New Brand Apartment 'Jeonju Raon Private Festive' to Launch in Wansan-gu, Jeonju in July

- Jeonju Apartment Market in North Jeolla Province Enjoys Ongoing Subscription Success from 2023 to This Year
- Proven Residential Value Drives Clear Home Price Growth... New Launches This Summer Draw Attention

There is growing interest as news emerges of new apartment launches in promising regions that have seen heated subscription demand in recent years.

Jeonju in North Jeolla Province is a prime example. This city has maintained a strong subscription atmosphere even amid a nationwide real estate downturn. According to Korea Real Estate Board’s Cheongyak Home, all apartment complexes launched in Jeonju from 2023 through June 2025 recorded excellent subscription results.

Specifically, by June 2025, two apartment complexes in Jeonju offered a total of 1,055 units (excluding special supply), attracting over 20,000 subscription applications. Last year, three apartment complexes drew as many as 104,800 applicants, resulting in a high competition rate of 93.6 to 1.

Amid this intense subscription demand, housing prices are also clearly on the rise. According to the Korea Real Estate Board, the average apartment sale price in Jeonju increased by 8.92% over the past two years. This is more than four times higher than the average increase of 1.92% for apartments in non-metropolitan regions (excluding the Seoul metropolitan area and major cities) during the same period. It is also 1.27 percentage points higher than the nationwide average increase of 7.65%.

Real estate experts commented, "Jeonju is one of the rare regions where steady subscription demand has been observed even during the nationwide real estate slump," and added, "The high competition rates and strong demand from actual homebuyers are not just temporary phenomena, but rather reflect the region’s residential appeal and expectations for future value. Therefore, interest in the area is likely to continue."

- Jeonju’s central living district continues its subscription success... New apartments in Wansan-gu draw attention

Amid this, "Jeonju Raon Private Festive" is set to be launched in July in Pyeonghwa-dong, Wansan-gu, Jeonju, North Jeolla Province, drawing significant attention. As a new apartment in Wansan-gu, which has become the core and central living district of Jeonju’s subscription boom, it is expected to attract strong interest from homebuyers.

"Jeonju Raon Private Festive" is located in Pyeonghwa-dong 2-ga, Wansan-gu, Jeonju, North Jeolla Province, and consists of seven buildings with three basement floors and up to 29 floors above ground. All 507 units, each with an exclusive area of 84 square meters, will be offered for general sale. By detailed type, there are 366 units of 84㎡A and 141 units of 84㎡B. The area around Pyeonghwa-dong in Wansan-gu, where this apartment will be built, boasts an excellent residential environment and is expected to benefit from various ongoing development projects in the vicinity.

First, the area offers convenient transportation. Nearby Moak-ro provides easy access to downtown, and both Seojeonju IC and Dongjeonju IC are close by, allowing quick travel to other cities via the Honam Expressway and Suncheon-Wanju Expressway. Once the Saemangeum-Jeonju Expressway, scheduled to open at the end of this year, is completed, the transportation environment will improve even further. Residents can also use KTX Jeonju Station, Jeonju Express Bus Terminal, and Jeonju Intercity Bus Terminal.

The area also stands out for its excellent educational environment. "Jeonju Raon Private Festive" is within walking distance of Jeonju Jigok Elementary School and Jeonju Pyeonghwa Middle School, which is expected to draw high interest from parents as it ensures safe commutes for young students. The local academy district in Pyeonghwa-dong and Jeonju Municipal Pyeonghwa Library are also nearby, making it ideal for creating a learning-friendly atmosphere.

The abundance of lifestyle infrastructure and a pleasant residential environment are also noteworthy. Nearby, there are convenience facilities such as Hanaro Mart, Lotte Cinema, and the National Sports Center, as well as medical facilities like Jeonju Hospital. In addition, there are parks such as Jisije Ecological Park, Wansan Park, and Oknyubong in the vicinity. The apartment also offers views of Moaksan Mountain, further enhancing the comfort of the residential environment.

The residential environment of "Jeonju Raon Private Festive" is expected to improve even more. The "Jeonju Prison Relocation Project" will create various complex cultural spaces in the surrounding area. According to Jeonju City, plans are underway to build the "National Modu Arts Complex," which will include functions such as an arts center and education center, as well as a branch of the National Library of Korea specializing in culture and the arts.

- Raon Construction’s product quality recognized nationwide... Jeonju’s first "Raon Private" draws attention!

"Jeonju Raon Private Festive" is the first "Raon Private" project by Raon Construction in Jeonju, North Jeolla Province. Raon Construction has led successful apartment launches not only in metropolitan areas such as Seoul, Suwon, and Namyangju, but also in Daegu, Jinju (Gyeongnam), Wonju (Gangwon), and Buan (North Jeolla). In particular, in Jeju, the company has ranked first in construction capability evaluations for eight consecutive years from 2017 to 2024, earning a reputation as a highly trusted brand.

Raon Construction’s product quality has been recognized across the country. Accordingly, there is high interest in "Jeonju Raon Private Festive," the company’s first apartment project in Jeonju.

All units are designed with a 4-bay, south-facing layout to maximize sunlight and ventilation. The apartments also feature storage spaces such as dress rooms and pantries to enhance space utilization. The complex is designed as a park-type apartment, and various community facilities for residents, including a fitness center, indoor golf range, small library, and a community care center, will be provided within the complex.

For "Jeonju Raon Private Festive," any Jeonju resident aged 19 or older can apply for first-priority subscription, regardless of whether they are the head of household or a family member. Homeowners are also eligible for first-priority subscription. There are no restrictions on re-winning, no obligation for actual residence, and no resale restrictions on the subscription rights.

The model house for "Jeonju Raon Private Festive" is scheduled to be set up in the Hyocheon-dong area of Wansan-gu, Jeonju, North Jeolla Province.