‘The Sharp Dunchon Foret’ with Complete Living Infrastructure Sees Smooth Contract Progress

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‘The Sharp Dunchon Foret,’ which began pre-sale last month, has completed the official contract schedule and is set to conduct a lottery and contracts for the preliminary winners on the 5th. Following the subscription application and official contracts, the contracts are progressing smoothly with strong interest from actual buyers, and the preliminary winner contracts are also expected to close quickly.

Known as the ‘Mini Dunchon Jugong’ and regarded as a ‘hot issue’ in the spring 2024 pre-sale market, ‘The Sharp Dunchon Foret’ recorded an average competition rate of 93.06 to 1 with 4,374 applicants for 47 general supply units in the first-priority subscription last month. In particular, for the 15 units of exclusive 84㎡B, 2,330 applicants applied, achieving an impressive highest competition rate of 155.33 to 1.

This is the highest first-priority subscription competition rate among all apartments sold in Gangdong-gu since the deregulation of the restricted area.

‘The Sharp Dunchon Foret’ is located near ‘Dunchon Jugong (Olympic Park Foreon, 12,032 households),’ which is currently referred to as the flagship in Gangdong-gu, sharing similar infrastructure and future value. With a total of 572 households, it is relatively small and has been called the ‘Mini Dunchon Jugong.’

True to its name, it has clearly benefited from the halo effect of Dunchon Jugong. The recent actual transaction price of the exclusive 84㎡ units in Dunchon Jugong, scheduled for move-in at the end of this year, reached around 1.9 billion KRW, with asking prices exceeding 2 billion KRW, indicating that the favorable atmosphere in the area has extended to ‘The Sharp Dunchon Foret’ as well.

With added price competitiveness, demand has surged further. The pre-sale price for the exclusive 84㎡ units of ‘The Sharp Dunchon Foret’ ranges from 1.2 billion to the high 1.3 billion KRW range, which is up to 700 million KRW cheaper compared to Dunchon Jugong. From the buyer’s perspective, the current price gap is expected to narrow after move-in, allowing for considerable capital gains.

It also boasts excellent design. For the remodeling general sale units, it adopted a ‘new building separate block’ method that has not been seen domestically before. This allowed the general sale units to be designed with the latest floor plan trends, applying a 4-bay plate-type layout (except for some units) rather than the typical remodeling apartment structure, effectively offering housing types similar to new apartments.

Additionally, various community facilities are provided, including a sports community with an indoor golf practice range, fitness club, GX room, sauna, and an education community featuring a small library, book caf?, kids’ room, and multi-purpose room.

The location, dense with various infrastructure, also increased buyer preference. The complex is a station-area complex near Jungang Veterans Hospital Station, an express stop on Seoul Subway Line 9. Access to Gangbyeonbuk-ro and Olympic-daero is convenient, facilitating easy travel throughout Seoul. It is also close to Gangil IC, Sangil IC, and Seo Hanam IC, making travel to various regions convenient. Furthermore, transportation benefits such as the planned extension of Line 9 Phase 4 (scheduled for 2028) and the recently announced ‘Top 30 Innovation Strategies in Transportation,’ including the planned GTX-D line with a new station (tentatively named Gangdong Station), are attracting attention.

All elementary, middle, and high schools are concentrated within walking distance, including Dunchon Middle School right in front of the complex, Sunrin Elementary School, and Dunchon High School, ensuring a safe commuting environment. Prestigious school districts such as Paichai High School and Han Young Foreign Language High School are also accessible.

Convenient living environments are secured with proximity to Jungang Veterans Hospital, Hyundai Department Store, E-Mart, Lotte Cinema, and Gangdong Sacred Heart Hospital.

Iljasan Urban Natural Park, located right in front of the complex, features various parks and rest facilities such as the Herb Astronomy Park, Gangdong Greenway Family Camping Site, indoor gymnasium, walking trails, and artificial waterfalls. Olympic Park, Gildong Ecological Park, and Gwangnaru Hangang Park are also accessible, making it a multi-zone complex (station zone, school zone, park zone, etc.) equipped with transportation, education, lifestyle, and environmental advantages.

‘The Sharp Dunchon Foret’ consists of 572 households from basement level 2 to 14 floors above ground, with 74 units ranging from exclusive 84 to 112㎡ offered to the public, and a promotional center is in operation.

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