Mammoth-scale Complex, 'Sinpung Station Shindong-A Familier' Attracts Attention with Various Community Facilities
Demand for large-scale apartment sales is always high among consumers. Large-scale apartments are superior to other complexes in terms of layout, finishing materials, systems, and community facilities, and they establish themselves as the leading properties in the area, thus leading the market prices.
[Perspective view of Shindong-A Familie near Sinpung Station, Source: (Tentative name) Singil 5-dong Regional Housing Association]
View original imageGenerally, an apartment complex with more than 1,000 households is classified as a large-scale complex. When a large-scale apartment complex is built, the number of residents is so large that surrounding convenience and transportation facilities are often expanded. Additionally, they have various advantages such as lower maintenance fees compared to smaller apartment complexes.
According to data from the Apartment Management Information System, in February, the nationwide apartment maintenance fee for complexes with over 1,000 households was the lowest at 1,108 KRW per square meter. Following that were complexes with 500?999 households at 1,139 KRW, 300?499 households at 1,206 KRW, and 150?299 households at 1,339 KRW, showing that the smaller the scale, the higher the fees.
Housing prices are also led by large-scale complexes. According to Real Estate R114 data, over the past two years until March, the nationwide apartment price increase rate by size showed that complexes with 1,500 or more households had the highest increase at 38.57%. This was followed by 1,000?1,499 households (38.04%), 700?999 households (37.86%), and 500?699 households (37.66%), indicating that the smaller the scale, the lower the increase rate.
Real estate experts say, “Large-scale complexes are not just big apartments but are often recognized as representative apartments of the area, attracting many people who want to move in, which also makes liquidity excellent.” They added, “In terms of product features, various community facilities and layout designs are introduced, resulting in high residential satisfaction.”
Given this situation, attention is focused on the ‘Shinpung Station Shindong-A Familier’ apartment, boasting a mammoth scale of 2,028 households (planned). This complex, organized by the (tentative name) Shingil 5-dong Regional Housing Association recruiting members, is located in Shingil-dong, Yeongdeungpo-gu, Seoul. It is planned to be a large-scale complex with 16 buildings, ranging from three basement floors to 38 floors above ground, with a total of 2,028 households (planned), composed mainly of small to medium-sized units preferred by consumers. By exclusive area, it consists of ▲51㎡ with 566 households (including 199 public rental units) ▲59㎡ with 922 households (including 82 public rental units) ▲74㎡ with 338 households ▲84㎡ with 202 households.
[Shinpung Station Shindong-A Familier Resident Community Facility Sunken Plaza, Source: (Tentative Name) Singil 5-dong Regional Housing Association]
View original imageShinpung Station Shindong-A Familier will feature diverse landscaping and community facilities befitting a large-scale complex. It will include a sunken plaza connected to resident common facilities, exercise facilities, a senior center, a community center, as well as a kids’ center, daycare classrooms, a small library, and playgrounds for children, greatly supporting residents’ hobbies and leisure activities.
It also boasts an excellent location with future value. Shinpung Station Shindong-A Familier is located in an ultra-station area near Shinpung Station on the Sinansan Line, which is under construction and scheduled to open in 2024. Once opened, it will take only three stops to reach Yeouido. The 7 Line Shinpung Station and 2 Line Daerim Station are also within walking distance, allowing access to the Express Bus Terminal Station on Line 7 in about 10 minutes without transfers. Additionally, Yeongdeungpo Station, which offers Line 1 and KTX services, is nearby. For car users, access to major business districts is convenient via a well-developed wide-area transportation network including Nambu Beltway, Seobu Expressway, Gyeongin Road, and Olympic-daero, making it highly anticipated as a residence close to workplaces.
Right next to the complex are Dosin Kindergarten and Dosin Elementary School, enabling safe commuting for young children. Moreover, many schools such as Daeyeong Elementary, Middle, and High Schools, Yeongnam Middle School, and Yeongsin High School are clustered within walking distance, allowing residents to enjoy an excellent educational environment all in one place. Nearby green spaces such as Boramae Park, Shingil Neighborhood Park, and Dorimcheon Stream provide a pleasant residential environment.
Furthermore, the location shares the Shingil New Town central commercial area and Sindorim-Yeongdeungpo living zones, offering abundant living infrastructure. The nearby natural environment is also rich with Boramae Park, Shingil Neighborhood Park, and Dorimcheon Stream, ensuring a comfortable living environment. Specifically, the Yeongdeungpo Sports Center, equipped with an indoor swimming pool and golf practice range, is adjacent. Various shopping centers such as Shinsegae Department Store, Hyundai Department Store, Homeplus, and E-Mart, as well as cultural facilities like CGV, Kyobo Bookstore, and Art Center, and medical facilities including Hallym University Gangnam Sacred Heart Hospital, Boramae Hospital, Daerim St. Mary’s Hospital, and Myongji St. Mary’s Hospital are conveniently accessible.
A project official stated, “Shinpung Station Shindong-A Familier has already passed the Seoul City district unit plan, and the association establishment approval and building review application are expected to be completed by June, progressing rapidly. Since no subscription savings account is required and it has price competitiveness compared to surrounding market prices, there is continued interest, with the 51㎡, 74㎡, and 84㎡ types nearing completion.”
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Meanwhile, the ‘Shinpung Station Shindong-A Familier’ is currently operating a promotional center.
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