On Day 3 of Contracts, "Chuncheon Lake City Phase 2 I-Park" Sees Peak Demand

- As Home Prices Continue to Rise, Last-Minute Buyers Fuel Surging Demand on Day 3 of Legitimate Contract Signing
- Legitimate Contracts Close Today: Flat 10 Million Won Initial Payment and Interest-Free Interim Payment Benefits Offered

The legitimate contract signing for HDC Hyundai Development Company's "Chuncheon Lake City Phase 2 I-Park," which has attracted significant expectations and interest from consumers and investors in Gangwon Special Self-Governing Province and the Chuncheon area, is drawing remarkable enthusiasm.

Since the start of legitimate contracts on Monday, September 22, "Chuncheon Lake City Phase 2 I-Park" has now reached its third day, with a large number of people visiting to sign contracts, resulting in a soaring contract rate. This is in stark contrast to the polarization and unsold inventory concerns in the regional real estate market, fueling expectations that all units will be sold out soon.

During the first-priority subscription, the project recorded an average competition rate of 27.35 to 1 and a peak of 40.1 to 1. It was the only project in the Chuncheon area since November 2023 where all housing types closed in the first round. Real estate experts say that, given these results, a complete sell-out is virtually certain.

In fact, "Chuncheon Lake City Phase 2 I-Park" has shown heated contract activity every day from the first day up to today, the third day. If there are any ineligible subscription winners after the contract period, contracts will be offered to reserve winners. There have already been inquiries about this process, even though the schedule has not yet been announced.

Some observers attribute this to the perception that now is the optimal time to buy a home. This is due to the sharp rise in private apartment sale prices nationwide, as well as the fact that Seoul housing prices-considered a leading indicator-are hitting new highs day after day.

As concerns grow that the sale prices of new apartment complexes will not remain at current levels, more people are rushing to sign contracts to avoid missing out.

For consumers and investors, this means it will soon become difficult to find brand-name apartments from major construction companies at reasonable prices. At the same time, projects that offer both satisfactory pricing and quality are those whose sale prices have already been set in the current market.

A contract signer from Hyoja-dong shared, "With it becoming clear that apartment sale prices go up overnight, I couldn't delay buying a home any longer. The longer I hesitated, the later I would move into a new apartment, and my living costs would also increase. I am extremely pleased to have signed a contract for this apartment, which I judged to be reasonably priced."

On its third and final day, HDC Hyundai Development Company's "Chuncheon Lake City Phase 2 I-Park" will conclude legitimate contract signing today (September 24). With strong interest in both the subscription and contract processes, the project is expected to establish a leading "I-Park" brand town in the area, thanks to its outstanding product features and location advantages.

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

"Chuncheon Lake City Phase 2 I-Park" is an apartment complex under construction in Samcheon-dong, Chuncheon, Gangwon Special Self-Governing Province, consisting of three buildings ranging from four basement levels to 29 above-ground floors. It will offer a total of 218 units: 161 units at 84 square meters and 57 units at 144 square meters of exclusive area.

Compared to the first phase, this new phase is closer to Gongjicheon and Uiam Lake, offering some units with scenic views.

The complex will provide generous parking with 1.87 spaces per household, a layout that harmonizes rest and residential spaces, and landscaping with diverse plantings and walking trails. Premium community facilities will include a fitness center, GX room, golf practice range, reading room, study lounge, and guest house.

Nearby, there is a large supermarket for convenient shopping, as well as access to public offices and medical facilities such as Chuncheon City Hall, Gangwon National University Hospital, and Hallym University Chuncheon Sacred Heart Hospital. It is also conveniently located near Chuncheon Urban High-Tech Information Industrial Complex and Samsung SDS Urban High-Tech Industrial Complex.

Residents can reach Seoul's Cheongnyangni Station in about an hour via the Gyeongchun Line from Chuncheon Station or Namchuncheon Station. By car, Chuncheon IC and Namchuncheon IC are easily accessible. Future transportation improvements, such as the planned GTX-B line extension to Chuncheon, the East-West High-Speed Railway, and the Second Gyeongchun Expressway, are expected to further enhance convenience.

The contract offers a flat-rate first down payment of 10 million won, with the entire interim payment (60%) interest-free. There is no requirement for actual residence, and there are no restrictions on the resale period of the sale rights, allowing resale after paying just 10% of the contract amount.

For more information, please visit the official website. The model home is located near The Jackson Nine's Hotel in Geunhwa-dong, Chuncheon.