Lowest Price in Gwangju Housing Market, Real Half-Price Apartments Are Coming 'Cheomdan Jeil Punggyeongchae'

- Starting from 289 million KRW for exclusive 59㎡ low-rise units with incredible price merit
- ‘Price Ceiling System’ apartments available for subscription nationwide

Jeil Construction's 'Cheomdan Jeil Punggyeongchae' in Gwangju, scheduled for sale in September, is expected to become the lowest-priced private apartment in the Gwangju area this year. According to industry sources, the sale price for Cheomdan Jeil Punggyeongchae A2 Block is expected to start at the low 200 million KRW range for the 59㎡ type on lower floors and the low 300 million KRW range for the 84㎡ type on lower floors, spreading news that it is effectively being sold at half price.

A sales representative for Cheomdan Jeil Punggyeongchae stated, "The price ceiling system will be applied within the Cheomdan district, and the apartments will be supplied at a reasonable price," adding, "Currently, apartment prices nationwide are rising sharply, so with its large complex scale, brand, the first indoor swimming pool in the Cheomdan district, and price merits, Cheomdan Jeil Punggyeongchae is attracting significant interest from both end-users and investors."

Recently, the new apartment sales market has seen soaring prices. Despite the high inflation impact on raw material costs and labor, the average sale price for private apartments in Seoul has exceeded 30 million KRW per 3.3㎡, and there have been cases where non-Gangnam areas sold at 40 million KRW per 3.3㎡. Additionally, apartments planned for sale in Busan are expected to be priced at 33 million KRW per 3.3㎡, fueling controversy over high prices.

The burden of high prices is similar in the Gwangju area. The Gwangsan Central Park, which announced its recruitment notice in August, has a sale price of 668 million KRW for the 84A type (based on the highest price on the subscription homepage), and the Hillstate Shinyong The River, supplied in the same month, was offered at about 759.2 million KRW for the 84A type.

If 'Cheomdan Jeil Punggyeongchae' is priced as expected at the low 200 million KRW range for the 59㎡ type on lower floors and the low 300 million KRW range for the 84㎡ type on lower floors, it is anticipated to attract attention as a sale complex with clear price merits.

Cheomdan Jeil Punggyeongchae will be introduced in Cheomdan 3 District A2 Block and A5 Block. A2 Block consists of 24 buildings from basement level 2 to 20 floors, with a total of 1,845 households ranging from 59㎡ to 84㎡, and A5 Block consists of 12 buildings from basement level 1 to 20 floors, with a total of 584 households ranging from 116㎡ to 184㎡.

The Cheomdan 3 District, where the complex is located, is a completed self-sufficient city with about 7,700 residential units along with education and commercial facilities, expected to provide high-quality residential infrastructure.

Cheomdan Jeil Punggyeongchae A2 Block is equipped with community facilities befitting the largest apartment complex in the Cheomdan district. Various community facilities such as an indoor swimming pool, golf practice range, fitness center, and a small library are planned within the complex.

The complex is situated in an excellent location within Cheomdan 3 District. It offers a one-stop school zone with a kindergarten right in front of the complex and planned elementary, middle, and high schools (site reserved), allowing for walking commutes. Additionally, a commercial district and neighborhood park are planned, and residents can share the completed infrastructure of Cheomdan 1 and 2 Districts and Suwan District.

Transportation conditions are also excellent. The complex is connected to a wide-area transportation network including the Honam Expressway and Gwangju Outer Ring Expressway. A new road connecting Sangmu District (Yuchon-dong) and Cheomdan Industrial Complex (Sanwol-dong) is scheduled for completion in 2026, expected to bring benefits. Furthermore, three new stations on Gwangju Subway Line 2 (phase 2 project, scheduled for completion in 2029) will be established in Cheomdan 1 District, and one station in Cheomdan 2 District.

Cheomdan Jeil Punggyeongchae is a price ceiling system complex located in a public land development district, allowing even homeowners to apply regardless of the number of houses owned, and both household heads and members can win the lottery. Anyone aged 19 or older nationwide can apply regardless of residence area, and resale restrictions apply for one year from the announcement date of winners.

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