“A wave of redevelopment and reconstruction projects is coming to regional areas” ... 8,832 homes for general sale across 14 sites by year-end

[Financial News] By the end of the year, around 8,800 homes will be supplied through redevelopment and reconstruction projects at 14 sites in regional areas. In effect, branded apartments offering access to existing urban amenities will be entering the housing market one after another.
According to RealToday, a real estate research firm, a total of 14,177 homes are expected to be supplied through regional redevelopment and reconstruction projects by year-end. Of these, 8,832 homes, excluding units allocated to union members and other such units, will be offered for general sale, accounting for about 62.3% of the total.
North Gyeongsang Province has the largest number of homes for general sale, at 2,397. It is followed by Daejeon with 2,334, Jeonnam-Gwangju Special Metropolitan City with 1,387, Busan with 1,127, Daegu with 1,049, and North Jeolla Province with 538. The combined total for North Gyeongsang Province and Daejeon is 4,731 homes, or about 53.6% of all homes for general sale.
Because redevelopment and reconstruction apartments are built in existing residential areas, residents can use established infrastructure, including transportation facilities, schools and commercial facilities. However, the number of homes actually offered for general sale and the supply terms vary depending on factors such as location, project scale and the proportion of units allocated to union members.
A RealToday representative said, “Complexes supplied through redevelopment projects offer access to the extensive amenities of established urban areas, and their brand value and high-quality products make them popular with buyers. With complexes in strong locations set to be supplied one after another in major regional cities by year-end, we expect continued interest from buyers preparing to purchase a home.”
In particular, complexes with more than 1,000 homes for general sale are set to be supplied in Daejeon and Gwangju.
In Daejeon, GS Engineering & Construction, Hyundai Engineering and Construction, and POSCO E&C plan to supply “Trisen Xi The Sharp Hillstate” through the Doma-Byeon-dong District 3 redevelopment project, in the area around lot 9-4 in Byeon-dong, Seo-gu. The complex will have two basement levels and up to 38 floors above ground across 22 buildings, with 3,404 homes in total. Of these, 2,334 will be offered for general sale.
IPARK Hyundai Development Company plans to sell “IPARK Mudeungsan Sky Foret” this month through the Hak-dong District 4 redevelopment project in Dong District, Jeonnam-Gwangju Special Metropolitan City. The complex will have three basement levels and up to 29 floors above ground across 19 buildings, with 2,299 homes in total. A total of 1,387 homes with exclusive areas of 59–135 m2 will be offered for general sale.
In Busan, Hoban Construction is set to unveil “Hoban Summit Choryang” in November through the Choryang District 3 redevelopment project, in the area around lot 659 in Choryang 3-dong, Dong District. The complex will have three basement levels and 24 floors above ground across five buildings, with 432 homes in total. The 252 homes for general sale will have exclusive areas of 59, 70 or 84 m2.
In Iksan, North Jeolla Province, Doosan Engineering & Construction plans to supply “Doosan We’ve Trezium Iksan” through the reconstruction of the Segyeong 1st Apartment complex in Dongsan-dong. The homes are scheduled to go on sale in November. Of the 591 homes across six buildings, with two basement levels and up to 27 floors above ground, 251 homes with exclusive areas of 59 or 84 m2 will be offered for general sale.
In Gumi, North Gyeongsang Province, Kumho Engineering & Construction is set to sell “Hyeongok Central Atera” in November through the reconstruction of Hyeongok 3 Jugong Apartment, in the area around lot 141-11 in Hyeongok-dong. The complex will have two basement levels and up to 29 floors above ground across seven buildings, with 770 homes in total. Of these, 135 homes with an exclusive area of 59 m2 will be offered for general sale.

[email protected] Choi A-young Reporter