“Homes Near Schools Prove a Hit” ... 29 of the 30 Complexes with the Highest Subscription Competition Rates This Year Are in School-Adjacent Areas

[Financial News] This year, 29 of the 30 apartment complexes nationwide with the highest subscription competition rates were found to be in so-called “school-adjacent” locations, close to schools.
On the 5th, real estate research firm RealToday analyzed data from the Korea Real Estate Board’s (KREB) Cheongyak Home platform and found that 29 of the 30 complexes with the highest average first-priority subscription competition rates from January 1 through October 30 this year were located near schools.
One example is Hauterre Banpo, offered for sale in Seoul’s Seocho District. Located near Wonchon Elementary and Middle Schools, Cheongdam High School and Banpo High School, it recorded an average first-priority competition rate of 710.23 to 1.
Similar cases were seen outside the capital region. Beomeo Station Park Dream Diar in Suseong-gu, Daegu, recorded an average competition rate of 101.48 to 1, with Daegu Dongil Elementary School, Daegu Dong Middle School and Daegu Namsan High School nearby. Elif Changwon in Changwon, South Gyeongsang Province, also closed first-priority applications at an average rate of 27.37 to 1, with Myeongdo Elementary School, Changwon Middle School and Myeonggok High School nearby.
Complexes near schools are considered attractive to households with school-age children because they can reduce commuting time and the burden of getting around. A safe route to school that does not require crossing busy roads can be an even more attractive residential feature for households with young children.
A RealToday representative said, “Complexes with particularly strong demand from owner-occupiers may see relatively brisk transactions and benefit from positive effects on market prices,” adding, “End-user buyers with school-age children may want to first consider complexes with safe walk-to-school routes.”
Meanwhile, new apartment complexes near schools are set to be offered for sale this month in the Seoul metropolitan area and other regions.
Hoban Construction plans to offer Hoban Summit Choryang for sale as part of the redevelopment of Choryang Zone 3 in Dong District, Busan. The complex will have five buildings, with three basement levels and 24 above-ground floors, and a total of 432 units. Of these, 236 units with exclusive-use areas of 59, 70 or 84 sq. m. will be offered for general sale. Nearby schools include Dongil Jungang Elementary School, Busan Middle School and Busan High School, as well as Gyeongnam Girls’ Middle School, Seonhwa Girls’ Middle School and Gyeongnam Girls’ High School.
Doosan Engineering & Construction will launch Doosan We’ve Trezium Iksan through the reconstruction of Segyeong First Apartment in Dongsan-dong, Iksan-si, North Jeolla Province. The complex will have six buildings, with two basement levels and up to 27 above-ground floors, and a total of 591 units. Of these, 251 units with exclusive-use areas of 59 or 84 sq. m. will be offered for general sale. Dongsan Elementary School and Iri Dong Middle School are nearby, and residents can also use Saebit Small Library, Iksan Municipal Ma-dong Library and Iksan Student Education and Culture Center.
In Uijeongbu, Gyeonggi Province, Yangwoo Construction plans to supply Uijeongbu Station Pelis Tower Yangwoo Naeanae. The mixed-use complex will comprise five buildings, with six basement levels and up to 49 above-ground floors, and include 1,252 apartment units, 48 officetel units, 168 office units and 38 neighborhood commercial units. The apartments offered for general sale will comprise 414 units with exclusive-use areas of 59 or 84 sq. m. Uijeongbu Jungang Elementary School and Uijeongbu Seo Elementary School are nearby.
In Mullae-dong, Yeongdeungpo District, Seoul, Hyosung Heavy Industries plans to offer Harrington Place Mullae for sale. The complex will be built in the area around 27-1 Mullae-dong 3-ga, with three buildings, three basement levels and 29 above-ground floors, and will comprise 218 units, all with an exclusive-use area of 84 sq. m. Mullae Elementary School and Yanghwa Middle School are nearby, and residents can also access the academy districts in Mullae-dong and Mokdong.

[email protected] Choi A-young Reporter