Real Estate Market Heats Up After Presidential Election, Rising Interest in 'Yongin Prugio One Cluster 2·3 Complex'

- Numerous Cases of Apartment Price Surges After Past Administration Changes
- "Yongin Prugio One Cluster 2·3 Complex" Draws Attention for Embracing Yongin's Full Future Value

There is growing interest in the outlook for the real estate market following the presidential election. Quick-moving investors are already competing to secure prime locations. In fact, record-high prices are being reported for landmark properties, and apartment prices in the Seoul metropolitan area are on the rise again, leading to a significant increase in demand from buyers seeking to secure apartments with high future value that will represent their regions.

The reason why the current real estate market is attracting attention, especially from astute investors, is because there have been past cases where a change in administration led to the largest real estate boom in history. According to data from Real Estate R114, after the 16th presidential election and the change of administration in 2003, nationwide apartment prices rose by 63.67% over the next five years until 2008. Considering that prices fell by 3.25% in the following five years (2008?2013), it is clear that a change in government has a significant impact on the real estate market.

After the 19th presidential election, nationwide apartment prices increased by 72.41% over the five years from 2017 to 2022. In particular, from 2020 to 2021 alone, apartment prices soared by 41.99%, which is still regarded as the largest real estate boom in history.

The recent atmosphere in the real estate market is also noteworthy. According to the Korea Real Estate Board, apartment prices in the Seoul metropolitan area have been on the rise since the last week of February. In Gyeonggi Province, apartment prices in Yongin have increased for four consecutive weeks since the first week of May.

A real estate expert said, "Since presidential elections have historically had a major impact on the real estate market, the current atmosphere is also significant. The Bank of Korea's base interest rate fell to 2.5% last month, and there is a possibility it could drop further within the year, so much of the uncertainty surrounding real estate has been resolved."

Yongin Prugio One Cluster 2·3 Complex Bird's-Eye View

Amid fierce competition to secure landmark properties before the next real estate boom, inquiries about the 'Yongin Prugio One Cluster 2·3 Complex' in the Seoul metropolitan area are increasing. The complex is gaining attention for benefiting fully from the future value of the Yongin semiconductor cluster and for offering financial benefits that ease the burden on buyers.

Currently, 'Yongin Prugio One Cluster 2·3 Complex,' which is conducting first-come, first-served contracts for remaining units by building and unit, announced its tenant recruitment notice on April 16. As a result, it is subject to the previous Stage 2 DSR regulations. The down payment has been reduced to 5%, with the first installment set at a fixed rate of 5 million won. Units can be resold six months after the winner announcement date, and notably, the resale period arrives before the interim payment loan is finalized.

◆ The biggest beneficiary complex of the semiconductor cluster in Yongin

Yongin Prugio One Cluster 2·3 Complex is located next to National Route 45, which leads to the 'Advanced System Semiconductor Cluster National Industrial Complex,' and is also connected to Local Route 57, which leads to the 'Yongin Semiconductor Cluster General Industrial Complex.' All so-called 'semiconductor roads' are adjacent to the complex, making this a standout feature.

First, in the Wonsam-myeon area, SK Hynix is developing the 'Yongin Semiconductor Cluster General Industrial Complex.' In February, construction began on the first semiconductor fabrication plant (fab) on a site of 4.15 million square meters. SK Hynix plans to develop this site as a next-generation DRAM production base, including high-bandwidth memory (HBM). After completing the first fab, SK Hynix will sequentially construct the remaining three fabs.

In addition, the creation of the 'Advanced System Semiconductor Cluster National Industrial Complex' is also accelerating. In April, LH announced the selection of a contractor for Section 1 of the 'Yongin Advanced System Semiconductor National Industrial Complex Construction Project,' which will be carried out using the Construction Management at Risk (CMR) method. Construction is scheduled to begin in 2026, with completion targeted for 2031. Once the industrial complex is completed, Samsung Electronics plans to invest 360 trillion won to sequentially build six semiconductor fabs at the site.

In particular, at the end of May, Yongin City announced that it had begun the basic and detailed design for the 'Phase 1 Integrated Water Supply Project for Yongin Semiconductor Industrial Complexes' to establish water supply infrastructure for the two semiconductor clusters, signaling that the project will now proceed at a faster pace.

An official from a local real estate agency said, "With the presidential election concluded, various political uncertainties have been greatly reduced, and end-users who had been waiting are now starting to move. In particular, the proportion of investment-oriented clients seeking to secure future value has increased significantly."

Meanwhile, Yongin Prugio One Cluster 2·3 Complex is located in Namdong, Cheoin-gu, Yongin-si, Gyeonggi-do (Eunhwasam District), and consists of a total of 2,043 units with exclusive areas of 59 and 84 square meters. Move-in is scheduled for February 2028.