Daewoo Shipbuilding & Marine Engineering Construction, Dongducheon Jungang Station Elkru First Priority Subscription Closed

[Asia Economy Reporter Jang Hyowon] Daewoo Shipbuilding & Marine Engineering Construction, which recently renewed its brand, continued its perfect sales streak in the housing market.

Daewoo Shipbuilding & Marine Engineering Construction (Chairman Kim Yongbin), a subsidiary of KOSDAQ-listed Korea Technology, announced on the 4th that all subscriptions for ‘Dongducheon Jungang Station Elcrew The First’ were completed in the first priority, continuing its perfect sales streak.

‘Dongducheon Jungang Station Elcrew The First’ opened its model house on the 22nd of last month and officially started sales with a schedule of November 1st (special supply), 2nd-3rd (first priority), and 4th (second priority).

As a result of the subscription, three types?72㎡ (A), 72㎡ (B), and 72㎡ (C)?recorded competition rates of 295%, 171%, and 167%, respectively, with an average competition rate of 201%, and all 168 units supplied were fully subscribed in the first priority.

A representative of Daewoo Shipbuilding & Marine Engineering Construction said, “Recently, mixed-use residential apartments have been transforming into high-end residential areas, increasing interest. In particular, Dongducheon Jungang Station Elcrew The First attracted demand due to its station area location and various development prospects, which raised its future value.”

Dongducheon Jungang Station Elcrew The First is a mixed-use residential apartment complex located at 592-2 Saengyeon-dong, Dongducheon-si, Gyeonggi-do, and two other parcels. It consists of 168 apartment units, 54 officetel units (23?42㎡), and 17 commercial facilities (32?125㎡) across three basement floors to 26 above-ground floors, with move-in expected in November 2023.

The apartment is located within a 5-minute walk from Dongducheon Jungang Station on Seoul Metropolitan Subway Line 1, forming a station area and providing convenient commuting to the metropolitan area.

Additionally, within 1 km are excellent school districts including Dongducheon Elementary, Middle, and High Schools, Dongducheon Girls’ Middle School, and Korea Culture & Video High School. Nearby are Hanaro Mart, Dongducheon First Market, Dongducheon Jungang St. Mary’s Hospital, and Dongducheon City Hall, boasting abundant living infrastructure.

Furthermore, a complex community center called the Happy Dream Center is being planned next to the complex. In 2023, the Dongducheon National Industrial Complex and the Paju?Yangju section of the Metropolitan Area 2nd Ring Expressway are scheduled, and in 2028, the Metropolitan Area Express Railway (GTX-C) is planned, enhancing future value.

The real estate industry observes that although Dongducheon was designated as an overheated subscription area for the first time since its city status upgrade in August, the housing market boom in Dongducheon is expected to continue for the time being, as evidenced by the perfect sales of Elcrew The First.

This content was produced with the assistance of AI translation services.