Excluding 'One Household Two Houses', Second House 'Seocheon Station The Terrace Private 43'

Tax Benefits Excluding 1 Household 2 Houses
Built in European-style Villas... 2 Parking Spaces per Household

Close to Samsung Electronics Giheung Campus and Kyung Hee University International Campus

Development Benefits Including Nearby 'Yongin Platform City Development Project'

Perspective view of the small urban lifestyle housing "Seocheon Station The Terrace Private 43" supplied by Wellstone Asset Management in Seocheon-dong, Giheung-gu, Yongin-si, Gyeonggi Province. Provided by Wellstone Asset Management

Wellstone Asset Management announced on the 8th that it is currently selling 'Seocheon Station The Terrace Private 43' in Seocheon-dong, Giheung-gu, Yongin-si, Gyeonggi Province, a small-sized housing excluded from the housing count.

'Seocheon Station The Terrace Private 43' is a small urban lifestyle housing with 3 basement floors, 3 above-ground floors, a net usable area of 39.06㎡, and a total of 43 households. The sale price is around 300 million KRW.

This housing is excluded from the housing count when purchased. According to the Ministry of Land, Infrastructure and Transport's '8·8 Supply Plan,' since the 18th of last month, non-apartment housing owners such as single-family and multi-family houses with exclusive areas under 85㎡, official prices under 500 million KRW in the metropolitan area and 300 million KRW in other regions, row houses, multi-unit houses, and urban lifestyle housing are excluded from the housing count. For non-homeowners, even if they purchase this housing, they can apply for apartment subscription with non-homeowner status.

Additionally, first-time buyers of this housing can receive an acquisition tax reduction of up to 3 million KRW. Homeowners who purchase additional small housing and register it for rental are excluded from the housing count, reducing comprehensive real estate tax and capital gains tax burdens.

This housing is built in a European villa style, and terraces are provided free of charge to all households. The interior features 2.5 rooms, which is rare in small-sized housing. Contract holders can freely choose the interior and furniture colors. On the 3rd floor, all households have duplexes up to 2.4m high, approximately 29.61㎡ in size.

Unlike general urban lifestyle housing, this housing provides two parking spaces per household (one exclusive and one visitor), a residents-only car wash, and exclusive storage. Additionally, lifestyle convenience facilities such as a European-style outdoor cinema, fitness center, and screen golf course will be established. A home network solution controlling all built-in appliances through a single app and a state-of-the-art security system will also be introduced.

It is close to Samsung Electronics Giheung Campus (about 2 km) and Kyung Hee University International Campus (about 500 m). When the GTX Line A of the metropolitan area rapid transit opens in 2028 and the Indeokwon-Dongtan double-track railway is completed in 2029, Samsung Electronics Station will be located in front of the complex.

Nearby development is also underway. Existing Seocheon residential development district and Suwon Yeongtong are well equipped with lifestyle convenience facilities, and the Yongin Platform City development near Seocheon-dong is also progressing.

Industry experts said, "In the future, the government will ease various regulations such as building area restrictions on urban lifestyle housing to move away from apartment-centered supply," adding, "With the increase of high-income one- to two-person households, high-quality small housing supplied in favorable locations will become a new trend."