Jeil Construction's 'Jeju Jungbu Park Jeil Punggyeongchae Central Park' Popular Among Actual Buyers

[Jeil Construction Jeju Jungbu Park Perspective View]

As the apartment sales market recently shifts to focus on actual homebuyers, demand is increasingly drawn to so-called "livable" homes that meet criteria as residences, rather than simply complexes with high investment value.

Accordingly, expectations among real buyers are rising for the recently closed subscription of "Jeju Jungbu Park Jeil Punggyeongchae Central Park." Supplied by Jeil Construction Co., Ltd., this complex attracted 776 applicants during the subscription period, marking the largest number of subscriptions in Jeju Island from 2023 to 2024.

In particular, Jeju Jungbu Park Jeil Punggyeongchae Central Park has garnered attention from Jeju residents, i.e., actual homebuyers, with most applicants expected to proceed to contract. Reviewing the subscription results, an overwhelming 96% of the 776 applications?748 in total?were from local applicants.

In recent years, Jeju’s sales market, which was once flooded with speculative demand, has shifted to an atmosphere where genuine homeownership demand actively participates in subscriptions.

Visitors to the model house at its opening were also mostly local residents, and it is said that positive reviews among them were continuous. The complex is built alongside Jungbu Park, a large-scale park of approximately 170,000㎡?about 24 times the size of a soccer field?where forests, flower gardens, sky forest trails, outdoor performance venues, and sports facilities are planned. Living up to its reputation as Jeju’s first large-scale Jeil Punggyeongchae brand complex, parking spaces totaling 1,331 have been secured, making it the first and largest scale in Jeju, and a large community facility of about 1,714㎡ will be diversely equipped, which many buyers find satisfying.

Mr. Park (45), a resident of Jeju City, stated, “I like the pleasantness and symbolism unique to Jeju’s first private park special project, the ample parking spaces, and the large community facilities?advantages that can be enjoyed as a large complex. I believe it has sufficient value not only for actual residence but also from an investment perspective, so I hope to win the subscription.”

The reasonable price and various benefits of Jeju Jungbu Park Jeil Punggyeongchae Central Park also captured the hearts of actual buyers. The average sale price of this complex is 24.25 million KRW per 3.3㎡, which is lower than last year’s average sale price of private apartments in Jeju (25.74 million KRW), highlighting its price competitiveness. Additionally, various benefits such as a 5% first deposit (a fixed 10 million KRW deposit at contract signing + two balance payments), 5% interest support on the second deposit, and free balcony expansion reduce the initial financial burden for buyers, and two shuttle buses will be provided for children’s safe commuting.

Jeju Jungbu Park Jeil Punggyeongchae Central Park will hold formal contracts over three days from March 18 to 20. The model house is located in Donam-dong, Jeju City.

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