Fierce Subscription Competition as Intense as Educational Zeal... Spotlight on Indeogwon Xi SK VIEW with 'Haksegwon' Location

- Education infrastructure-equipped school district attracts high subscription competition
- Indukwon Xi SK VIEW draws attention as an excellent school district

[Indeokwon Xi SK View Perspective / Photo by GS Construction]

In the real estate market, so-called ‘Haksegwon’ apartments?those located near elementary, middle, and high schools?are considered steady sellers. This is because they create an academic atmosphere with proximity not only to schools but also to educational and cultural facilities such as academies and study rooms.

According to Article 3 of the Enforcement Decree of the School Health Act (School Environment Sanitation Purification Zone), harmful facilities that disrupt public morals, such as waste disposal facilities, lodging businesses, and entertainment establishments, cannot be established within a 200-meter straight-line distance from schools. Additionally, areas around kindergartens, elementary schools, and academies operate as children protection zones (school zones), ensuring safe commuting for children.

In particular, one-stop Haksegwon complexes, where elementary, middle, and high school educational facilities are concentrated and residents do not need to worry about moving for 12 years, have a positive impact on children’s social relationships and provide psychological stability during sensitive adolescence.

For these reasons, Haksegwon complexes are attracting many real demand buyers’ subscription accounts in the pre-sale market.

In fact, according to the nationwide apartment subscription competition rate status by Real Estate R114 this year, among the top 10 complexes with the highest first-priority subscription competition rates in the first half of this year, 8 complexes were located within a 1 km radius of elementary, middle, and high schools.

Haksegwon complexes often carry a premium. According to KB Real Estate Market Prices, the exclusive area of 99.43㎡ at Hanam Powell City Prugio La Foret was traded at 930 million KRW in October 2021 and rose to 1.19 billion KRW in August this year, an increase of 260 million KRW. This complex boasts a solid Haksegwon with Gam-il Elementary School Attached Kindergarten, Gam-il Elementary School, and Gam-il Middle School all located within 500 meters.

An industry insider said, "Among the total 184,143 apartment sales transactions nationwide in the first half of this year, about 47%, or 86,073 transactions, were made by people in their 30s and 40s," adding, "As the influence of the 30-40 generation with school-age children grows in the real estate market, demand is increasingly concentrated on Haksegwon complexes with excellent educational conditions."

As Haksegwon gains attention as an important subscription factor, interest is focusing on Indukwon Xi SK VIEW, which has entered its full subscription schedule.

Indukwon Xi SK VIEW, located in Naeson-dong, Uiwang-si, Gyeonggi-do, is a large apartment complex with 20 buildings, ranging from 4 basement floors to a maximum of 29 floors above ground, totaling 2,633 households. Among them, 899 households with exclusive areas of 39 to 112㎡ are available for general sale.

Nearby educational facilities include Naeson Elementary School, Baegun Elementary School, Galmoe Middle School, and Baegun High School, all within walking distance. Additionally, a nationwide integrated middle and high school future school is planned near the complex, and it is close to the Pyeongchon academy district, considered the largest academy area in the southern Gyeonggi region.

The transportation network is also excellent. It is close to Pyeongchon IC on the Seoul Metropolitan Area First Ring Expressway and Buk Uiwang IC on the Second Gyeongin Expressway, making travel to Seoul and the metropolitan area convenient by car. Moreover, Indukwon Station nearby is included in the GTX-C line plan, and the double-track railways connecting Indukwon and Dongtan (Indong Line) and Wolgot to Pangyo (Wolpan Line) are also planned to open, which is expected to further increase future value.

The highest level of infrastructure within Indukwon can also be expected. Instead of placing parking lots above ground, they are located underground, allowing the ground space to be used for themed gardens blending green spaces and resting areas, as well as children’s playgrounds. Various community facilities such as a multipurpose gymnasium, multipurpose lounge, fitness center, indoor golf practice range, GX room, table tennis room, Pilates, indoor playground, cultural lecture room, and saunas (male and female) are also provided.

A sales official stated, “Indukwon Xi SK VIEW is a large-scale complex adjacent to Pyeongchon New Town, sharing various living infrastructures. We have devoted great care to the complex and floor plan design to make it a landmark apartment representing the region.”

Meanwhile, Indukwon Xi SK VIEW is currently accepting first-priority subscription applications from other regions today. The announcement of winners will be on September 28, and the official contract period is from October 11 to October 13. The model house is open, and move-in is scheduled for May 2025.

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