Landmark Symbolism 'Jecheon's Tallest' Jecheon Xi The Sky for Sale

- Intensified Subscription Competition for Region's Tallest Complexes... Consecutive Records of Highest Local Competition Rates
- Leading Local Market with High Utilization of Symbolic Height and Excellent Amenities Including Community Facilities

Tower Palace Phase 3 (69 floors) in Seoul, LCT (101 floors) in Busan, and Songdo The Sharp First World (68 floors) in Incheon. The commonality of these complexes is that they are recognized as the tallest buildings in their respective regions and serve as local landmark complexes. Recently, in the real estate market, the tallest complexes that reshape the local skyline are using their height as a symbol, resulting in not only high subscription competition rates but also the formation of premiums.

According to Korea Real Estate Board's Subscription Home, GS Construction's 'Gapyeong Xi (29 floors)', which secured the title of the tallest building in Gapyeong, Gyeonggi Province, set a record for the highest average competition rate in the region during the first-priority subscription held last year. The complex attracted a total of 4,176 applications for 365 general supply units (excluding special supply), recording an average competition rate of 11.44 to 1.

Additionally, 'Chuncheon Central Tower Prugio (49 floors)', supplied in Chuncheon, also saw an average subscription competition rate of 910.9 to 1 during the non-priority subscription held at the end of last year, with 18,218 applications for 20 units. This tallest complex in Chuncheon previously set a record for the highest competition rate in Chuncheon city during the general sale in 2018, attracting 23,517 applications for 870 general supply units (excluding special supply), with an average competition rate of 27.03 to 1.

The intensification of subscription competition for the tallest complexes is attributed to the proven value appreciation of complexes holding the tallest title in their regions within the real estate market. A real estate expert explained, “The tallest complexes in a region often lead local market prices by boasting symbolic representation of the area, along with various advantages such as views, sunlight rights, and specialized communities utilizing their height. They are popular among diverse demands for both actual residence and investment value.”

In fact, 'Sokcho The Ocean Xi (43 floors)' in Sokcho, Gangwon Province, which is scheduled for occupancy this year, is recognized as a landmark by leveraging its status as the tallest building in the region and offering resident-specialized facilities such as the 'Sky Honors Club,' leading local market prices even before occupancy.

According to the Ministry of Land, Infrastructure and Transport's actual transaction prices, a 131㎡ unit in Sokcho The Ocean Xi was traded for 1.74008 billion KRW on February 17 this year, setting a new record for the highest apartment price in Sokcho city. This represents a premium of 578.18 million KRW over the sale price (1.1619 billion KRW), marking a 49.76% increase in less than two years. Moreover, a 84㎡ unit in the same complex, traded at a maximum of 821.62 million KRW, leads the local market price with a 69.4% increase (336.62 million KRW) over the sale price (485 million KRW).

Also, 'Gumi I-Park The Sharp (42 floors)', the tallest complex in Gumi, Gyeongbuk Province, is a leading complex in the local market. The highest actual transaction price of 616.82 million KRW for an 84㎡ unit in this complex is the first in Gumi city to exceed 600 million KRW for this size, maintaining its status as the highest price in the area for this unit size.

Accordingly, attention is focused on newly supplied complexes developed as the tallest buildings in their regions. In Jecheon, Chungbuk Province, 'Jecheon Xi The Sky', the tallest building in Jecheon and the first Xi brand in Jecheon, is scheduled for sale in May. This complex is expected to attract interest by creating a sky lounge, a feature usually seen in luxury apartments, utilizing its status as the tallest building in the area.

GS Construction plans to supply Jecheon Xi The Sky in the mini-complex town D1 block (Sinwol-dong), Jecheon city, Chungbuk Province. The complex will consist of 5 buildings ranging from 4 basement floors to a maximum of 37 floors above ground, with a total of 713 units sized between 79 and 112㎡. The unit distribution by size is △79㎡ 64 units △84㎡A 215 units △84㎡B 106 units △84㎡C 175 units △84㎡D 31 units △101㎡ 61 units △112㎡ 61 units, focusing on medium to large sizes.

Jecheon Xi The Sky will feature a sky lounge, which GS Construction previously introduced and received favorable reviews for at 'Seocho Grang Xi' in Seocho-gu, Seoul. The sky lounge, located on the 27th floor of building 104, will be equipped with a lounge bar, multipurpose meeting rooms, and an outdoor terrace. Residents will be able to enjoy tea, chat, or relax while overlooking the open neighborhood park and Baekgok Mountain from the sky lounge.

Furthermore, many specialized designs befitting its high symbolic value will be applied. Some units will feature an innovative three-sided open floor plan maximizing service area, and sufficient distance between buildings will enhance comfort and residential satisfaction within the complex. Additionally, a 100% underground parking design ensures safe living above ground, and parking spaces are secured at a ratio of 1.55 spaces per household for ample parking.

The development plan for surrounding living infrastructure is also noteworthy. Jecheon Xi The Sky is located about 100 meters from the planned neighborhood living facility site and distribution business facility site within the mini-complex town, maximizing residential convenience. Moreover, a neighborhood park to enhance pleasantness is planned directly south of the complex, raising expectations.

The subscription threshold is also low. Applications are possible nationwide, including Jecheon city, regardless of residence area. First-priority subscription eligibility requires a subscription savings account held for more than six months and meeting the deposit standard amount by area. Additionally, homeowners and household members can also apply.

Meanwhile, 'Jecheon Xi The Sky' plans to open a model house.

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