Popular Large Apartment Complex 'Songnae Station Prugio Centbien' Amid Market Watchfulness

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Amid the continued frozen atmosphere in the real estate market, large-scale apartment complexes are gaining popularity. Large-scale apartment complexes often feature better amenities and landscaping compared to other small to medium-sized complexes, and they are mostly developed by major construction companies under well-known brand names.

The advantages of living in a large-scale complex are clear. Compared to smaller complexes, large-scale complexes have lower maintenance fees and offer various community facilities and landscaped spaces, resulting in higher residential satisfaction. These benefits lead to active transactions, enabling price stability during downturns and noticeable price increases during boom periods.

In fact, maintenance fees for large-scale apartment complexes are relatively low. According to statistics from the Korea Real Estate Board's K-apt Apartment Management Information System, as of October 2023, the common maintenance fee for complexes with over 1,000 households nationwide was recorded at 1,188 KRW per 1㎡ of exclusive area. The fees were △1,426 KRW for complexes with 150?299 households, △1,275 KRW for 300?499 households, and △1,212 KRW for 500?999 households, showing that the larger the complex, the lower the maintenance fee.

Even in a cautious market, prices of large-scale apartment complexes are rising. According to KB Real Estate data, in January this year, the average sale price of the 84㎡A type unit in 'Helio City' located in Garak-dong, Songpa-gu, Seoul (total 9,510 households) was 2,006.7 million KRW. This is an increase of 240 million KRW compared to the average sale price in January last year (1,766.7 million KRW). In contrast, during the same period, the average sale price of the 84㎡ type unit in the nearby 'S' apartment complex (total 206 households) decreased by 80 million KRW (from 1,455 million KRW to 1,375 million KRW).

Last year, large-scale apartment complexes were also highly popular in the subscription market. For example, in May last year, the 'Shinyoung Jiwel Prugio Technopolis Central' in Songjeol-dong, Heungdeok-gu, Cheongju-si, Chungbuk, a large-scale complex with 1,034 households, attracted significant interest from buyers. As a result, 34,886 applicants competed for 473 units (excluding special supply), recording a high subscription competition rate of 73.75 to 1 for the first priority.

Additionally, in December last year, the 'Cheonggye Riverview Xi' in Yongdap-dong, Seongdong-gu, Seoul, with 1,670 households, also attracted many subscription accounts, achieving a double-digit first priority subscription competition rate of 45.98 to 1.

Meanwhile, Daewoo E&C is currently selling 'Songnae Station Prugio Centbien' in Songnae-dong, Bucheon-si, Gyeonggi-do (Bucheon Songnae 1-1 District Housing Reconstruction Maintenance Project). The complex offers a total of 1,045 units with exclusive areas ranging from 49 to 109㎡, of which 225 units are available for general sale. Subscription starts with special supply on February 6 (Tuesday), followed by first priority on February 7 (Wednesday). Within a 500m radius of the complex are Songnae Station and Jungdong Station on Subway Line 1, both accessible on foot. Additionally, Songnae IC is about 1 km away, providing excellent access to the metropolitan area. The complex includes a daycare center, and within a 500m radius are Solan Elementary School, Songnae Elementary School, and Bucheon West Elementary School, ensuring safe commuting for children. Large shopping facilities such as Hyundai Department Store, E-Mart, Homeplus, NewCore Outlet, CGV, Lotte Cinema, and Bucheon Rodeo Street are also nearby.

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