Prugio Offers Exceptional Financial Benefits Including Interest-Free Interim Payment Loans for 'Singil AK'

- 10 Million KRW Initial Deposit at Contract, 50% Interest-Free Loan Benefit on Interim Payment
- Safe Park-Style Complex with No Cars Above Ground, One Parking Space per Household Available

[Shingil AK Prugio Perspective]

As mortgage loan interest rates at commercial banks rise, complexes offering interest-free interim payments are attracting attention.

According to the 'Weighted Average Interest Rate of Financial Institutions' statistics announced by the Bank of Korea on the 27th, the average interest rate on household loans at deposit banks in August (weighted average based on new loan amounts) rose by 0.03 percentage points (p) from July to 4.83% per annum.

The household loan interest rate had fallen for two consecutive months in June (4.81%) and July (4.80%) but turned upward after three months. In particular, the increase in variable-rate mortgage loans (4.50%) of 0.05 p was larger than that of fixed-rate loans (4.25%, 0.03 p).

In this situation, major construction companies are actively promoting interest-free interim payments to attract the attention of actual buyers and investors.

Daewoo E&C has reopened the model house for ‘Singil AK Prugio’ supplied in Yeongdeungpo-gu, Seoul. This complex is a residential-commercial mixed-use building consisting of five buildings from basement level 5 to ground level 24, with a total of 392 units including small-sized houses and officetels, as well as neighborhood living facilities.

Among them, the small-sized houses supplied this time consist of ▲49㎡A 80 units ▲49㎡B1 148 units ▲49㎡B2 19 units ▲49㎡C 39 units, totaling 286 units (excluding 10 public rental units).

‘Singil AK Prugio’ offers exceptional financial benefits for buyers. Specifically, it supports interest-free loans for interim payments. Additionally, the down payment can be paid in installments: the first down payment of 10 million KRW at contract signing, and the remaining down payment within 30 days. The contract terms are 10% down payment, 50% interim payment, and 40% balance payment.

This complex’s strengths include designs considerate of buyers alongside financial benefits. The floor plan features a two-room type with a living room, kitchen, bathroom, and two bedrooms (accounting for 72% of total units), and all units have balcony extensions constructed free of charge. Furthermore, each unit secures one parking space, allowing ample parking, and the ground level separates vehicle and pedestrian pathways to create a safe park-like complex without cars.

In addition, relaxation spaces such as Pine Garden and Play Garden for strolling and resting, as well as a fitness club, are planned.

The brand premium is also expected. The Singil New Town area where this complex is located is lined with complexes constructed by major builders such as ‘Raemian Prevenue’, ‘Hillstate Classian’, ‘Singil Central Xi’, ‘Raemian Estium’, and ‘Singil Park Xi’.

Buyers wishing to visit the reopened model house can make a reservation through the main contact number, and move-in is scheduled for July 2024.

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