Popular Post-Sale 'Dongtan Lake Park Jayeon & ePyeonhansesang' Expected to Have Reasonable Sale Prices

- Average Sale Price of Private Apartments in the Seoul Metropolitan Area 22.51 Million KRW per 3.3㎡... 10.8% Increase Compared to Same Month Last Year
- Gyeonggi Housing and Urban Corporation to Supply Post-Sale Housing with Expected Reasonable Prices

The average sale price of private apartments in the Seoul metropolitan area has risen by 10.8% over the past year, drawing significant attention from buyers to the post-sale housing of ‘Dongtan Lake Park Jayeon & ePyeonhansesang,’ a private-participation public sale project supplied by Gyeonggi Housing and Urban Corporation.

According to the private apartment sale price trend survey released by the Housing and Urban Guarantee Corporation (HUG) on the 16th, as of the end of July, the average sale price of private apartments in the metropolitan area was 22.51 million KRW per 3.3㎡. This represents a 6.18% increase compared to the end of last year and a 10.8% rise compared to the same month last year.

Recently, the ‘Gwangmyeong Central I-Park’ supplied in Gwangmyeong City, Gyeonggi Province, attracted attention as the sale price of the 84㎡ unit, known as the standard size, exceeded 1.2 billion KRW. The sale price of the 84㎡A unit (highest price) was 1.272 billion KRW, and the 113㎡A unit was priced up to 1.798 billion KRW.

As the upward trend in sale prices is expected to continue in the second half of the year, opinions are emerging that buyers should hurry to secure their homes.

A real estate expert advised, “Considering the increase in construction and labor costs, sale prices in the metropolitan area will rise further. It is advisable to secure units within this year, especially those with price competitiveness compared to surrounding market prices due to the application of the price ceiling system.”

Meanwhile, a private-participation public sale project with expected reasonable pricing is being prepared in Dongtan 2 New Town.

Gyeonggi Housing and Urban Corporation (GH) and DL E&C announced that they will sell ‘Dongtan Lake Park Jayeon & ePyeonhansesang’ in the Dongtan 2 Residential Development District, Hwaseong City, Gyeonggi Province, in September. The complex will consist of 18 buildings, ranging from three basement floors to 25 above-ground floors, with a total of 1,227 households. Among them, 907 households with exclusive areas of 74㎡ and 84㎡ will be public sale units, and 320 households with exclusive areas of 95㎡ and 115㎡ will be private sale units.

This complex, supplied through private-participation public sale, is led by the public institution Gyeonggi Housing and Urban Corporation (GH) and is a post-sale project with a construction progress rate exceeding 60%, ensuring project stability. Post-sale apartments have the advantage of determining the sale price at the time of move-in, preventing potential buyers from suffering losses due to housing price declines, and improving quality by inducing voluntary safety and quality management by suppliers to prevent poor construction.

Reasonable pricing is also expected due to the application of the price ceiling system. In fact, ‘Godeok Xi Centro,’ supplied through private-participation public sale in Godeok International New Town last March, attracted attention for its competitive pricing compared to surrounding market prices, recording an average competition rate of 45.33 to 1 in the first priority subscription. The sale price of this complex (highest price) was 495.77 million KRW for the 84㎡ unit, about 200 million KRW cheaper than the nearby ‘Godeok International New Town Paragon’ 84㎡ market price (690 million to 720 million KRW).

‘Dongtan Lake Park Jayeon & ePyeonhansesang’ is also receiving strong interest from buyers as it is expected to be priced competitively compared to surrounding market prices. The complex ranks first in daily visitors in Gyeonggi Province on the real estate information platform Hogangnono, with 7,000 to 8,000 visitors per day.

Another advantage is the ability to enjoy the brand premium of ‘ePyeonhansesang’ at a reasonable price.

Each unit in ‘Dongtan Lake Park Jayeon & ePyeonhansesang’ will feature the innovative ‘C2 House’ design, which integrates ePyeonhansesang’s unique technology, products, design, and philosophy. The C2 House is a lifestyle-customized residential platform designed with a highly flexible structure and optimal residential flow to reflect diverse customer preferences, making the home not just a place to stay but a multi-use space for self-realization and relaxation.

The fine dust reduction system, ‘Smart Clean & Care Solution,’ will also be introduced. A weather station indicating fine dust levels will be installed outside the complex, along with mist spraying facilities and fine dust reduction plantings. Additionally, air curtains will be installed at all ground-level building entrances to block fine dust and outside air, maintaining comfortable air quality.

Sky lounges and sky guest houses, previously applied in major redevelopment projects in Gangnam, will be provided on the top floor (one building). Especially, specialized community facilities for young children, such as kids’ lounges, kids’ stations, daycare centers, and study rooms, will be available, expected to receive positive responses from buyers with young children.

Meanwhile, 70% of the public sale units (907 households) in ‘Dongtan Lake Park Jayeon & ePyeonhansesang’ will be allocated for special supply. Accordingly, first-time homebuyers and newlyweds among non-homeowners can secure homes through special supply. Also, a lottery system will be applied to 20% of the general supply units within the public sale, allowing applicants to win regardless of the duration of non-homeownership or savings amount.

Opportunities for subscription winners are also open to homeowners. For the private sale units (320 households), residents aged 19 or older who have been subscribed to a subscription savings account for at least 12 months and reside in the metropolitan area (Seoul, Gyeonggi, Incheon) can apply as first priority regardless of the number of homes owned or household head status. In particular, all private sale units (general supply) exceed 85㎡ in exclusive area, so a 100% lottery system is applied.

‘Dongtan Lake Park Jayeon & ePyeonhansesang’ is a post-sale complex with a scheduled move-in date in June 2024. Detailed information about the sale can be found on the official website.

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