'ePyeonhansesang Gapyeong First One' Attracts Attention with High Accessibility to Seoul

Last year, the average price per 3.3㎡ of apartments in Seoul surpassed 40 million KRW for the first time ever, and housing prices in the Gyeonggi region are also rising, increasing the financial burden on buyers. As a result, new apartments in Gyeonggi-do, which offer relatively reasonable prices and good accessibility to Seoul, are attracting attention as options for homeownership.

According to KB Real Estate's monthly housing price trend data, the average price per 3.3㎡ of Seoul apartments in December last year was 40.33 million KRW, breaking the 40 million KRW mark for the first time since statistics began in April 2013. Compared to 33.99 million KRW in January last year, this represents a sharp increase of about 18.65%.

In this situation, housing prices in the previously undervalued Gyeonggi region are also showing an upward trend. According to data from the Korea Real Estate Board, in the third week of January (18th), the weekly apartment sale price index in Yangju-si, Gyeonggi-do, rose by 1.27 percentage points, marking the highest increase among all areas in Gyeonggi-do. This was followed by Uiwang-si at 0.97 percentage points, Goyang-si at 0.95 percentage points, and Namyangju-si at 0.77 percentage points.

As the price increase spreads from Seoul to the Gyeonggi region and financial burdens grow, more buyers are moving to the outskirts of Gyeonggi-do where prices are relatively reasonable. The price gap between regions is large enough that new apartments can be purchased with the equivalent of a jeonse deposit.

In fact, new apartments in Gyeonggi-do with relatively reasonable pre-sale prices and price competitiveness are gaining interest in the subscription market. In December last year, ‘Deogeun Samjeong Green Core The Best’ in Deogyang-gu, Goyang-si, Gyeonggi-do, received 12,502 applications for 193 units (excluding special supply), recording an average competition rate of 64.78 to 1 in the first subscription round. The average pre-sale price per 3.3㎡ of this complex was 14.86 to 14.99 million KRW, which was cheaper than the sale price of newly built apartments under five years old in the same area during the same period, which was 27.18 million KRW per 3.3㎡ (according to Real Estate 114).

Meanwhile, ‘e-Pyeonhansesang Gapyeong First One,’ developed by Daehan Land Trust Co., Ltd. and constructed by DL E&C (formerly Daelim Industrial), is currently being sold in the Gapyeong-gun area of Gyeonggi-do. The complex consists of 4 buildings ranging from 3 basement floors to a maximum of 27 floors above ground, with a total of 472 units sized between 59 and 84㎡.

e-Pyeonhansesang Gapyeong First One recorded the highest number of first-round subscription applications ever in Gapyeong-gun during the subscription reception on February 1 (Monday). According to Real Estate 114 data, since 2000, six new complexes have been sold in Gapyeong-gun, and the one with the highest number of subscription accounts was ‘Gapyeong Bluefin’ (sold in April 2018), which received 41 applications in the first subscription round. In contrast, e-Pyeonhansesang Gapyeong First One received 1,314 applications, about 32 times more.

To reduce the initial financial burden on winners, a fixed first deposit of 10 million KRW is implemented. After paying the first deposit at the time of contract, the remaining amount equivalent to 10% of the total pre-sale price must be paid within 30 days after the contract. A 60% interest-free benefit is provided on the intermediate payment, and notably, resale is allowed before the first intermediate payment.

The complex is located within a 1.5 km straight-line distance from Gapyeong Station on the Gyeongchun Line and ITX. Using the ITX, it takes about 40 minutes to reach Cheongnyangni Station in Seoul and about 60 minutes to Yongsan Station. Additionally, according to a press release from the Wonju Regional Land Management Office dated November 4, the alternative route for the Second Gyeongchun National Road is planned to pass north of the existing Gyeongchun National Road (National Road No. 46) and through the southern urban area of Gapyeong-gun, Gyeonggi-do (north of Jaraseom). Once the Second Gyeongchun National Road opens, accessibility from Gapyeong to Seoul is expected to improve.

The announcement of winners for e-Pyeonhansesang Gapyeong First One is scheduled for February 8 (Monday). The official contract period is from February 22 (Monday) to 24 (Wednesday) for three days. The housing exhibition center is located in Gapyeong-gun, Gyeonggi-do.

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