Strong Demand for Large Brand Complexes with Over 1,000 Households... Growing Interest in 'Jeil Punggyeongchae Geomdan 4th'

- Larger Scale Means Better Residential Environment, Steady Interest...
- Jeil Construction Co., Ltd. Presents 'Jeil Punggyeongchae Geomdan 4th Phase' with 1,048 Households

[Jeil Punggyeongchae Geomdan 4th Phase Sketch Aerial View]

Amid the polarization of the housing market, the popularity of large-scale branded complexes with over 1,000 households remains strong. It is analyzed that increasingly cautious buyers are showing growing interest in branded large complexes that have advantages in product design, residential comfort, and liquidity.

In fact, branded large complexes with over 1,000 households supplied in this year’s housing market continue to see fierce subscription competition and a streak of sellouts.

In particular, in Seoul, branded large complexes with over 1,000 households such as 'Raemian La Grande (3,069 households)', 'Hwigyeong Xi Decencia (1,806 households)', and 'Lotte Castle Eastpole (1,063 households)' succeeded in selling out with double-digit competition rates.

In the metropolitan area as well, complexes like Pyeongtaek’s 'Jije Station Semiconductor Valley Jeil Punggyeongchae 2BL (1,152 households)', Uiwang’s 'Indeokwon Purse Biel (2,180 households)', and Incheon Geomdan New Town’s 'Geomdan Geumgang Penterium 3rd Central Park (1,049 households)' announced sellouts in a short period, demonstrating high popularity.

Popularity in the provinces is no less remarkable. In Daejeon, 'Dunsan Xi I-Park (1,974 households)' sold out after receiving about 48,000 subscription applications, the highest this year, and in Busan, 'Daeyeon DIEL (4,488 households)' sold out all units amid about 18,000 subscription applications.

Moreover, branded large complexes with over 1,000 households continue to enjoy premium effects in the sales market. Especially as they establish themselves as regional landmarks, they are leading local market prices.

For example, in Paju Unjeong New Town, the ‘Unjeong New Town I-Park’ with 3,042 households is leading the local market price by trading at the high 700 million KRW range for an 84㎡ unit. This is about 300 million KRW higher compared to nearby smaller apartments of the same type trading in the 400 million KRW range.

An industry insider said, "Large complexes with over 1,000 households have advantages in infrastructure and liquidity due to the large number of units. They also have the benefit of greater price increases in rising markets and better price defense in falling markets, attracting strong interest from both actual residents and investors. It is expected that prospective buyers will continue to visit these complexes in the remaining housing market this year."

Meanwhile, in Incheon Geomdan New Town, Jeil Construction Co., Ltd. (hereafter Jeil Construction) has announced the supply of 'Jeil Punggyeongchae Geomdan 4th Phase,' a large-scale branded complex with over 1,000 households, drawing attention.

In particular, this complex is a follow-up to the Jeil Punggyeongchae brand town, which successfully completed the 1st and 2nd phases of supply and the 3rd phase pre-subscription in Geomdan New Town, and is expected to benefit from the premium of about 5,000 Jeil Punggyeongchae households, attracting even more interest.

Jeil Punggyeongchae Geomdan 4th Phase will be built on block AA22 in Geomdan New Town, consisting of a total of 1,048 households with exclusive areas of 84㎡ and 110㎡. It features a floor plan configuration that includes the highly preferred 84㎡ layout and the recently popular large-sized layouts.

The complex’s excellent location conditions in Geomdan New Town also attract attention. It is surrounded by Geomdan 8th and 12th parks, which are being developed as large neighborhood parks, and a children’s park is planned right next to it, promising a pleasant residential environment. Additionally, the educational environment is a strength, with Mokhyang Elementary School and Bullo Middle School located right in front of the complex, and kindergartens and a planned high school within walking distance.

Furthermore, the complex is expected to enjoy excellent transportation convenience with the nearby new station (Station 102) on the Incheon Subway Line 1 extension scheduled for 2025. It is also anticipated to benefit from the planned extension of Seoul Subway Line 5 to Geomdan-Gimpo, making it a prime beneficiary area of the Bullo Station (currently under planning) on Line 5 once the project proceeds.

Jeil Construction plans to apply differentiated specialized designs characteristic of the Jeil Punggyeongchae brand representing Geomdan throughout the complex, including south-facing layouts for all households, floor plans mainly consisting of 4-bay slab-type units, and a large-scale specialized community of 2,000 pyeong featuring a large indoor gymnasium, fitness center, sauna, and more.

A sales official for Jeil Punggyeongchae Geomdan 4th Phase said, "The price competitiveness is secured due to the application of the price ceiling system, and there is also the advantage of allowing resale before moving in. With 60% of units under 85㎡ and 100% of units over 85㎡ subject to lottery, and the large scale of the complex resulting in a relatively high number of lottery units, the chances of winning are higher, and interest from buyers is already strong."

The model house for Jeil Punggyeongchae Geomdan 4th Phase will be located in the Wanjeong-ro area of Seo-gu, Incheon, and is scheduled to open in October.

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