Private Rental 'Dream City' in Ssangryeong District Advances Project Normalization Based on Special Private Rental Act

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“Dream City,” a private rental apartment complex in Ssangryeong District, scheduled to be the first supply near Gyeonggi Gwangju Station, has resumed its project normally despite an unexpected fire accident.

On the 27th, a fire suspected to be arson broke out at the Dream City promotional center in Ssangryeong-dong, damaging the center. The project developer, Dream Housing Co., Ltd., quickly completed restoration work and relocated the promotional center to a new location, resuming normal operations. Dream City is proceeding with the project in accordance with the Special Act on Private Rental Housing and continues to recruit prospective tenants.

Gyeonggi Gwangju private rental apartment Dream City is a massive complex planned to supply approximately 1,902 households near Gyeonggi Gwangju Station. Anyone aged 19 or older can move in regardless of subscription savings, home ownership, or income level. Additionally, residents can live stably for up to 10 years after moving in, and there is an opportunity to purchase the unit at a price lower than the current market price when converting to ownership.

Dream City consists of 12 buildings ranging from two basement floors to 35 above-ground floors, with all units oriented southeast or southwest to provide abundant sunlight and a pleasant environment. The complex offers a spacious distance between buildings for an open feel and guarantees a safe and comfortable living environment for residents. In particular, the exclusive area ranges from 59㎡ to 100㎡ in various types, expected to meet the diverse needs of different households.

One of Dream City’s major advantages is the ability to live stably for 10 years after moving in. The rent is set lower than the surrounding market prices, and this benefit is expected to continue when converting to ownership. Since residents live under a rental format rather than a sales format, there is no tax burden such as acquisition tax, and despite being private rental housing, it will provide an excellent living environment with high-quality finishes and construction comparable to general sale apartments.

Moreover, transportation and living infrastructure are excellent. It is within walking distance to Gyeonggang Line’s Gyeonggi Gwangju Station, providing easy access to major metropolitan areas such as Pangyo Station, Seongnam Station, and Gangnam Station. When the GTX-D line opens in the future, transportation convenience will improve even further.

Near Gyeonggi Gwangju Station, the Gwangju Sports Complex is scheduled to be completed in 2025, and Ssangryeong Neighborhood Park near the project site is set to begin construction in 2025 and be completed in 2026, indicating future infrastructure improvements. Additionally, elementary and middle schools are planned within the complex, and prestigious high schools are located nearby, offering an excellent educational environment.

Dream Housing Co., Ltd. stated, “Despite the recent fire incident, we are proceeding with legal procedures and project plans without disruption and will complete the project based on the Special Act on Private Rental Housing. We encourage you to visit the reopened Dream City housing promotional center to learn more about Dream City, which offers an opportunity to own a home at a stable and reasonable price.”

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