Price-Competitive 'ePyeonhansesang Gunsan Diocean Luce'

- Housing Purchase Burden Index Declines for 6 Consecutive Quarters, Opportunity to Buy Homes at Low Interest Rates
- Contract Signings Increase for ‘ePyeonhansesang Gunsan Diocean Luce’ with Reasonable Prices and High Future Value

Mortgage loan interest rates are on a downward trend, and the strengthening of the stress DSR, which was scheduled to be implemented in July, has been postponed to September, presenting an opportunity for real demand buyers preparing to purchase homes.

In fact, the burden of mortgage loan interest rates on buyers is decreasing. According to the Bank of Korea's "May Financial Institution Weighted Average Interest Rate" statistics released on June 28, the mortgage loan interest rate was 3.91%, down 0.02 percentage points from the previous month. This marks the seventh consecutive month of decline and is the lowest level since May 2022, when it was 3.90%.

As a result, the actual housing finance repayment burden is also easing. According to data from the Korea Housing Finance Corporation on the 1st, the nationwide Housing Affordability Index (K-HAI) for the first quarter of this year was 62.8, down 1.8 points from the previous quarter (64.6). The Housing Affordability Index represents the repayment burden for a median-income household purchasing a home with a loan; a lower index indicates a reduced burden of home purchase.

Considering these market trends, it is analyzed that buyers effectively have an opportunity to secure the maximum loan amount at lower interest rates. Additionally, the postponement of stricter loan regulations supports the theory of a "housing purchase period." The government has delayed the implementation of the second phase of the stress DSR, originally scheduled for this month, to September. Consequently, the third phase has also been postponed from early next year to July next year. This measure temporarily alleviates concerns about reduced loan limits for new borrowers, presenting a favorable opportunity for real demand buyers.

Amid this, the "e-Pyeonhansesang Gunsan Diocean Luce," currently being sold near the central residential area of Diocean City in Gunsan, Jeonbuk, is attracting attention. The complex offers a reasonable sale price compared to surrounding market prices and provides various financial benefits, significantly reducing the financial burden for buyers.

According to the Ministry of Land, Infrastructure and Transport's actual transaction price data, a 84㎡ unit in "The Sharp Diocean City" (occupied since October 2021) located in Diocean City was traded for 435 million KRW in June this year. In contrast, the sale price for the same size unit in e-Pyeonhansesang Gunsan Diocean Luce ranges from 349.9 million KRW to 392.9 million KRW, priced up to nearly 100 million KRW lower than the surrounding market prices.

Considering future value, the price competitiveness is even more pronounced. The complex is a prime beneficiary of the Saemangeum SOC (social overhead capital) projects. Including the Saemangeum New Port development project in Gunsan (scheduled for completion in 2026), the Saemangeum Port railway construction project (planned to open in 2027), and the Saemangeum International Airport development project (planned to open in 2029), the population is expected to increase significantly with an influx of approximately 700,000 people. Recently, administrative procedures have resumed with the design review for the Saemangeum International Airport construction project underway, raising expectations.

Especially in the Saemangeum National Industrial Complex, domestic advanced companies such as LG Chem, LS Group, and Doosan Fuel Cell, as well as foreign companies including Chinese secondary battery firms, have been investing consecutively, with total investment exceeding 10 trillion KRW. Due to the influx of corporate investments to the point of land shortage, the government plans to expedite the development of seven sections of the Saemangeum National Industrial Complex by 2025.

Financial benefits are an added bonus. The complex recently changed its contract payment conditions so that buyers only need to pay 5 million KRW out of the 10% deposit, and the remaining deposit can be paid entirely through credit loans. Now, buyers can secure their homes by paying only 5 million KRW as a deposit without additional financial burden until move-in. Furthermore, as full interest-free benefits are provided for the intermediate payments, buyers' interest burdens are expected to be significantly reduced.

Additionally, since sales are conducted on a first-come, first-served basis, buyers can select their preferred building and unit number, and contracts can be made regardless of subscription savings account status, residence area restrictions, or home ownership. Even after signing a contract, it does not count towards the number of homes owned, allowing contract holders without homes to maintain their non-homeowner status. Moreover, there is no mandatory residence period, and resale is permitted, which is noteworthy.

Meanwhile, the housing exhibition center for e-Pyeonhansesang Gunsan Diocean Luce is located in the Gyeongam-dong area of Gunsan-si, Jeollabuk-do, and move-in is scheduled for July 2025.

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