On the 20th, the Gyeonggi Housing and Urban Corporation (GH) announced that it will sell the final privately participated public offering apartment, "Godeok Nature & hausD," in the Pyeongtaek Godeok International New Town at the end of this month.

This apartment, which is developed by GH and constructed by Daebo Construction, consists of 517 units, including 328 units of 84 square meters in types A, B, and C, and 189 units of 98 square meters, across 1 basement level and 23 above-ground floors.

'Godeok Nature & House-D' rendering./Courtesy of GH

Directly in front of the complex is a site planned for an elementary school, making it a neighborhood where "walking to school" is possible. Parking spaces have been secured at a level of 1.5 per household.

The background of the attention on this complex lies in the rapidly changing demographics of Pyeongtaek, which is becoming younger. According to the Ministry of the Interior and Safety, the registered population of Pyeongtaek City, which stood at about 450,000 in 2014, increased by more than 140,000 over the past 10 years to 592,849 as of March last year. In the last four years, there has been a net inflow of over 1,000 people per month. By 2027, the population is expected to reach about 690,000, and exceed 900,000 by 2040.

The population structure is also rapidly becoming younger. As of 2023, the population in their 20s in Pyeongtaek City is 82,150, and in their 30s, it is 91,614, accounting for about 30% of the total population. In particular, the average age in Godeok-dong, where the Godeok International New Town is located, is 33.3 years, the lowest among 1,158 eup, myeon, and dong in Seoul, Incheon, and Gyeonggi.

The influx of young people is attributed to the approximately 50,000 direct jobs created around the Samsung Electronics semiconductor Pyeongtaek Campus and its associated partners. As of 2023, Pyeongtaek City recorded a total fertility rate of 1.0, the only city with a population over 500,000 in the country.

Since the establishment of Jongdeok Elementary School in 2020, six additional elementary schools have been opened in Godeok New Town over four years. However, the average number of students per class has reached 29.8, and some remain overcrowded.

Even though Nature & hausD is a public offering subject to the ceiling price system, it boasts product appeal and community features comparable to private apartments. In terms of transportation, a broad transportation network is expected to be established, including the planned BRT line at Seojeongri Station, access to Pyeongtaek Jije Station for SRT and KTX, and future connections with GTX-A and C lines (planned).

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