Few New Apartments in Incheon... Mid-to-Large Units at "City Ociel 7th Complex" Draw Attention

- Incheon Faces Severe Shortage of New Apartments... Scarcity of Large-Sized Units Reaches New Heights
- "More Space for the Same Budget"... City Ociel 7th Complex Emerges as the Optimal Alternative

This year, the supply of new apartments in the Incheon area has plummeted, deepening concerns among prospective homebuyers hoping to secure their own homes.

According to data from Korea Real Estate Board's Cheongyak Home, the number of units supplied in Incheon's subscription market during the first half of this year totaled 1,889. This represents a decrease of approximately 68% compared to the first half of last year, when 5,945 units were supplied. Furthermore, due to market instability, even complexes that were scheduled to be released this year have postponed their sales schedules, exacerbating the shortage of new supply.

As the supply drought continues, newly launched apartment complexes are selling out more quickly. "Raemian Songdo Station Centripole," which was released in October and December last year, sold out in a short period after its subscription opened. "Songdo Xi Punggyeongchae Granoble," which was released in March last year, also announced a complete sell-out in September, successfully clearing unsold inventory.

In particular, most of the sharply reduced supply consists of small and medium-sized units, making large-sized apartments truly rare and highly sought after.

In fact, out of the 13,405 units supplied in Incheon last year, only 3,612 units (27%) were medium to large-sized. In the first half of this year, only 210 out of 1,889 units supplied (11%) were medium to large-sized, making such units even more scarce.

As a result, homebuyers are naturally turning their attention to new complexes offering large-sized units, with City Ociel 7th Complex emerging as a prime example. The exclusive 102㎡ units here are priced starting at 734.1 million KRW, and the 110㎡ units start at 801.9 million KRW, highlighting their price competitiveness. Compared to the minimum price of 809 million KRW for an 84㎡ unit at "Harrington Square Sanggok Station" recently released in Bupyeong-gu, the prices for the 102㎡ and 110㎡ large-sized units at City Ociel 7th Complex are actually more reasonable.

This is being evaluated as a golden opportunity to secure a larger and more comfortable living space within a limited budget. Accordingly, City Ociel 7th Complex is emerging as the optimal alternative for savvy homebuyers seeking to maximize residential satisfaction.

An industry insider explained, "Currently, Incheon faces a very limited supply of new apartments, especially large-sized units. In such times, places like City Ociel 7th Complex, which offer spacious and comfortable large-sized units at reasonable prices, are seen as a much-needed oasis for genuine homebuyers."

City Ociel 7th Complex, currently being sold jointly by HDC Hyundai Development Company, Hyundai Engineering & Construction, and POSCO E&C in Block 4 of the Incheon Yonghyeon-Hakik District 1 Urban Development Zone in Michuhol-gu, Incheon, is a large-scale branded complex consisting of nine buildings, ranging from three basement levels to up to 47 above-ground floors, with exclusive areas from 59㎡ to 137㎡, totaling 1,453 units. As it is being developed by top-tier domestic construction companies, its brand value and status in the region are unparalleled.

Located in Michuhol-gu, Incheon, City Ociel is a large-scale branded town that goes beyond the traditional concept of a city, setting a new standard for future residential culture. With a total of over 13,000 residential units, as well as seamlessly connected core infrastructure for commerce, culture, and education, it is evolving into a fully self-sufficient city.

City Ociel 7th Complex boasts excellent transportation options. It is within walking distance of the planned Hakik Station on the Suin-Bundang Line, and GTX-B Cheonghak Station (planned) is set to be built just two stops away. This will solidify its status as a "transportation hub," surpassing even triple-station areas. The GTX-B line, which will connect Incheon National University Station to Maseok Station in Namyangju over a total distance of 82.8 kilometers, is expected to dramatically reduce east-west travel times in the metropolitan area once opened, greatly enhancing the value of City Ociel 7th Complex.

The educational environment for children is also a significant advantage. The plan for the new Yonghyeon-Hakik 2 Elementary School (tentative name), to be located right in front of the complex, has passed the Ministry of Education's central investment review, raising high expectations among parents. The school will be built on a 15,772㎡ site, with an affiliated kindergarten and 36 classes. In addition, there are various planned school sites within a 1km radius, offering an optimal location for parents seeking a safe and convenient educational environment for their children.

Currently, City Ociel 7th Complex is accepting first-come, first-served contracts for specific buildings and units, and as the remaining units are nearing sell-out, inquiries from prospective buyers are flooding in. Detailed sales information can be found on the official City Ociel 7th Complex website.