A Park Equivalent to 23 Soccer Fields in Front of Your Home, 'Asan Zai Grand Park' Offers Forest Zone Premium

Recently, apartment complexes introduced through the Private Park Special Project in the housing market have been gaining high popularity. The ‘Asan Xi Grand Park’ by GS Construction, launching in October in Asan-si, Chungnam, is also attracting attention from buyers even before its sale, as it is built under the Private Park Special Project.

In particular, Asan Xi Grand Park is an apartment complex developed alongside Yonghwa Sports Park (planned), the first private park special project in Asan-si. It is a forest-adjacent park complex that embraces a large park roughly the size of 23 soccer fields. Yonghwa Sports Park is expected to feature various facilities such as an indoor gymnasium, children’s sports playground, ecological experience center, and forest health rest area, allowing residents to enjoy exercise, relaxation, and culture.

The Private Park Special Project involves a private developer developing about 30% of the park land into apartments, commercial spaces, etc., to generate profit, while the remaining approximately 70% is developed into a park and donated. This allows residents to enjoy the park as their own front yard and provides a much more pleasant living environment, which has increased demand and significantly raised housing prices.

According to KB Real Estate price data, the average sale price in October for an 84㎡ unit in ‘Uijeongbu Lotte Castle Gold Park’ Phase 1, developed as Korea’s first private park special project in Uijeongbu-dong, Uijeongbu-si, Gyeonggi-do, was 730 million KRW, which is 140 million KRW higher than two years ago (590 million KRW). Compared to the supply price of around 306 million to 360 million KRW, the price has more than doubled. Additionally, the price per 3.3㎡ in this complex is 21.06 million KRW, which is 56% higher than the Uijeongbu-si average (13.48 million KRW), ranking it third among all complexes in Uijeongbu-si with units sized between over 60㎡ and up to 85㎡.

When it comes to complexes built through the Private Park Special Project, high premiums are also attached to the pre-sale rights of new complexes. According to the Ministry of Land, Infrastructure and Transport’s real transaction disclosure system, the pre-sale right for an 84㎡A unit in ‘Gangneung Gyodong Haneulchae Sky Park,’ supplied through the Private Park Special Project in Gangneung, Gangwon-do, was traded at 591.66 million KRW in April. Compared to the supply price of 401 million KRW in September last year, a premium of nearly 200 million KRW was added in less than a year.

A real estate official said, “Apartments developed through the Private Park Special Project are highly popular because residents can use the park as their front yard and enjoy unobstructed views. With social issues such as COVID-19 and fine dust increasing demand for forest-adjacent locations, the success of complexes launched through the Private Park Special Project is expected to continue in the second half of this year.”

As a beneficiary of the Private Park Special Project, Asan Xi Grand Park also enjoys the premium of Asan’s central living area in terms of transportation, education, and lifestyle. It is close to Onyang Oncheon Station on Subway Line 1 and KTX Cheonan-Asan Station, making access to Seoul and other metropolitan areas convenient. There are also abundant transportation benefits such as the planned Asan-Cheonan Expressway (Phase 1 of Dangjin-Cheonan Expressway), the planned Western Inland Expressway, and the planned Seohae Line double-track railway.

The child-rearing environment is also excellent. Walking to Yonghwa Elementary School, Onyang Middle School, Yonghwa Middle School, and Yonghwa High School is possible, and there are nearby academies and the Asan City Central Library. Various facilities that will aid child-rearing are planned for Yonghwa Sports Park in front of the complex, allowing children to engage in various sports activities and cultural experiences in nature. Residents can also access various living infrastructures such as E-Mart, Lotte Mart, Asan City Hall, Cheonan Branch of Daejeon District Court, Asan City Court, Asan Public Health Center, and Asan Chungmu Hospital.

Asan Xi Grand Park also has high value as a workplace-proximity complex. It offers convenient commuting to many industrial complexes located in Asan-si, such as Hyundai Motor Valley, Inju Industrial Complex, Smart Valley, and Techno Valley, with a hinterland workforce of about 90,000 employees. Additionally, with the ongoing development of Asan Samsung Display City, Asan-si is emerging as a center of the display industry, which is expected to bring job creation and population inflow effects.

Meanwhile, Asan Xi Grand Park consists of two complexes in Yonghwa-dong, Asan-si, Chungnam. Phase 1 comprises 5 buildings from 3 basement floors to 35 floors above ground, with units ranging from 74 to 149㎡ and a total of 739 households. Phase 2 comprises 6 buildings from 4 basement floors to 37 floors above ground, with units ranging from 84 to 149㎡ and a total of 849 households.

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