The First Housing Complex Sale of the Year of the Black Tiger Draws Attention... About 16,000 Units Planned Nationwide

Brand Complexes Await in Various Locations Including Incheon, Cheongju, and Busan

The rendering of The Sharp Cheongju Greenity / Provided by POSCO Construction.

Attention is focused on the apartment complexes for sale in January, the first month of the Year of the Black Tiger (Im In Year). Major construction companies are expected to launch their ‘first sale’ projects, and since winning a subscription remains the best strategy for homeownership in the new year, market interest is anticipated.

According to real estate market analysis firm Real Estate Info on the 3rd, about 16,000 households nationwide are scheduled to be offered for sale in January (based on model home openings).

The subscription fever is not limited to specific regions, so the sales boom is expected to remain hot at the beginning of the year. In fact, in the second half of last year, 171 out of 218 sites nationwide closed their subscriptions. The number of unsold homes nationwide (as of the end of October) was 14,075, about half of the 26,703 units a year earlier, marking a record low.

Another notable feature is the rising trend in housing prices. According to the Korea Real Estate Board, apartment prices nationwide rose by 0.8% in November 2021, maintaining an upward trend, and the increase was higher than the 0.7% rise in November 2020.

Kwon Il, research team leader at Real Estate Info, said, "Since it can influence the atmosphere of the sales market for the year, construction companies are putting great effort into various aspects," adding, "Especially, subscription fever is expected to be intense around branded large-scale apartment complexes."

Accordingly, attention is also drawn to the special features of major complexes scheduled for sale in January. In Cheongju, Chungbuk, POSCO Construction plans to launch ‘The Sharp Cheongju Greenity.’ It is a large complex with a total of 1,191 households, with buildings up to 38 floors above ground, offering units ranging from 63 to 170㎡. The proportion of medium to large units (over 85㎡) is relatively high at 42.4%. It is a ‘park-type apartment’ located within Guryong Park (283,004㎡), which is about 40 times the size of a soccer field, and most units offer unobstructed views of Guryong Park. Once the development of Guryong Park Zone 2 is completed (planned), residents will be able to conveniently enjoy Cheongju’s largest park, which is about 4.2 times the size of Yeouido Park.

In Incheon, SK Eco Plant plans to launch ‘Songdo Lux Ocean SK View,’ located in front of the West Sea. It consists of 1,114 households with units ranging from 84 to 143㎡. The 6th and 8th blocks where the complex is located are currently undergoing active residential development along the coastline, including Landmark City, making it the new center of Songdo. Following this, HDC Hyundai Development Company, Hyundai Construction, and POSCO Construction will also offer ‘City OCEEL Complex 6’ in Hakik-dong, Michuhol-gu. It will have a total of 1,744 households with units ranging from 59 to 130㎡.

In Busanjin-gu, Busan, a consortium of POSCO Construction, GS Construction, and SK Eco Plant plans to supply 2,276 households through the redevelopment of ‘Yangjeong 1 District,’ with units ranging from 39 to 100㎡. Among these, 1,160 households will be available for general sale. In Gijang, Ssangyong Construction plans to offer ‘Ssangyong The Platinum Osiria,’ a residential-commercial complex with sea views, consisting of 191 households with units ranging from 84 to 146㎡ and neighborhood living facilities.

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