Rational Pricing and Prime Location Next to Seoul
Driving Strong Demand and Raising Expectations for a Sell-Out
The Gwangmyeong Yuseunghannaedeul Laforet, part of the Gureumsan District Urban Development Project in Gwangmyeong City, continues to generate strong demand in its discretionary supply subscription, raising expectations for a complete sell-out.
According to the Korea Real Estate Board, Gwangmyeong Yuseunghannaedeul Laforet attracted 231 applicants for 12 units of 83·93㎡ exclusive area in the fourth round of discretionary supply subscription held over two days on June 18 and 19, recording an average competition ratio of 19.25 to 1. The highest competition ratio was for the 83㎡A type, which reached 24 to 1.
As a result, the complex is expected to see smooth progress in the upcoming contract phase, further fueling expectations of a sell-out. The winners will be announced on Tuesday, June 24, and contracts will be signed on Friday, June 27.
▣ Rational Pricing Stands Out Amid Soaring Seoul Apartment Prices, Drawing Strong Interest
Industry analysts attribute the strong interest in the discretionary supply subscription for Gwangmyeong Yuseunghannaedeul Laforet to its rational pricing, which stands in stark contrast to the rapidly rising pre-sale prices of apartments in Seoul.
In fact, the pre-sale prices of private apartments in Seoul have continued to rise. According to the "Private Apartment Pre-sale Price Trends" released by the Housing and Urban Guarantee Corporation (HUG) as of the end of May, the average pre-sale price for private apartments in Seoul was 45,683,000 KRW per 3.3㎡ (one pyeong). This represents a 0.4% increase from the previous month (45,498,000 KRW) and an 18.05% increase from one year ago (38,698,000 KRW).
Additionally, data analyzed by Real Estate R114 on pre-sale apartment prices from June 2024 to May 2025 shows that the average pre-sale price for an 84㎡ exclusive area apartment in Seoul reached 1,767,350,000 KRW, indicating a sharp upward trend.
In comparison, Gwangmyeong Yuseunghannaedeul Laforet stands out for its rational pricing, with units priced in the 800 million KRW range (average pre-sale price of 29 million KRW per 3.3㎡), which is approximately 1 billion KRW less than comparable apartments in Seoul.
Especially in the Seoul metropolitan area adjacent to Seoul, including Gwangmyeong, Gwacheon, and Seongnam, not only have apartment pre-sale prices surged, but transaction prices have also continued to rise, surpassing previous peaks. This further enhances the price advantage of the complex, according to industry evaluations.
▣ Effectively Part of the Seoul Living Area with Excellent Accessibility and Outstanding Residential Conditions
Meanwhile, Gwangmyeong Yuseunghannaedeul Laforet is an apartment complex located on Block A4, one of six blocks in the Gwangmyeong Gureumsan District Urban Development Project (totaling 5,029 units). It consists of 10 buildings with 2 basement levels and up to 18 floors above ground, offering a total of 444 units. Unlike Gwangmyeong Cheolsan, which mainly supplied small-sized units, this complex features medium to large-sized units of 83·93㎡ exclusive area, all designed with a four-bay layout.
The complex is located in Gwangmyeong City, an area considered part of the Seoul living zone, providing excellent accessibility to Seoul. Residents benefit from convenient access to KTX Gwangmyeong Station, Seoul Subway Line 1 and Line 7, as well as proximity to Soha IC, the Second Gyeongin Expressway, and the Gangnam Circular Expressway, enabling travel to the Gangnam area in about 20 minutes. Additionally, Seomyeon Elementary School and Anseo Middle School are within walking distance, ensuring a safe and high-quality educational environment for children.
Furthermore, the Gureumsan Urban Nature Park, which is about three times the size of Yeouido Park (approximately 670,000㎡), is nearby, offering a pleasant living environment. Residents also have access to abundant lifestyle infrastructure, including IKEA, Lotte Mall, Costco, and Emart in the Gwangmyeong Station area.
Moreover, the Gureumsan District, where the complex is located, is expected to form a new residential hub and expand Gwangmyeong's residential area through various surrounding housing developments, raising expectations for future value. In fact, development is underway in the nearby Gwangmyeong Siheung District, a third-generation new city, and projects are also planned for Gwangmyeong Hakhon District and Gwangmyeong Haan 2 District, which are expected to create synergistic effects.
More detailed information on Gwangmyeong Yuseunghannaedeul Laforet can be found by visiting the model home or the official website. The model home is located in Seoksu-dong, Manan-gu, Anyang-si, Gyeonggi-do.
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