'Bukcheonan Xi Forest' Available for 'Home Ownership' with Jeonse Price, First Priority Subscription Today

‘Bukcheonan Xi Forest,’ which is accepting first-priority subscription applications today, is attracting a lot of attention due to its reasonable sale price. This is because it is possible to own a home for the price of a Jeonse deposit in downtown Cheonan.

Bukcheonan Xi Forest is a 5-year public construction rental apartment built by GS Construction in Seonggeo-eup, Seobuk-gu, Cheonan-si, Chungcheongnam-do. It is currently offering remaining units primarily from households that have ended their lease period or do not meet the sale qualification requirements.

In particular, the sale price is set at about 166 million KRW for the 59㎡ exclusive area and 233 million KRW for the 84㎡ exclusive area, which is significantly lower compared to the market prices in nearby areas. According to KB Real Estate Market Price data, the average market price for a 59㎡ unit in ‘Jiksan Station Dream Green’ (moved in January 2019), located in the same Seonggeo-eup, is around 255 million KRW. Considering that the general sale price for the same size at Bukcheonan Xi Forest is about 166 million KRW, it is approximately 90 million KRW cheaper than the market price.

Even compared to apartments of similar age located in nearby Jiksan-eup, there is a difference of several tens of millions of KRW. The market price for 59㎡ units in ‘Jiksan Hanyang Suain Airim’ and ‘Hanyang Sujain Vida Feliz,’ both 5-year-old apartments, is 255 million KRW, which is about 89 million KRW higher than the sale price of the 59㎡ units at Bukcheonan Xi Forest.

Additionally, the average sale price for the 84㎡ units at Bukcheonan Xi Forest is 233 million KRW, which is similar to the Jeonse deposit prices of small apartments in the downtown area of Seobuk-gu, Cheonan. For example, the Jeonse deposit for 59㎡ units at ‘Dujeong Station Hyosung Harrington Place’ and ‘e-Pyeonhansesang Dujeong 3rd Phase’ in Dujeong-dong is around 230 million KRW, and the Jeonse prices for 59㎡ units at ‘Hillstate Cheonan Sinbu’ and ‘Sinbu Dosol Noble City Dongmoon Good Morning Hill’ in Sinbu-dong range from 210 million to 230 million KRW.

In other words, if tenants currently renting a 59㎡ unit in the downtown area of Seobuk-gu purchase an 84㎡ unit at Bukcheonan Xi Forest, they can essentially own a home for almost the same price as their current Jeonse deposit.

A sales representative stated, “Despite the recent downturn in the real estate market, there is a sales boom centered on complexes with price competitiveness. As news spreads that Bukcheonan Xi Forest is offering an unprecedentedly low sale price, inquiries have been steadily coming in. Along with its high price competitiveness, the fact that it is a large-scale ‘Xi’ complex highlights its appeal, raising expectations not only for actual residents but also for investors.”

Bukcheonan Xi Forest will accept first-priority subscription applications on the 11th (Tuesday) and second-priority applications on the 12th (Wednesday). The winners will be announced on the 18th (Tuesday), and the official contracts will be conducted over three days from May 2nd (Tuesday) to May 4th (Thursday).

The complex boasts convenient transportation and a location close to workplaces. It is well connected by road networks such as the Gyeongbu Expressway Cheonan IC and Bukcheonan IC, Cheonan-daero (National Road No. 1), and Manghyang-ro (Provincial Road No. 23), as well as metropolitan transportation networks including the Seoul Metropolitan Subway Line 1 Jiksan Station and Dujeong Station, and KTX Cheonan-Asan Station. Notably, the Seobuk~Seonggeo National Road Bypass is scheduled to open nearby in 2024, which is expected to make travel to Seongseong-dong in downtown Cheonan even more convenient.

Surrounding the complex are industrial complexes and major companies such as Cheonheung General Industrial Complex, Chungnam Technopark, the planned Seonggeo General Industrial Complex, and Samsung Display & SDI, enhancing its value as an apartment close to workplaces.

Moreover, there is abundant educational infrastructure including Seonggeo Elementary School, Chungnam Arts High School, Seonggeo Library, Dankook University, Sangmyung University, Hoseo University Cheonan campuses, and Baekseok University. Additionally, the proximity to recreational areas such as Seonggeo Mountain hiking trails and valleys, Taejosan Gakwonsa Temple, Seonggeo Mountain Manilsa Temple, and Cheonheung Reservoir highlights the pleasant residential environment.

As a large-scale complex under GS Construction’s Xi brand, the product quality is excellent. Many units are oriented southward to maximize natural lighting, and various landscaping facilities such as healing garden walking paths and living gardens have been designed to enhance residential comfort. Community facilities include a fitness center, study rooms, and a small library.

Bukcheonan Xi Forest consists of 10 buildings ranging from 2 basement floors to a maximum of 29 floors above ground, with a total of 1,348 households. Additional information can be found on the official website.

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