Will Geyang Become the Next Leading District? Mixed-Use Complex 'Jeil Punggyeongchae Geyang Winnersky' Draws Attention

- Large-scale residential-commercial complex with 1,440 households, attracting attention as the first large complex supply in Gyeyang-gu in 2 years
- Diverse community facilities suitable for a large complex and specialized interior design applied within units

Since the end of last year, as the real estate market has stagnated, more cautious buyers have been showing increased interest in large-scale branded complexes that have advantages in product design, residential comfort, and liquidity.

According to Real Estate R114 on the 4th, an analysis of nationwide apartment price changes over the past five years (January 2018 to December 2022) categorized by complex size revealed that large complexes with over 1,500 households rose by 65.4%, while complexes with fewer than 1,000 households saw increases of less than 62%. Large complexes with 1,000 to 1,499 households recorded a 63.46% increase, surpassing the overall average of 62.59%, confirming that large-scale apartment complexes have relatively higher market prices.

Additionally, as the size of the complex increases, landscaping and resident convenience facilities are more diversely developed, enhancing residential convenience. The larger scale means more residents, which leads to well-established living infrastructure such as commercial facilities, transportation, and educational institutions both inside and outside the complex.

Although demand for large complexes is increasing, the supply of complexes with over 900 households remains insufficient compared to demand. Among the 405 complexes (counted by complex and block separately) supplied last year, only 88 were large complexes with over 900 households, including 'Olympic Park Foreon' (Dunchon Jugong Reconstruction, 12,032 households), 'Raemian Forestige' (4,043 households), 'Buk Seoul Xi Polaris' (1,045 households), and 'Gapcheon2 Tripul City Eliph' (936 households), accounting for just 21.7% of the total supply.

In August, ‘Jeil Punggyeongchae Gyeyang Winnersky,’ a branded large complex with over 1,000 units, will be supplied in Gyeyang-gu, Incheon, for the first time in over two years.

Jeil Punggyeongchae Gyeyang Winnersky will be developed as a branded large complex with a total of 1,440 households (Block A: 777 apartments and 97 officetels, Block B: 566 apartments) with exclusive areas ranging from 59 to 84㎡. All units consist only of small to medium-sized units under 85㎡, which are highly preferred by buyers.

Matching its large scale, various infrastructure facilities will be provided. Residents will have access to Hyosung Cultural Park and Hyosung Swimming Pool, planned as public contribution and infrastructure facilities right next to the complex. Additionally, a large street mall of 5,500 pyeong (approximately 18,181㎡) will be developed within the complex, expected to become a long-stay space and a future local landmark along with the park.

The brand power of Jeil Construction is also highly anticipated. Jeil Construction has proven its popularity by successfully selling apartments in several areas within Incheon, including Geomdan, Cheongna, and Luwon. It has been recognized as an excellent brand among consumers, having won the Prime Minister’s Award for Livable Apartments three times, ranked first in landscaping performance in the 2017 Ministry of Land, Infrastructure and Transport construction capability evaluation, and received an AAA credit rating from the Housing and Urban Guarantee Corporation (HUG) in 2021. Recently, all contracts for ‘Yeongjong International City Jeil Punggyeongchae The Ocean’ have been completed, and ‘Jije Station Semiconductor Valley Jeil Punggyeongchae 2BL’ is on the verge of a 100% sell-out.

A sales official stated, “Following the government’s easing of various real estate regulations earlier this year, the metropolitan area’s pre-sale market has recently revived due to rising expectations for real estate price increases. With multiple development benefits underway, including redevelopment projects and transportation improvements, and with a branded large complex of up to 35 floors and a total of 1,440 households, we will strive to make it a landmark in the region.”

Meanwhile, the Jeil Punggyeongchae Gyeyang Winnersky sales gallery is currently open.

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