Chuncheon's Highly Anticipated "Chuncheon Lake City 2nd Phase I-Park" Set for August Launch

- A total of 218 units with exclusive areas of 84㎡ and 144㎡ offered, a golden opportunity to move into the desired I-Park
- Prime location adjacent to Gongjicheon and Uiamho Lake offers excellent views and is ideal for residential living

Expected view of Uiamho Lake as seen from the complex location

The "I-Park" boom is expected to sweep through Chuncheon City, Gangwon Province once again. Following the launch of "Chuncheon Lake City I-Park" in July 2023, "Chuncheon Lake City 2nd Phase I-Park" is now scheduled for sale in August.

Since HDC Hyundai Development Company first supplied "Janghak I-Park" in the Dong-myeon area of Chuncheon in 2011, the "I-Park" brand apartments have come to represent more than just residential buildings for Chuncheon citizens. They have established themselves as irreplaceable apartments, highly preferred and satisfying for residents.

Each time a new complex is supplied, the product quality and specialized designs are further upgraded. As the unique value of the "I-Park" brand continues to spread not only in Chuncheon but also in the national real estate market, there are high expectations and strong interest from buyers for this new "Chuncheon Lake City 2nd Phase I-Park" as well.

In particular, the local real estate industry overwhelmingly believes that this project will defy concerns about a slowdown in the new housing market, which were raised due to loan regulations centered around Seoul.

Such optimism is well-founded, as the first phase attracted a total of 13,237 applicants for the 477 general supply units (excluding special supply), resulting in an average subscription competition ratio of 27.75 to 1 and a peak of 104 to 1. This means that more than 10,000 people competed to secure a spot in I-Park.

Furthermore, after the first phase, I-Park brand apartments have been supplied in major regions nationwide, demonstrating brand premium in various locations. As investors who have observed this trend flock to the area, the overall real estate market in Chuncheon is expected to heat up even further.

An official from a real estate agency in Chuncheon commented, "Even though there is still a month left before sales begin, inquiries from potential buyers about the second phase have been nonstop. In particular, the large 144㎡ units are rarely supplied, so investors are already making moves in advance," describing the current situation.

■ About "Chuncheon Lake City 2nd Phase I-Park"

Developed by HDC Hyundai Development Company, "Chuncheon Lake City 2nd Phase I-Park" will be located in the Samcheon-dong area of Chuncheon, adjacent to the first phase. It will consist of three buildings with four basement levels and 29 above-ground floors, offering a total of 218 units with exclusive areas of 84㎡ and 144㎡.

This new phase is even closer than the first to Gongjicheon and Uiamho Lake, which are not only iconic landmarks of Chuncheon but also popular urban retreats. Residents will be able to enjoy leisure and relaxation near home by utilizing the nearby walking trails, parks, and sports facilities. In addition to waterfront views, lower-floor residents will also benefit from premium landscaping.

Thanks to these locational advantages, when Chuncheon citizens think of Gongjicheon and Uiamho Lake, "Chuncheon Lake City 2nd Phase I-Park" will naturally come to mind. The complex is expected to become known as the representative I-Park brand apartment in Chuncheon.

Given its excellent location, it is an ideal choice for those seeking to live there themselves. "Chuncheon Lake City 2nd Phase I-Park" is situated in a spot that offers a true one-stop lifestyle within Chuncheon.

Lotte Mart Chuncheon, E-Mart Chuncheon, and Hanaro Mart Chuncheongangnam are all within a 1km radius, providing convenient shopping options. Cultural, administrative, and medical facilities such as KT&G Sangsangmadang Chuncheon Art Center, Megabox Namchuncheon, Chuncheon City Hall, Chuncheon District Court, Kangwon National University Hospital, and Hallym University Chuncheon Sacred Heart Hospital are also easily accessible. In addition, schools such as Chuncheon City Youth Library, Onui and Samcheon Elementary Schools (planned), Namchuncheon Elementary, Chuncheon Middle, and Chuncheon High are located throughout the area.

It also offers excellent proximity to workplaces, with easy access to Legoland Korea Resort, Chuncheon Urban High-Tech Information Industry Complex, Hupyeong General Industrial Complex, and Naver Urban High-Tech Industrial Complex.

Since "Chuncheon Lake City 2nd Phase I-Park" is supplied in Chuncheon, which is geographically adjacent to the Seoul metropolitan area, residents can enjoy a metropolitan lifestyle. The complex is within reach of Gyeongchun Line Chuncheon Station and Namchuncheon Station, allowing for direct access to Seoul Cheongnyangni Station.

Chuncheon Express Bus Terminal and Chuncheon Intercity Bus Terminal are also available. By car, residents can access the Jungang Expressway and Seoul-Yangyang Expressway via Chuncheon IC, providing excellent connectivity to Seoul and the greater metropolitan region. In addition, the East-West High-Speed Railway project (planned), which will connect Yongsan Station, Chuncheon Station, and Sokcho Station, as well as the second Gyeongchun National Road project linking Namyangju, Gapyeong, and Chuncheon, are in the works, promising further improvements in transportation convenience. Expectations are also high for enhanced convenience and increased property values due to the planned extension of the GTX-B line to Chuncheon, which will connect Incheon Songdo, Yeouido Station, Yongsan Station, and Seoul Station.

"Chuncheon Lake City 2nd Phase I-Park," which will officially go on sale in August, is not subject to the loan regulations of the 6.27 real estate measures. Residents of Chuncheon and Gangwon Province who have held a subscription savings account for more than six months are eligible to apply for first-priority subscription. Multiple homeowners and household members can also apply for first-priority, and there are no restrictions on winning multiple times.

Information on "Chuncheon Lake City 2nd Phase I-Park" can be found on the official website. The model home will be located near The Jackson 9s Hotel in the Geunhwa-dong area of Chuncheon.