Attention on the Last Supply Complex in Taejeon District, 'Gwangju Taejeon Gyeongnam Honorsville Limited'

House prices in the Taejeon district located in Gwangju-si, Gyeonggi-do, are on the rise, leading to increased interest in the supply complexes.

According to the Ministry of Land, Infrastructure and Transport's real transaction price disclosure system, an 84㎡ unit in ‘e-Pyeonhansesang Gwangju Station Complex 2’ located in Yeokdong, Gwangju-si, was traded for 720 million KRW in August last year. The previous transaction was in May at 650 million KRW, marking a 70 million KRW increase in just three months. Compared to the 2016 sale price (around 340 million KRW), the price has more than doubled.

In the case of an 84㎡ unit in ‘Hillstate Taejeon District 6’ located in Taejeon-dong, Gwangju-si, the price dropped to 610 million KRW in September 2023 but has shown a recovery trend with transactions at 652 million KRW in June 2024 and 680 million KRW in August 2024. Considering the sale price at the time of the 2017 launch was around 390 million KRW, the house price has increased by approximately 1.7 times.

The reason why house prices in the Taejeon district are rising despite the difficult real estate market conditions is due to its ‘excellent accessibility to Seoul.’ By car, one can use the Taejeon Junction (JC), and by public transportation, the Gyeonggang Line Gyeonggi Gwangju Station allows travel to Seoul Gangnam within 30 minutes. Additionally, major transportation developments such as the Seoul-Sejong Expressway, the planned Suseo-Gwangju double-track railway, and the proposed GTX-D line are supporting the rise in house prices.

Given this situation, attention is also focusing on ‘Gwangju Taejeon Gyeongnam Honorsville Limited,’ the last supply complex in the Taejeon district. The complex is located in Jangji-dong, Gwangju-si, Gyeonggi-do, consisting of 4 buildings from 2 basement floors to 28 floors above ground, with a total of 404 units of 84㎡.

‘Gwangju Taejeon Gyeongnam Honorsville Limited’ has lowered the down payment to 5%. Typically, a down payment of 10% to as much as 20% of the sale price is required for contracts, but this complex reduces the initial financial burden for buyers by setting the first down payment at 10 million KRW. The second down payment (5%), excluding the first, can be paid within 20 days. The resale restriction period is 6 months (starting from the initial winner announcement on September 20, 2024), allowing sales before the intermediate payment. It is also exempt from the stress DSR level 2 regulation, which reduces loan limits.

Since ‘Gwangju Taejeon Gyeongnam Honorsville Limited’ is built in the fully developed Taejeon district, residents can expect excellent living conditions. Using the Gyeonggang Line Gyeonggi Gwangju Station, convenient commuting to Pangyo (about 14 minutes) and Seoul Gangnam (about 31 minutes) is possible.

Educational conditions are also favorable. It is located within walking distance to Gwangnam Elementary School, providing a safe school zone. Additionally, many elementary, middle, and high schools such as Taejeon Elementary, Taeseong Elementary, Gwangnam Middle, Taejeon High, and Gwangnam High are nearby, along with libraries and academies.

Right next to the complex is Jikri Stream, ideal for walks or light exercise, and some units offer views. Nearby green spaces such as Gwangnam Sports Park, Taejeon 1 & 2 Children’s Parks, and Taejeon Big Star Park provide a pleasant residential environment.

The model house is located in Jangji-dong, Gwangju-si, Gyeonggi-do.