Province.

This apartment complex is designed as a branded large-scale complex with 1,024 households across 8 buildings, ranging from 84 to 110㎡, 136 to 180㎡ (duplex), and 142 to 147㎡ (penthouse), spanning from 4 basement floors to 33 above-ground floors.

‘The Sharp Sokcho Prime View’ has successfully completed both special and general supply sales and is currently conducting first-come, first-served contracts for some remaining units. The advantage of the first-come, first-served contracts is that buyers can directly choose their preferred building and unit number without a lottery.

The apartment is developed under a private park special project and offers residents the benefit of enjoying Yeongnang Neighborhood Park as if it were their backyard. The park is designed with various themed gardens, allowing residents to enjoy distinctive gardens such as Spring Hills, Citizens' Yard, Seorak Hills, and Dreaming Hill up close. Additionally, there are walking trails connected to the complex, Yeongnang Lake Park, and Yeongnang Lake Country Club, providing a pleasant living environment in daily life.

The transportation environment is also excellent. Near the complex is the Sokcho Intercity Bus Terminal, and access to Gangneung, Yangyang, and Goseong is convenient via National Route 7 and Donghae-daero. Furthermore, the East-West High-Speed Railway (KTX) and Donghae Northern Line, scheduled to open in 2027, will enable travel from Seoul Yongsan to Sokcho in approximately 99 minutes.

The Sharp Sokcho Prime View also offers excellent educational environments for children. Kyodong Elementary and Seorak Middle School are within walking distance, and Sokcho Middle, Haerang Middle, Sokcho Girls' High School, as well as a cluster of private academies, are nearby, providing outstanding educational conditions.

The largest community facilities in Sokcho City will also be provided. These include a Sports Zone for leisure and health, an Edu-Family Zone for children's education and family needs, and a Public Zone for childcare and relaxation. The Sports Zone features various sports spaces such as fitness, GX room, Pilates, golf practice range (8-screen bays), screen golf (2 locations), sauna (hot and cold baths), table tennis room, private GX, care exercise room, and healthcare lobby. The Edu-Family Zone consists of an edu lounge, private study rooms, multi-studio, media seminar room, book caf?, kids' room, and duplex The Sharp caf?. Additionally, a daycare center, community care center, senior citizens' center, guest house, and shared dining facilities are planned.

Convenient living facilities are abundant. Near the complex are Sokcho Rodeo, Deungdae Beach, Sokcho Tourism and Fisheries Market, and E-Mart, allowing for various shopping and leisure activities.

Meanwhile, the model house for ‘The Sharp Sokcho Prime View’ is located in the Joyang-dong area of Sokcho City.