Suwon New Apartments Get More Expensive... 'Maegyo Station Pallucid' Contract Acceleration

The redevelopment project of Suwon Gwonseon 113-6 district, ‘Maegyo Station Pallucid,’ has implemented customer-friendly condition changes this month and is smoothly progressing by actively securing contracts amid challenging market conditions. In particular, rumors that the additional complexes planned for sale in Suwon will be priced higher have brought renewed attention to Maegyo Station Pallucid’s reasonable prices and terms.

The changed conditions of Maegyo Station Pallucid can be divided into three main points. First, the existing 10% down payment has been reduced to 5%, with an initial payment of 10 million KRW to be made first, and the remaining down payment to be paid within a month. This is designed to ease the burden of initial funding for buyers. Contract holders will pay 5% down payment, 60% intermediate payment, and 35% balance sequentially.

The interest conditions on intermediate payment loans have also been changed. Maegyo Station Pallucid applies interest-free terms on the 4th, 5th, and 6th installments of the 60% intermediate payment, which is conducted on a deferred payment basis.

Additionally, ceiling-type system air conditioners will be provided in all units.

Moreover, Maegyo Station Pallucid will implement a contract condition assurance system, retroactively applying the above changed conditions to existing contract holders as well, ensuring all contract holders receive benefits fairly.

With various customer-friendly condition changes added to the already noted reasonable sale prices, customer response has been enthusiastic. In fact, compared to nearby complexes where the 84㎡ type recently transacted at 930 million KRW and the 59㎡ type has asking prices in the high 800 million KRW range, Maegyo Station Pallucid’s sale prices are competitively set at up to 890 million KRW for the 84㎡ type and up to 730 million KRW for the 59㎡ type.

A licensed real estate agent in Suwon said, “Maegyo Station Pallucid, which has been one of the most anticipated complexes in Suwon for several years, has seen a sharp increase in inquiries following the condition changes. Especially, Yeongtong Zai Central Park, recently sold in Yeongtong, is reportedly nearing a sell-out with fast contract signings. Additionally, rumors that upcoming complexes in Suwon will be priced significantly higher have led buyers from various areas to flock to Maegyo Station Pallucid to secure units before it’s too late.”

The Maegyo Station area in Seryu-dong, Gwonseon-gu, Suwon, where Maegyo Station Pallucid is located, has seen active urban renewal projects supplying about 12,000 new housing units. With solid living infrastructure, it has become a highly preferred emerging residential town in Suwon. Most redevelopment projects are now complete, and Maegyo Station Pallucid will be the final sale complex, completing the new residential map of the area.

Its excellent transportation conditions are noteworthy. Maegyo Station Pallucid is located in the Maegyo Station area on the Suin-Bundang Line subway, and Suwon Station?served by Line 1, Suin-Bundang Line, KTX, and Gyeongbu Line?is just one stop away, providing convenient transport. Suwon Station is also set to become a GTX transfer station for GTX-C and F lines, making Maegyo Station Pallucid a beneficiary complex. The C line will extend the existing Suwon?Yangju section to include Asan?Suwon and Yangju?Dongducheon sections, traversing the metropolitan area north to south. With the addition of the F line, Suwon Station will effectively have a metropolitan-wide transportation network.

The educational environment is well established. Kwonseon Elementary School is within walking distance, and nearby schools include Suwon Middle and High Schools. The Suwon City Central Library is also accessible.

Recently, Starfield Suwon opened near Hwaseo Station, just one subway stop from Suwon Station, making the area a retail hotspot alongside AK Plaza and Lotte Mall. Homeplus and E-Mart are also conveniently accessible. Additionally, Suwon City Hall, Suwoncheon Stream, Olympic Park, Paldal Park, and the UNESCO World Heritage site Suwon Hwaseong Fortress are nearby, providing easy access to administrative, commercial, natural, and cultural infrastructure. Commuting to Samsung Electronics Suwon Plant and Gwanggyo Techno Valley is also convenient.

Maegyo Station Pallucid consists of various unit types from small to large to suit diverse buyer preferences. In addition to the common 59㎡, 84㎡, and 101㎡ types in the housing market, niche types such as 48㎡ and 71㎡ have been configured to match increasingly compact lifestyles. Depending on the type, features such as dual-open living rooms and large dressing rooms have been applied to enhance completeness.

The landscaping and community facilities are excellent. Four themed tree-lined streets and two fitness walking courses create pleasant pedestrian paths, along with five themed gardens for exercise and play spaces. Approximately 6,000㎡ of community facilities include fitness centers, G.X rooms, indoor gyms, study rooms, meeting rooms, kids cafes, moms cafes, and guest houses.

Constructed by Samsung C&T Construction Division, SK Ecoplant, and Kolon Global, the Suwon Gwonseon 113-6 district redevelopment project Maegyo Station Pallucid in Seryu-dong, Gwonseon-gu, Suwon, Gyeonggi-do, will consist of 32 buildings ranging from 2 basement floors to a maximum of 15 floors, totaling 2,178 households.

Maegyo Station Pallucid is currently operating a model house.

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