'Sokcho Terbaum' Near Transit Station Converts to Sale Amid Booming Real Estate Market in Non-Regulated Areas

The strong performance of the real estate market in Gangwon Province, which has remained a non-regulated area, continues following the first Residential Policy Deliberation Committee meeting under the current administration. Currently, all areas in Gangwon Province, including Sokcho and Chuncheon, are designated as non-regulated zones, allowing a maximum loan-to-value (LTV) ratio of up to 70% for mortgage loans for non-homeowners, reducing the financial burden for buyers. Additionally, acquisition tax and capital gains tax surcharges are exempted.

The apartment sales price index for the Gangwon region, released by the Korea Real Estate Board, rose to 106.5 in June this year, up 0.13% from 106.3 in the previous month, marking a continuous increase for 26 consecutive months since May 2020. In particular, Sokcho’s sales price index reached 117.8 in June, up 0.59% from 117.1 in the previous month, and increased by 2.61% compared to January’s 114.8, leading the rise in Gangwon housing prices. This upward trend ranks among the top nationwide.

Sokcho’s real estate market is hot not only because it is a non-regulated area but also due to various development prospects. The East-West high-speed railway connecting Chuncheon and Sokcho is expected to open in 2027, with the KTX Sokcho Station serving as a transfer station on the Donghae Northern Line connecting Gangneung to Jejin in Goseong County. Once the KTX Sokcho Station opens, travel time from Yongsan to Sokcho will be reduced to 75 minutes, and accessibility from Busan is also expected to improve.

Moreover, a transit-oriented complex development is underway around the KTX Sokcho Station area, including the neighborhoods of Nohak-dong and Joyang-dong in Sokcho City. This development will feature an international complex transfer center connecting railways, ports, and airports, a seafood food cluster, residential complexes with commuting access to the metropolitan area and northern Gangwon, as well as commercial and office facilities.

Meanwhile, the European-style premium terrace house complex ‘Sokcho Terbaum,’ located about 1 km from the planned KTX Sokcho Station, has attracted attention as it concludes its two-year smart living system and begins converting developer-owned units into sales.

Sokcho Terbaum is a large-scale residential complex completed in May 2020, consisting of 199 terrace houses on approximately 34,000㎡ of land within the Cheoksan Hot Spring Resort Village, one of Sokcho’s top healing destinations.

The greatest advantages of Sokcho Terbaum are its European-style community design and the pristine natural environment of the resort area. The 15,000㎡ garden within the complex features an aqua relaxation area, European-style flower beds, ground fountains, and gardens reminiscent of European mansions, greatly enhancing resident satisfaction. Especially, as the Cheoksan Hot Spring Resort Village is located right next door, all units are supplied with natural spring water. Additionally, the complex offers views of Seoraksan’s Ulsan Rock, a formation of six peaks resembling a folding screen, allowing residents to enjoy the scenic beauty of Seoraksan throughout the year.

In terms of design, the ceiling height on the 4th floor is 3.95 meters, enhancing the sense of openness. The top floors feature duplex layouts including attics, and each unit offers spacious pantries and ample storage space, improving residential convenience. Facilities for residents include a screen golf course, fitness center, GX room, guest house, and individual utility rooms for each unit. The complex is also equipped with a home network system and IoT technology.

Sokcho Terbaum consists of a total of 16 buildings with unit types of 74㎡, 84㎡, 106㎡, and 112㎡, and is located in Nohak-dong, Sokcho City.

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