Growing Demand Concentrates on 'Yangju Baekseok Moa Elga Grande'

- Accelerating Exodus from Subscription Accounts: End-Users Turn to 'First-Come, First-Served' Complexes
- Pre-Sale Prices in the 300 Million Won Range, 20 Minutes from Seoul: Yangju Moa Elga Attracts Real Residents

As the prices of new apartment units continue to soar, end-users are increasingly turning their attention to Yangju Baekseok Moa Elga Grande, a 'hot spot for real residence' located on the outskirts of Seoul. In the recent pre-sale market, complexes offered at reasonable prices that are not subject to loan restrictions have been attracting attention. In fact, more young people and end-users are giving up their subscription savings accounts, accelerating the trend of moving towards first-come, first-served sales complexes.

According to Korea Real Estate Board's Cheongyak Home, as of the end of June this year, there were a total of 2,009,500 subscribers with a subscription period of 4 years or more but less than 5 years. This figure is down 7.6% (about 165,000 people) compared to the same period last year. During the same period, the number of subscribers with a subscription period of 6 months or more but less than 1 year also plummeted by 9.2% (114,000 people).

This is interpreted as a result of the growing perception that, with pre-sale prices rising rapidly in the Seoul metropolitan area, it has become virtually impossible to purchase a home through the subscription system.

According to Real Estate R114, the average pre-sale price per 3.3 square meters for apartments in the Seoul metropolitan area rose from 17.8 million won in 2022 to 23.17 million won in 2024, marking an increase of more than 30% over two years. In addition, stricter standards for first-grade floor noise insulation and the mandatory Zero Energy Building (ZEB) certification have increased construction costs, further fueling upward pressure on pre-sale prices.

The problem is not just the price. Through the June 27 real estate measures, the government limited the maximum amount of mortgage loans in the Seoul metropolitan area to 600 million won and implemented the third stage of the stress DSR, significantly reducing end-users' borrowing capacity. As a result, buying a home in core areas of the metropolitan region has become little more than a pipe dream.

Under these circumstances, Yangju Moa Elga has been attracting end-users quickly with pre-sale prices in the 300 million won range, drawing attention as an alternative to Seoul. With first-come, first-served contracts currently underway, Yangju Moa Elga, which boasts excellent transportation, lifestyle infrastructure, and brand competitiveness, is emerging as a leading example of a 'cost-effective residential complex.'

In fact, in Yangju, Gyeonggi Province, 'Yangju Baekseok Moa Elga Grande,' supplied by Moa Construction Industry Co., Ltd. and Moa Housing Industry Co., Ltd., is receiving significant interest from end-users. Amid soaring pre-sale prices and tighter loan regulations, the complex's reasonable pre-sale price is once again coming into the spotlight.

The complex is being built in Bokji-ri, Baekseok-eup, Yangju, Gyeonggi Province, and will consist of 9 buildings with a maximum of 28 floors above ground and 2 basement levels, offering a total of 929 units with an exclusive area of 84 square meters. In particular, the starting pre-sale price in the 300 million won range is considered an exceptional value given the recent upward trend in metropolitan area pre-sale prices.

'Yangju Baekseok Moa Elga Grande' is not only being supplied at the rare price point of 300 million won for the standard unit size, but also offers various benefits to reduce the financial burden on buyers.

The down payment has been lowered to 5%, with the first installment set at a flat rate of 5 million won and the second installment offering interest support on loans (upon loan approval). In addition, buyers benefit from interest-free interim payments and a limited-time contract bonus of 5 million won, meaning there is virtually no cash outlay required until move-in?a factor that has spread by word of mouth and is accelerating contract signings.

'Yangju Baekseok Moa Elga Grande' is also expected to benefit from various development projects in the surrounding area, enhancing its future value. First, an extension of Seoul Subway Line 3 from Jichuk Station to Yangju Jangheung and Yangju Baekseok is underway. This line will pass through prime areas in Seoul, making commuting to Seoul much more convenient for Yangju residents once it opens.

The Seoul-Yangju Expressway, which will directly connect the first and second Seoul metropolitan ring expressways, is scheduled for completion in 2030. Other projects, such as the GTX-C Line connecting Yangju to Gangnam in under 30 minutes, and the extension of Seoul Subway Line 7 from Dobongsan to Okjeong and Pocheon, are also planned.

In addition, the area is expected to benefit from various urban development projects such as the Baekseok District and Gwangseok District planned for western Yangju. Once these projects are completed, new apartments will be built in the area, attracting more residents and significantly improving the living environment.

The complex is currently being sold on a first-come, first-served basis, and the housing exhibition center is located in Minlak-dong, Uijeongbu, Gyeonggi Province.