In the real estate market, "live-work proximity" apartments continue to draw steady interest from buyers. Apartments close to workplaces are popular with end users because they can drastically cut commuting time.
According to the real estate industry on the 19th, demand is flocking to live-work proximity apartments. Analysts say demand continues because shortening the time to get to work secures time for leisure or family and allows for ease in everyday life.
Areas around industrial complexes and business districts with heavy foot traffic are also cited as advantages of live-work proximity complexes because transportation, commercial, and convenience facilities are well established.
In this year's presale market, live-work proximity apartments continued to post strong subscription competition rates. On May in Dongtan 2 New Town in Hwaseong, Gyeonggi, Dongtan Fore Park Jayouan Prugio highlighted its excellent access to the Dongtan General Industrial Complex and the planned Yongin semiconductor cluster, recording a high average first-priority subscription competition rate of 68.7 to 1.
In July in Yeongdeungpo New Town, Seoul, Riverscent Prugio Weve also drew attention as a Yeouido live-work proximity complex, posting a triple-digit average competition rate of 191.4 to 1.
In the provinces, in April in Cheongju, North Chungcheong, Cheongju Technopolis Athera Phase 2 drew attention as a complex adjacent to the Cheongju Technopolis General Industrial Complex, recording an average competition rate of 109.7 to 1.
Interest in live-work proximity apartments is also expected to concentrate in the presale market within the year.
Major live-work proximity apartments scheduled for supply by year-end include Siheung Geomo Elga Rosebiang in Block B6 of the Siheung Geomo District in Siheung, Gyeonggi, to be offered this month by Moa Housing Industry and Rosebiang Construction. It consists of five buildings from two underground floors to up to 25 stories above ground, with exclusive areas of 61 and 84 square meters, totaling 480 units.
This complex meets live-work proximity conditions, with the Banwol and Sihwa National Industrial Complexes, which employed about 140,000 people as of the end of last year, as well as Ansan Science Valley and Siheung Smart Hub nearby. As a station-area complex within walking distance of Singil Oncheon Station on Subway Line 4 and the Suin-Bundang Line, commuting to Seoul and the greater metropolitan area is convenient.
Daewon plans to offer Cantavil The Edition in the Bukbyeon 2 District urban development area in Bukbyeon-dong, Gimpo, Gyeonggi, in the same month. It consists of nine buildings from five underground floors to 24 stories above ground, with exclusive areas of 66 to 127 square meters (penthouse), totaling 612 units. It is a station-area complex at Geolpo Bukbyeon Station on the Gimpo Gold Line, with excellent access to Magok District, home to many large companies including LG Science Park.
GS Engineering and Construction plans to offer Bukosan Xi Riverble City in Naesammi-dong, Osan, Gyeonggi, in November. It consists of a total of 10 buildings from two underground floors to up to 29 stories above ground, with exclusive areas of 59 to 127 square meters (penthouse), totaling 1,275 units. Major industrial complexes such as Samsung Electronics Giheung and Hwaseong business sites and the Pyeongtaek campus, Suwon Samsung Digital City and LG Digital Park, and Dongtan Technovalley are nearby, drawing attention as a residential base.