‘ePyeonhan Sesang Wonju Primo One’ Expected to Benefit from GTX-D Line Announcement

- Solid Large Construction Companies Benefit from Workout Aftermath
- ‘ePyeonhansesang Wonju Primo One’ First Priority Subscription on 30th (Tue), Second Priority Subscription on 31st (Wed)

[‘e-Pyeonhansesang Wonju Primo One’ Perspective View]

Due to concerns over non-performing loans in real estate project financing (PF) by major construction companies and the resulting workout impacts, small and medium-sized construction firms have faced the shadow of closure, while some large construction companies have been directly hit by credit rating downgrades.

In particular, with adverse conditions such as bankruptcy, court receivership, and wage arrears occurring, it has become even more difficult for buyers to find normal residential complexes for their homes. As a result, real estate industry experts are now saying that in addition to location and product quality, factors such as the construction company's credit rating and financial structure must also be carefully considered.

According to the Ministry of Land, Infrastructure and Transport's Construction Industry Knowledge Information System, 2,347 general and specialized construction companies nationwide reported closures last year, an increase of 35.2% compared to 2021 (1,736 cases) and 23.5% compared to 2022 (1,901 cases). By type, 418 general construction companies reported closures last year, while the remaining 1,929 were specialized construction companies.

The number of bankrupt construction companies (those with suspended checking accounts as disclosed by the Korea Financial Telecommunications & Clearings Institute, excluding those closed or deregistered at the time of suspension) also rose to 21 last year, a 50% increase from 14 in 2022. So far this year, two construction companies have been identified as bankrupt.

Due to closures and bankruptcies, construction at various sites has not proceeded properly, causing those who purchased lesser-known brand apartments to suffer from uncertainty about their move-in dates. In fact, the total amount involved in nationwide sales (12 cases) and rental deposit accidents (3 cases) last year reached 944.5 billion KRW, which is 165 times higher than the 5.7 billion KRW in 2022.

Some point out that, in the aftermath of PF issues, selecting complexes with proper construction has become an urgent priority. A real estate industry insider said, “Now, instead of only considering the conditions of the sales complex, it has become a way to secure a stable home by checking the construction company's financial structure and credit rating and aiming for brand apartments built by reliable large construction companies.”

Supporting this, attention is focused on ‘ePyeonhansesang Wonju Primo One,’ built by DL E&C, a leading domestic large construction company.

DL E&C has a low PF guarantee ratio (35.7%) among major construction companies and secured the industry's highest credit rating (AA-) as of 2023. Since DL E&C is the builder of ‘ePyeonhansesang Wonju Primo One,’ the construction process is praised for its safety and quality.

In fact, DL E&C introduced the concept of defect rate evaluation from structural work to finishing work for the first time in the construction industry last year and is currently implementing it. According to the Ministry of Land, Infrastructure and Transport, the number of defect judgments per 1,000 households over the past four years is 1.5, the lowest in the industry, demonstrating strict quality control. Through this, DL E&C won the LH Customer Quality Evaluation Award in 2023.

Additionally, the ePyeonhansesang brand has been recognized for its brand value, having won the Most Trusted Brand Award selected by consumers 11 times, the National Brand Award for six consecutive years, the Korea Brand of the Year Award nine times, and ranking first for three consecutive years as the Smart Apartment Brand (Biz Big Data Research Institute).

Located in Panbu-myeon, Wonju-si, Gangwon-do, ‘ePyeonhansesang Wonju Primo One’ is a complex of six buildings ranging from two basement floors to 25 floors above ground, with a total of 572 units sized between 59 and 102 square meters. The second phase of sales consists of 222 units: 103 units of 84㎡A, 69 units of 84㎡B, and 50 units of 102㎡, all positioned at the front of the complex, offering unobstructed views of Baegunsan Mountain and others.

The complex is adjacent to the Musil District living area, which has long been verified for comfortable residential conditions, allowing residents to access various living infrastructures immediately upon moving in. Using the KTX Jungang Line, residents can travel to Cheongnyangni and Seoul Station. The Yeoju-Wonju double-track railway (scheduled to open in 2028) and Suseo-Gwangju double-track railway (scheduled to open in 2030) will also enable access to Seoul Gangnam (Suseo) and Gyeonggi Pangyo living areas in the future.

With the GTX-D line (planned) announced on the 25th, Wonju will also be able to use GTX. Using this line, residents can transfer to planned lines A, B, C, E, and F to reach all areas of Seoul and the metropolitan area, including Suseo, Samsung, Gangnam, and Jamsil. With numerous transportation developments, improvements in transportation convenience and notable post-sale price increases can be expected. Since residents can enjoy Seoul and metropolitan living areas without living in Seoul, the value of Wonju, served by the planned GTX-D line, is expected to rise, enhancing the future value of newly sold complexes.

Applications for subscription will be accepted on January 30 (Tuesday) for first priority and January 31 (Wednesday) for second priority. The first deposit is a fixed amount of 5 million KRW, and full interest-free benefits are provided for interim payment loans. There is no obligation for actual residence, and resale of the sales rights is possible after paying 10% of the deposit in full. The announcement for resident recruitment will be made before February 25, and the ‘Stress DSR’ will not apply when converting to mortgage loans, thus avoiding loan reductions.

Detailed sales information can be found by visiting the housing exhibition center or through the website, and move-in is scheduled for November 2025.

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