'The Platinum Pine Avenue' Now on Sale in Paengseong-eup, Pyeongtaek... Attracting Attention for Off-Base U.S. Military Housing Demand

No New Apartment Units Over 85 Square Meters in Paengseong-eup Since 2016
'The Platinum Pine Avenue' Offers 115 Square Meter Units
Strong Interest and Rental Inquiries from U.S. Military Personnel

Currently, mid- to large-sized new apartments are being offered in Paengseong-eup, Pyeongtaek-si, Gyeonggi Province, where Camp Humphreys is located, in order to accommodate the demand for off-base housing among U.S. military personnel. The supply of these spacious apartment types, which are being offered for the first time in a while, is drawing attention as it provides a new option for the local housing market.

According to housing guidelines for the U.S. Army garrison in Pyeongtaek, only about 40% of service members with approved families reside in on-base housing, while the remaining 60% live off-base. Newly arriving personnel are informed about whether they may reside off-base depending on the availability of housing on the base and their individual eligibility. Although family-accompanied service members are, in principle, eligible for on-base housing, living off-base may be permitted depending on housing supply and other circumstances.

For those approved for off-base residence, a list of brokers registered with the garrison is provided. The housing office supports essential processes such as housing safety inspections, lease contract review, and housing allowance-related procedures. Guidance for new arrivals to the garrison lists off-base apartments in the private sector as one of the housing options available.

For those searching for a home off-post, it is important to consider not only the distance from the base but also the family living space and surrounding amenities. However, in recent years, there have been no newly built, mid- to large-sized apartments available in Paengseong-eup, where Camp Humphreys is located, making it difficult for households seeking spacious, newly constructed homes to find suitable options.

According to real estate information provider R114’s data by region and apartment size in Pyeongtaek-si, the last recorded apartment move-in in Paengseong-eup was in 2020, totaling 204 units. All these units were classified as having exclusive use areas exceeding 60 square meters and up to 85 square meters.

The gap in supply for larger units has been even longer. Of the total 4,791 cumulative apartment units in Paengseong-eup recorded in the data, only 606 units (12.6%) have exclusive use areas over 85 square meters. Notably, there have been no new move-ins of such large units since the last 408-unit supply in 2016.

Amidst this situation, Ssangyong E&C is currently selling 'The Platinum Pine Avenue' in Songhwa-ri, Paengseong-eup, Pyeongtaek-si. The complex consists of 21 buildings with 15 floors above ground and 2 basement levels, totaling 1,048 units. Of these, 321 units are available for general sale. By exclusive use area, there are 247 units of 74 square meters, 625 units of 84 square meters, and 176 units of 115 square meters. Out of these, 91 units of the 115 square meter type are offered for general sale. It is noteworthy that this complex includes units over 85 square meters, the size category not seen in Paengseong-eup since 2016.

The complex will feature a curtain wall exterior and all units are designed in a flat, four-bay layout. Amenities will include a fitness club, GX room, screen golf facility, study room, and an expansive green space approximately twice the legal requirement, providing residents with a pleasant living environment.

Spacious living rooms, a layout ensuring privacy in individual rooms, and luxury amenities such as an on-site fitness club and screen golf facility are expected to meet the high living standards of those seeking an upscale lifestyle outside the base.

Living infrastructure is also well established. Residents will have easy access to Hanaro Mart, Anjeong-ri Rodeo Street, Paengseong Library, Namsan Park, and Paengseong Leisure Sports Park. Educational facilities such as Pyeongtaek Songhwa Elementary School and Cheongdam Middle and High Schools are nearby. Residents can also conveniently commute toward Pyeongtaek Station and Pyeongtaek Jije Station via Anjeongsunhwan-ro and Paengseong Songhwa-ro. The direct KTX (high-speed rail) project from Suwon, passing through Pyeongtaek Jije Station, is also underway.

The sales terms include a fixed initial contract payment of 5 million won, interest-free installment financing for 60% of the interim payment, and free balcony extension.

A sales representative commented, "While Camp Humphreys operates an off-base housing program for approved personnel, no mid- to large-sized apartment move-ins have taken place in Paengseong-eup since 2016. There is also rising demand as potential tenants from the U.S. military have inquired about rental options, including 115 square meter units in The Platinum Pine Avenue, leading to continued interest in the development."

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