Dongmun Construction announced on the 29th that 'Chuncheon Dongmun The East Urban Forest,' which will be offered as the first sale complex in the Chuncheon area this year, is set to open for subscription next week.

'Chuncheon Dongmoon The East Urban Forest' rendering. /Courtesy of Dongmoon Construction

Chuncheon Dongmun The East Urban Forest by Dongmun Construction will be built on a site covering 811-21 Mancheon-ri, Dongmyeon, Chuncheon City, featuring 4 basement levels and 29 above-ground floors across 6 buildings, with a total of 569 households.

The above-ground space of the complex is designed as a park-type apartment with parking spaces moved underground (excluding parking for community facilities), and will feature various landscaped areas and community facilities. Additionally, it will have a water play area for children, a toddler playground, a daycare center, a rest garden, and a senior garden. The highest floor of one building will include a 27th-floor sky cafe, offering views of Gubongsan Mountain and downtown Chuncheon, which are not commonly seen in the area.

In front of the complex, there is Mancheon Stream flowing into Soyanggang, making it easy to access walking paths, and Gubongsan Mountain is located nearby.

It is possible to walk to Mancheon Elementary School, and nearby are Huhpyeong Middle School, Bongui Middle School, as well as Bongui High School and Gangwon National University Affiliated High School. Schools benefiting from special rural admission policies, such as Gangwon Middle School, Gangwon High School, and Chuncheon Girls' High School, are located nearby, and access to the academy districts in Huhpyeong-dong and Toegye-dong, where many famous academies are concentrated, is also convenient.

Adjacent to Huhpyeong's central commercial area, it is easy to access large supermarkets such as Belmond Mart, MS Mart, Lotte Mart, Emart, and Homeplus, as well as Huhpyeong Il-dan Market. Access to government offices and medical facilities, such as Chuncheon City Hall, Kangwon National University Hospital (KNUH), and Hallym University Chuncheon Sacred Heart Hospital, is also convenient.

Nam Chuncheon Station and Chuncheon Station on the Gyeongchun Line are about a 10-minute drive away, allowing travel to Cheongnyangni Station in Seoul within an hour. It is also easy to communicate with Seoul and surrounding areas using Chuncheon Express Bus Terminal and Chuncheon Intercity Bus Terminal. Future developments, such as the planned Dong-Seong High-Speed Railway connecting Yongsan to Sokcho and the GTX-B line extension from Incheon Songdo passing through Yeouido and Yongsan, are expected to improve convenience.

Chuncheon Dongmun The East Urban Forest opened a model house on the 25th and will begin special supply on the 4th of next month. The first priority subscription will be on the 5th and the second priority on the 6th. Winners will be announced on the 12th of the same month, with contracts taking place from the 25th to the 27th.

The city of Chuncheon, where the complex is supplied, is not subject to the 6·27 household debt policy regulations, allowing Chuncheon citizens and residents of Gangwon Special Self-Governing Province who have held a subscription account for six months to apply for the first priority subscription. Additionally, multiple homeowners and household members can also qualify for the first priority. By paying a 10% deposit (10% of the total supply amount), selling the subscription right will be possible.

'Chuncheon Dongmoon The East Urban Forest' bird's-eye view. /Courtesy of Dongmoon Construction

The complex is attracting the attention of demanders eager to secure their own homes quickly amid the ongoing rise in sale prices.

According to Real Estate R114, the average sale price for 84 square meter apartments supplied nationwide from June 2024 to May 2025 is reported to be 772.35 million won. This figure represents an increase of 94.97 million won compared to the previous year (June 2023 to May 2024), when it was 677.38 million won.

The significant increase in sale prices is attributed to multiple factors, but the main reason is the rise in construction costs. According to the Korea Institute of Civil Engineering and Building Technology (KICT), the construction cost index (which indicates price fluctuations for materials, labor, and equipment used in construction) has increased by over 30% compared to 2020, leading to a trend of rising sale prices for new apartments. As material, labor, and equipment costs associated with construction rise, construction companies have no choice but to adjust the sale prices.

Additionally, the decrease in land supply and the increase in financial expenses are also contributing factors to the rise in sale prices. With the decrease in land available for new apartments, land costs have increased, and the financial expenses that construction companies must bear during project implementation have also risen.

A spokesperson from the real estate industry noted, "As the longer the sale timing is delayed, more complexes will reflect the construction cost burden in their prices, making the saying that today's price is the cheapest feel very real." He added, "If you only consider various conditions, you may lose the opportunity to secure your own home while faced with the rising sale prices."

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