Scarcity of New Apartments in Bucheon: "Jungdong Station Dachaeroom The One" Now Available Near Line 1

Only 18.1% of Bucheon Apartments Were Built Within the Past 10 Years

Below Gyeonggi Province Average of 29.5%

Supply Expected to Decline Through 2028

"Jungdong Station Dachaeroom The One" Offers Reasonable Pre-sale Prices

The residential housing market in Bucheon, Gyeonggi Province, is highlighting the scarcity of new apartments due to the aging of existing housing and a decrease in supply. As a result, real demand is increasingly focused on moving to newly built complexes within existing living areas.

According to Real Estate R114, only 18.1% of all apartments in Bucheon have been occupied within the last ten years, which is 11.4 percentage points lower than the Gyeonggi Province average of 29.5%. This means that options for newly built apartments are relatively limited, given the high proportion of older residences.

Upcoming apartment supply volumes are also expected to decline. According to industry sources, the number of new apartment units in Bucheon slated for occupancy will decrease from 3,847 units this year to 3,655 units in 2027, and then to 2,153 units in 2028. In particular, the Jungdong and Sangdong areas have essentially seen a halt in the supply of new branded apartments since 2018, leading to a buildup of pent-up demand from residents hoping to stay within the same community while moving to newer apartments.

Of course, on a mid- to long-term basis, supply expansion is being pursued. Bucheon announced that, through large-scale housing site development and the renovation of aging residential areas, it will carry out the "Bucheon-Style Residential Innovation Project" to supply a total of 147,000 housing units by 2035. However, since redevelopment projects and site development require a considerable lead time from project initiation to actual occupancy, the scarcity of newly built complexes within existing residential areas is expected to persist for the time being.

This trend is particularly pronounced in areas like Bucheon, where there is a high concentration of aging homes. It appears to be a rational choice for residents to move to new complexes, which allow them to enjoy already-established infrastructure, rather than spending significant sums to repair old homes.

Against this backdrop, a new apartment complex named "Jungdong Station Dachaeroom The One" is being offered for sale in Songnae-dong, Sosa District, Bucheon. This complex is within walking distance of Jungdong Station on Subway Line 1. One of its distinguishing features is its comparatively reasonable pre-sale price, especially when compared to other recent major new apartment offerings in Bucheon. With the burden of new apartment prices increasing, this development is expected to provide more options for genuine homebuyers who wish to move to a new apartment while staying within their established community.

"Jungdong Station Dachaeroom The One" is being built at 365-1 Songnae-dong, Sosa District, Bucheon, Gyeonggi Province, through a small-scale reconstruction and redevelopment project of the Seongwoo Apartment. The complex consists of two buildings, ranging from two basement levels to 15 above-ground floors, with a total of 128 units. Of these, 39 units across six types, with exclusive use areas between 54 and 84 square meters, will be sold to the general public.

Notably, the complex is located approximately 350 meters from Jungdong Station on Line 1, allowing residents to use the subway on foot. The development also offers convenient road access, including Gyeongin-ro and Songaenae IC on the Metropolitan Area 1st Circular Expressway, enabling easy transportation to major locations in Seoul, Incheon, and the greater Metropolitan Area.

The education environment is also well-established. The surrounding area includes Bucheonseo Elementary, Solan Elementary, Seongju Middle School, Bucheon Girls' Middle School, Bucheon High School, and Bucheon Girls' High School, covering all schooling levels. The Jungdong educational district, centered around Sangdong Station on Line 7, can also be accessed.

A range of living infrastructure is available as well. Residents can use shopping and lifestyle facilities such as the Hyundai Department Store Jungdong Branch, Lotte Department Store Jungdong Branch, and Emart, as well as healthcare facilities including Soonchunhyang University Bucheon Hospital and The Catholic University of Korea Bucheon St. Mary's Hospital, reachable by car.

The general sale offerings comprise seven units of 54 square meters, four units of 59 square meters (Type B), eight units of 60 square meters, two units of 84 square meters (Type A), seven units of 84 square meters (Type B), and eleven units of 84 square meters (Type C). The apartments are designed in a three- to four-bay flat layout. Depending on the type, dressing rooms, pantries, and versatile "alpha rooms" are also included.

The subscription schedule begins with a special supply on September 21, followed by first priority on September 22, and second priority on September 23. Winners will be announced on October 8, with document submission for winners from October 12 to 13 and contract signing scheduled from October 19 to 21.

The promotional center for "Jungdong Station Dachaeroom The One" is currently operating near Jungdong Station on Line 1.

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