A New Chapter in Residential Innovation for Suwon and Yongin... 'Yeongtong Station Xi Praciel' Winner Contract

‘Yeongtong Station Xi Praciel,’ constructed by GS Construction, will begin contracts with winners starting Sunday, the 28th.

As the market sentiment spreads that future sale prices will rise to unpredictable levels while supply sharply decreases, many buyers are eager to secure units quickly. Yeongtong Station Xi Praciel, located in the Yeongtong-Mangpo living area, boasts excellent infrastructure and introduces a luxurious design never seen before, attracting interest from both end-users and investors.

According to the subscription website, contracts for winners of Yeongtong Station Xi Praciel will be conducted over three days from January 28th (Sunday) to 30th (Tuesday). The first priority subscription held on the 9th (Tuesday) closed with a top competition rate of 5.75 to 1 for the 100㎡ type, heating up the early-year sales momentum. The resale restriction period is short, lasting only six months.

Its excellent location is another advantage. Situated in the Yeongtong-Mangpo living area, it offers comprehensive benefits including transportation, future value, convenience facilities, education, and proximity to workplaces.

First, the Suin-Bundang Line’s Yeongtong Station is within walking distance, and the GTX-A line, scheduled to open this year, will be easily accessible. Additionally, a widely preferred express bus stop is located right in front of the complex. The express bus network is highly favored by local residents, allowing access to Gangnam within an hour and convenient entry into Seoul.

Various convenience facilities surround the area. The Suwon Yeongtong central commercial district is within walking distance, and nearby are Homeplus, Lotte Mart, E-Mart Traders, and Suwon Premium Outlets. Also, walking access to Seocheon Elementary School is possible, with Seocheon Middle and High Schools nearby, and the area is adjacent to a cluster of academies, providing excellent educational conditions.

The proximity to workplaces is also notable. It is located close to Samsung Electronics’ headquarters at Suwon Samsung Digital City and the Samsung Electronics Nanosity Giheung Campus, making commuting convenient. Samsung Digital City is a large-scale industrial complex where Samsung Electronics affiliates and partner companies form an industrial belt.

Moreover, various specialized designs stand out. All units are designed with a south-facing, 4-bay slab-type layout, and a three-sided balcony (except for some types) is applied. The three-sided balcony structure allows for a larger indoor area when balconies are extended, attracting buyers’ attention. The community center for residents includes a sky lounge and ‘Club Xi’an,’ which will feature various community facilities such as a fitness club, golf practice range, and Pilates room.

With sale prices expected to rise further and supply to decrease, buyers are becoming increasingly active. Recently, brand-name apartments have sold out quickly not only in Seoul but also in various parts of the metropolitan area such as Ansan and Siheung, interpreted as a rush by buyers to secure homes promptly.

According to the Housing & Urban Guarantee Corporation (HUG), nationwide apartment sale prices surged by 12.2% last year. With ongoing inflation and several regulations increasing construction difficulty, the market sentiment that ‘today’s sale price is the cheapest’ is expected to continue.

At the same time, supply is sharply decreasing. According to Real Estate R114, the number of housing units available in the metropolitan area (excluding rentals) will decline to about 133,000 units this year, 112,000 units in 2025, and is expected to drop by more than 50% to around 60,000 units in 2026.

A sales official stated, “Although residential preference is high, new housing supply is rare, resulting in many waiting buyers in the Yeongtong-Mangpo living area. Combined with differentiated product features, customer praise continues. Many customers have been waiting a long time for this sale, and inquiries are coming from other regions as well, so we expect the contracts with winners to proceed smoothly.”

Meanwhile, the move-in for Yeongtong Station Xi Praciel is scheduled for the second half of 2026, and the model house is located near Dongcheon Station in Dongcheon-dong, Suji-gu, Yongin City.

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