Private Participation Public Sale Complex 'ePyeonhansesang Tangjeong First Dream' Sale Closing Soon

- Anyone Can Contract Without Qualification Requirements, 1-Year Resale Restriction (Planned)... Investment Demand Surges
- Supplied at Reasonable Prices Under Price Ceiling System, Featuring Excellent Location and Quality Products

Last year, the ‘e-Pyeonhansesang Tangjeong First Dream,’ which broke the highest competition rate record in Asan City and attracted great attention, is rapidly selling out its remaining units. According to sales officials, contracts are being made on a first-come, first-served basis with designated units, and a ‘sell-out’ is imminent.

The ‘e-Pyeonhansesang Tangjeong First Dream,’ a consortium project by Chungcheongnam-do Development Corporation and DL E&C, is a private-participation public sale apartment built on public land, with relatively strict eligibility criteria for the main subscription. However, since it is supplied through first-come, first-served contracts, anyone aged 19 or older can sign a contract regardless of whether they have a subscription savings account, residency restrictions, or home ownership status, making it a great opportunity for investors.

Additionally, due to the government’s 1·3 real estate measures, the resale restriction period, which was previously three years, is expected to be reduced to one year, significantly lowering the regulatory burden. Especially, the application of the price ceiling system enhances price competitiveness. Including the total cost of balcony expansion construction, units with a net floor area of 84㎡ can be purchased in the low 400 million KRW range (excluding penthouses).

Even in a sluggish real estate market, compared to complexes located in the Tangjeong district trading at around 700 million KRW, this price is set at least 300 million KRW lower. In fact, according to the Ministry of Land, Infrastructure and Transport’s actual transaction prices, the ‘Handeul Mulbit City Jiwel City Central Prugio Phase 2 (moved in January 2022)’ in the Tangjeong district, with a net floor area of 84㎡, was traded for 710 million KRW in March this year.

The reason prices have not dropped significantly is attributed to the excellent location of the Tangjeong district, which is highly preferred in the region. For example, Tangjeong district is close to Cheonan-Asan Station (KTX·SRT), Asan Station (Line 1·Janghang Line), and Tangjeong Station (Line 1), offering excellent access to major metropolitan areas and Seoul. Using the KTX, it takes about 40 minutes to Seoul Station, and using the SRT, about 30 minutes to Suseo Station, allowing quick travel to central Seoul.

Moreover, e-Pyeonhansesang Tangjeong First Dream is located right in front of planned kindergarten and elementary school sites, enabling safe commuting for young children, and a planned middle school site is also within 300 meters, providing an excellent educational environment.

A sales official stated, “This is recognized as virtually the last chance to secure a private-participation public sale complex supplied in Asan Tangjeong district, and compared to existing occupied complexes, the price competitiveness is very high, so demand from buyers looking to invest based on future value continues steadily. Since the remaining units are selling out quickly, we expect a complete sell-out soon.”

Meanwhile, this complex, located in Se-gyo-ri, Baebang-eup, Asan City, Chungcheongnam-do, in Asan Tangjeong District 2-A10 Block, consists of 9 buildings ranging from 2 basement floors to a maximum of 29 floors above ground, with a total of 893 households of 84㎡ net floor area.

‘e-Pyeonhansesang Tangjeong First Dream’ is currently operating a housing exhibition center, and move-in is scheduled for January 2025.

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