Which Apartment Has Low Maintenance Fees and Is Economical Compared to Market Prices? ‘Wolbae Station Grand One’ Opening Soon
- Grand One Promotion Center at Wolbae Station to Open on April 30
- 1,259 Units of 84 Single-Size Households Scheduled
According to the Apartment Management Information System of the Korea Real Estate Board, large apartment complexes with over 1,000 households pay 20% less in maintenance fees compared to smaller complexes, while their housing prices are 34% higher. Specifically, when comparing maintenance fees between apartments with over 1,000 households and small complexes with 150 to 299 households, large complexes have maintenance fees that are 20% lower than those of small complexes.
On the other hand, data from Real Estate 114 shows that apartment sale prices in large complexes are 34.7% higher than those in small complexes. During the same period, the average sale price per 3.3㎡ between small complexes with fewer than 300 households and large complexes with over 1,000 households differed by 4.22 million KRW, with large complexes being 34.7% more expensive.
A real estate expert explained, “Generally, economies of scale mean that the larger the complex, the more households share the common management fees, resulting in lower maintenance fees per household. Especially, large apartment complexes often feature specialized designs such as energy-saving systems, which reduce the maintenance fee burden relatively.” He added, “Additionally, having various community facilities makes living more convenient, and the abundant demand ensures good liquidity and expected price appreciation.” He concluded, “Since the advantages of apartments with over 1,000 households are reflected in the data, the popularity of large apartment complexes is expected to continue.”
For example, Jincheon Station Raon Private Centum, which was sold in 2018, is a complex with up to 43 floors and 585 households, recording an average competition rate of 110.79 to 1. In April last year, Wolbae Raon Private DL, with up to 48 floors and 555 households, recorded an average competition rate of 11.6 to 1.
The ‘Wolbae Station Grand One,’ set to become a new landmark large complex in Dalseo-gu, Daegu, is scheduled to open its promotional center on April 30.
While most apartment complexes in Dalseo-gu, Daegu, have been small to medium-sized, ‘Wolbae Station Grand One’ is planned as a single-type complex with 1,259 households and a maximum height of 47 floors, making it a landmark complex representing Jincheon-dong.
‘Wolbae Station Grand One’ is designed as a 47-floor high-rise building to provide a pleasant residential environment. The higher the floor, the better the sunlight and views, and the wider the distance between buildings, allowing for privacy protection. Moreover, the outstanding exterior design utilizing the height adds symbolic value as a landmark in the area.
In addition to residential facilities, ‘Wolbae Station Grand One’ will include office spaces, high-end commercial areas, and various community facilities. Most units are oriented south to ensure good lighting and ventilation, and the layout will feature a 4Bay design with four rooms and a spacious dressing room.
The excellent transportation environment is another major advantage. Wolbae Station on Line 1 is just a one-minute walk away, making it easy to access Daegu’s main urban areas. Numerous bus routes pass by the bus stops around the complex, facilitating commuting for office workers. Additionally, Wolbae-ro and Apsan Circular Road provide easy access to various parts of Daegu, and using Namdaegu IC or Yucheon IC allows convenient entry to the Jungbu Inland Expressway branch.
The comfortable living environment is also noteworthy. Various lifestyle convenience facilities such as Wolbae Market, E-Mart, Lotte Department Store, CGV, and Nazareth General Hospital are well established nearby.
The educational environment is excellent as well. Wolbae Kindergarten and Jinwol Elementary and Wolbae Elementary Schools are located near the complex, ensuring safe commuting for young children. Wolseo Middle and Wolbae Middle Schools are within walking distance, and Daeseo Middle, Daegun High, Yeongnam High, Sangwon High, Dalseo Technical High, and Gyeongbuk Mechanical Technical High Schools are clustered nearby, providing a high level of educational infrastructure.
Abundant green infrastructure also allows residents to enjoy a refreshing eco-friendly lifestyle. There are plenty of green spaces, including Obok Park right next door. Additionally, nearby are the Daecheon-dong Prehistoric Site and Wolgwang Riverside Park, offering a pleasant natural environment.
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The Wolbae Station Grand One promotional center is located in Dalseo-gu, Daegu Metropolitan City.
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