90% of the volume from large construction companies such as Chungnam, Busan, and Daejeon… There are many choices

11,186 local households to be sold to the general public next month

In celebration of the spring sales season, a total of 12,000 apartments will be supplied in 16 complexes in local areas next month. As the complex, whose sales schedule was postponed due to the 22nd National Assembly election (April 10), resumes supply, the volume is twice that of the same period last year. As the top 10 construction companies account for 90% of the total supply, it is predicted that the options for actual consumers who want branded apartments will expand.

○Supply twice compared to the same month last year

According to Real Estate Info, a real estate research company, a total of 12,113 households will be supplied in 16 complexes in local areas next month. Of these, 11,186 households will be sold to the public. This is more than double the amount compared to the same month last year (4,234 households).

By region, South Chungcheong Province has the largest number of households with 3,068. This is followed by Jeju (1,401 households), Daejeon (1,339 households), Gangwon (1,304 households), and Busan (1,214 households). General sales are also being made for 975 households in Gyeongnam, 576 in Jeonbuk, and 491 in Gyeongbuk.

The quantity from local metropolitan cities attracts attention. In Busan, Lotte Engineering & Construction is selling ‘Gaya Station Lotte Castle Skyel’ in Gaya-dong, Busanjin-gu. It is a complex located in the immediate vicinity of Gaya Station on Busan Metro Line 2. It will be built with a total of 805 households, including 4 buildings, 3 underground levels and 43 above-ground floors, 725 apartments (exclusive area 59~84㎡) and 80 officetels (exclusive area 52~69㎡). ‘Yangjeong Lotte Castle Frontiel’ is supplied to Yangjeong-dong, Busanjin-gu. It has 3 floors underground and 28 floors above ground, 10 buildings, and a total of 903 households (39~110㎡ exclusive). Among these, 489 exclusive 59~110㎡ households will be sold to the general public. Yangjeong Station on Busan Subway Line 1 is nearby.

Hyundai Engineering & Construction and Hyundai Engineering consortium will supply ‘Hillstate Jangjang the First’, a redevelopment project in Doma-Byeon-dong District 1 in Seo-gu, Daejeon. It consists of 15 buildings, 2 underground floors and 38 above-ground floors, with a total of 1,779 households. The general sales volume is 1,339 households. In the Doma and Byeondong areas, a large-scale improvement project is underway with the goal of creating a total of 25,000 households in the Doma-dong and Gajeong-dong areas of Seo-gu, Daejeon.

Hyundai Engineering & Construction presents ‘Hillstate Hwanggeum Station Reserve’ built in Hwanggeum-dong, Suseong-gu, Daegu. It consists of 5 buildings, 337 households and 74 residential officetels, from 4 floors underground to 40 floors above ground. Even in Suseong-gu, which is highly popular in Daegu, it is located in Hwanggeum-dong, which has excellent transportation convenience and living infrastructure. All households (excluding officetels) are provided with fully built-in appliances and furniture.

○90% of the volume comes from top 10 construction companies

The local sales market next month is characterized by a large volume of sales from large construction companies. Of the total 11,186 households (based on general households), 9,987 households, or close to 90%, are from the top 10 construction companies. This is good news for consumers looking for branded apartments from large construction companies.

Lotte Engineering & Construction will sell ‘Gimhae Gusan Lotte Castle Signature’ built in Gusan-dong, Gimhae-si, Gyeongsangnam-do next month. It has 2 underground floors and 29 above-ground floors, 6 buildings, and a total of 714 households. Gusancho is located right in front of the complex. If you use Yeonji Park Station on the Busan Gimhae Light Rail, you can travel to Sasang-gu and Buk-gu in Busan in 30 minutes.

In the South Chungcheong region, large construction companies are also coming out one after another. POSCO E&C presents ‘The Sharp Tangjeong Infinity City 2’, which will be built in Block 3 of the urban development zone in Asan Tangjeong District. It has 9 buildings, 2 floors underground and 35 floors above ground, with a total of 1,214 households (70 to 84 m2 exclusive). Of these, 1,050 households will be sold to the general public.

HDC Hyundai Development Company will receive the first priority subscription for ‘Iksan Busong I-Park’, which will be supplied to C Block, Busong District 4, Iksan-si, Jeollabuk-do next month. The complex consists of 2 underground floors and 20 above-ground floors, 5 buildings, and a total of 511 households. It is the first I-Park in Iksan and the last privately-sold apartment in the Yeongdeung living area. Gungdong Elementary School, Eoyang Middle School, and Busong Library are within walking distance.

As construction costs continue to rise, there is an analysis that the number of actual consumers looking to purchase their own homes at reasonable prices will increase. According to the Korea Institute of Civil Engineering and Building Technology, the construction cost index in February was 154.81, up 24.01% from three years ago (124.84). An industry expert said, “As the trend of rising construction costs continues, an increase in the sale price will be inevitable in the future,” adding, “The number of consumers in a hurry to buy their own home is increasing, including the increase in the number of subscription account subscribers.”

Reporter Shim Eun-ji [email protected]