'Changwon Megacity Xi & Weave' Sees Strong Contract Activity with Interest-Free Interim Payment Benefit

- Nationwide apartment sales prices have risen by 150 million KRW for standard units over the past three years
- Full interest-free interim payment benefit and fixed first contract deposit of 10 million KRW help reduce buyer burden

'Changwon Megacity Xi & Weave', currently being supplied in Changwon, Gyeongnam, is seeing robust contract activity driven by strong interest from genuine homebuyers. This positive response is attributed to the various financial benefits that help ease the financial burden on end-users, especially at a time when sales prices are on the rise due to increasing raw material costs and labor expenses.

The upward trend in sales prices is also evident in the data. According to the private apartment sales price trend report released by the Korea Housing and Urban Guarantee Corporation (HUG) in May 2025, the nationwide average sales price for private apartments was 5,751,000 KRW per square meter, marking a 3.18% increase compared to the same month last year (5,574,000 KRW). In particular, the sales price in local areas, including Changwon Special City, rose to 4,681,000 KRW per square meter, up 5.95% from 4,418,000 KRW in the same month of the previous year.

When converted to the standard 84 square meter unit, this represents an increase of over 100 million KRW. Over the past three years, the nationwide apartment sales price for an 84 square meter unit has risen by approximately 154.65 million KRW: 491.73 million KRW in May 2022, 549.62 million KRW in May 2023, 626.5 million KRW in May 2024, and 646.39 million KRW in May 2025, showing a steady annual increase. In particular, in local areas, the price has surged by about 32.6% (129.36 million KRW) over the past three years.

With this continued upward trend in sales prices, 'Changwon Megacity Xi & Weave' is offering a range of benefits to reduce the burden on buyers. First, there is a full interest-free benefit on 60% of the interim payment, and the contract deposit is fixed at 10 million KRW, significantly reducing the initial financial burden. Additionally, there are no additional payments required until the scheduled move-in date in December 2028, no restrictions on re-winning or resale, and no obligation for actual residence, making it favorable for both end-users and investors.

Industry experts generally view the interest-free benefit on 40-60% of the sales price as a significant advantage for buyers. Buyers are required to pay the contract deposit, interim payments, and balance in sequence after signing the contract, and many rely on loans to secure these funds, which can be a financial burden. However, when the developer covers all interest on interim payment loans, buyers can save tens of millions of KRW in financial costs, making this a substantial and tangible benefit.

A sales representative stated, "With the mandatory Zero Energy Building Grade 5 certification and the implementation of the third stage of the Stress DSR (Debt Service Ratio), there is still room for further sales price increases, leading to a growing number of buyers feeling the financial strain. In this context, 'Changwon Megacity Xi & Weave' has alleviated the burden on buyers through various financial benefits such as interest-free interim payments and a fixed contract deposit, resulting in a steady increase in inquiries from potential buyers."

Meanwhile, Changwon Megacity Xi & Weave, supplied through the Daeya District redevelopment project, will consist of 17 buildings with a total of 2,638 units, ranging from four basement levels to 37 above-ground floors. Of these, 2,041 units with exclusive areas of 54 to 102 square meters will be available for general sale. The model home is located in Jungang-dong, Seongsan-gu, Changwon Special City, Gyeongsangnam-do, and move-in is scheduled for December 2028.

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