"Chuncheon Riverview IPARK" Model Home Draws Crowds Even on Constitution Day Holiday Opener

IPARK Returns to Dong-myeon After 15 Years, Attracting Strong Demand
Application Process Kicks Off July 20 with Special Allocations

The model home for "Chuncheon Riverview IPARK," located in the Dong-myeon area of Chuncheon, Gangwon Province, opened its doors on July 16. As this is the first "IPARK" branded apartment supplied to the Dong-myeon district in about 15 years, a large number of visitors hoping to own a home flocked to the site on the opening day, demonstrating significant interest.

From the morning of Constitution Day, which was a public holiday, customers hoping to enter crowded into the model home. The site was bustling, with people exploring the model displays, consultation booths, and units. A resident from Hupyeong-dong, who was waiting for a consultation after touring the unit, commented, "With fewer new apartment launches and rising prices, I felt that if I waited any longer, I might miss my chance to own a home. I believe it's suited not only for actual residence but also has excellent future value, so I am actively considering applying for the lottery."

Inside the model home, a newlywed couple in their 30s was seen making detailed plans. The couple expressed relief that the revision in the special allocation system for newborns has increased their odds of winning the lottery.

A local licensed real estate agent also commented that, like the visitors to the model home, expectations for the allocation are unusually high. The agent said that, since the "IPARK" brand is particularly preferred in this area, the future value of this complex seems to be well established.

"Chuncheon Riverview IPARK" will begin accepting special allocations on July 20. The primary lottery opens on July 21, and the secondary lottery will take place on July 22. Winners will be announced on July 29. Contracts are scheduled from August 10 to August 12. The down payment is 5% (first payment is a flat rate of 10 million won), and interest-free intermediate payments are offered.

The primary lottery is open to adults aged 19 or older who have held a subscription savings account for at least six months and reside in Chuncheon or Gangwon Province, provided they meet the local and size-based deposit requirements. The secondary lottery is open to anyone who has joined a subscription savings account, regardless of the deposit amount.

The lottery system allocates 40% based on points and 60% at random, meaning even applicants with low scores have a chance of winning.

With concerns about a potential drought of new apartment supply in the future, the interest-free intermediate payment benefit and the flat-rate initial down payment of 10 million won are considered a rational choice that significantly lowers the entry barrier for prospective buyers.

"Chuncheon Riverview IPARK" will be constructed in Janghak-ri, Dong-myeon, Chuncheon, with two buildings consisting of basement floors 2 to ground floors 27, with a total of 262 units featuring exclusive areas of 59 and 84 square meters. The project primarily uses a south-facing linear layout, and a 4-bay slab-type design with through ventilation to ensure good sunlight access.

Depending on the unit type, features such as an entrance pantry, kitchen pantry, dressing room, and even a private storage space are included, maximizing space utilization. The complex will also offer community amenities, such as a fitness center, GX room, and golf practice range. In addition, the apartment will feature a park-style design with diverse landscaping.

The Dong-myeon area, where the complex is located, is rapidly emerging as a new residential zone with a high residential value, as branded apartments from major construction companies are being supplied in succession.

Residents will be able to walk to MS Mart across from the complex, and easily access other amenities such as Hanaro Mart, the Hupyeong-dong commercial district, Chuncheon Sacred Heart Hospital, Gubongsan Café Street, and Son Heung-min Sports Park. The area is also served by prominent schools including Janghak Elementary School, Gangwon Middle School, Gangwon High School, and Chuncheon Girls’ High School. Being in a rural township, the apartments also qualify for special rural allocation benefits. Chuncheon Station on the Gyeongchun Line provides convenient access to Cheongnyangni Station in Seoul.

In particular, the complex is located in the heart of numerous ongoing development projects, including the hydronic energy convergence cluster, Daeweon District (Gangwon Provincial Government’s new building relocation), Chuncheon Station Area Development, the Second Geodu General Industrial Complex, GTX-B railway line, and the East-West High-Speed Railway, which together are expected to enhance the area’s value as a residential hub.

To celebrate the model home’s opening, a prize giveaway event is being held for visitors. The model home is located in Geunhwa-dong, Chuncheon, Gangwon Province. Sales information can also be found on the official website.

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