Interest in ‘Harrington Place Gamsam 3rd Phase’ Offering Financial Benefits

[Haerrington Place Gamsam 3rd Phase]

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As sale prices skyrocket, demand is focusing on existing sale complexes with lower thresholds for homeownership. In particular, complexes offering financial benefits that can save buyers tens of millions of won are leading a streak of sellouts, signaling changes in the real estate market.

In fact, the ‘Sangdo Prugio Clavenue,’ which accepted discretionary supply applications earlier this year, achieved a sellout with an average competition rate of 75.3 to 1. The complex was priced at 1.2 to 1.3 billion KRW for an exclusive area of 84㎡, considered expensive at the time of its sale in September last year. However, as sale prices have recently soared to unprecedented levels, it has successfully repositioned itself as a reasonable existing sale complex.

Especially, existing sale complexes boasting financial benefits that can save buyers up to tens of millions of won are attracting even more attention. For example, ‘Hillstate The Unjeong’ supplied in Paju was initially left with unsold units at a price of 1 billion KRW for an 84㎡ exclusive area during the initial official contract phase. However, by offering financial benefits such as a fixed 5% down payment and interest support, it succeeded in achieving a 100% sellout.

Recently, with the government introducing drastic measures, a rebound atmosphere is forming in the Daegu market, indicating changes. This reflects expectations for real estate policy initiatives such as DSR (Debt Service Ratio) relaxation and a 5-year capital gains tax exemption, along with the continued policy of limiting existing supply volumes. As a result, the scarcity value of new apartments is expected to rise, leading to significant increases in housing prices.

Accordingly, buyers are becoming more active in securing good locations before apartment prices rise sharply.

In Daegu, contracts for ‘Harrington Place Gamsam Phase 3,’ located in the large-scale residential town of West Daegu represented by Jukjeon Station and Bonlinegeori, are heating up. This is because it offers special financial benefits not seen in other complexes.

In fact, the complex allows homeownership with a fixed down payment of just 5 million KRW without additional costs until move-in. Additionally, a limited-time contract congratulatory payment is provided to further reduce financial burdens, greatly increasing interest among newlyweds dreaming of owning a home. Moreover, financial benefits such as 60% interest-free interim payments and free balcony expansion, which can save tens of millions of won compared to other complexes, are attracting even more attention.

Harrington Place Gamsam Phase 3 also offers well-established living infrastructure. Within 1 km of the complex are well-equipped facilities such as Homeplus and Hanaro Mart. Nearby are Jangdong Elementary and Bonri Elementary Schools, as well as middle and high schools, with Bonri Library also close by. Furthermore, it is conveniently accessible via Waryong-ro and Dalgubeol-daero, which cross Daegu’s center east-west and north-south, and highway access is easy through Seongseo IC and Namdaegu IC. West Daegu Station is also located nearby, providing excellent metropolitan accessibility.

The complex also has future value. The relocation of the Daegu City Hall new building is planned to be pushed forward again, and the West Daegu Station complex transfer center is also scheduled for development. Additionally, urban regeneration projects within Jukjeon are expected to continue, further improving residential conditions.

In the Dalseo-Jukjeon area where Harrington Place Gamsam Phase 3 is located, 7,061 households have been supplied over the past three years (October 2020 to October 2023), changing the skyline and overall landscape with new apartment complexes. Moreover, the establishment of railway and road networks such as KTX West Daegu Station, Daegu Metropolitan Railroad, and Daegu Industrial Line has transformed the transportation network to a near-complete overhaul.

Harrington Place Gamsam Phase 3, located in Gamsam-dong, Dalseo-gu, Daegu Metropolitan City, consists of a total of 566 households, including 363 apartment units. The popular medium-sized types of 84㎡ and 94㎡ are currently available for first-come, first-served unit designation contracts, with most contracts completed and closing soon.

The model house is open to visitors in Igok-dong, Dalseo-gu, Daegu.

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