The real estate market is showing signs of recovery. After a period of stagnation, the housing market is becoming active again, with impressive subscription results seen not only in metropolitan areas but also in various local regions. This is attributed to several factors, including the rising apartment prices in the metropolitan area and the creation of momentum, such as interest rate cuts, which are expected to drive the market upward. Consequently, housing complexes with reasonable pricing, which saw significant value increases during past real estate booms, are being prioritized by consumers.
Statistical data supports this observation. According to Korea Real Estate Board’s Chungyak Home, the housing subscription market heated up across multiple regions in the third quarter of this year. In Daejeon, the first priority average competition rate skyrocketed to 11.34:1, a significant increase from 0.32:1 in the first quarter and 0.69:1 in the second quarter. Similarly, in Chungbuk, the competition rate soared from 3.14:1 in the first quarter to 21.84:1 in the second quarter, reaching 33.15:1 in the third quarter. Incheon also recorded an increase, with a third-quarter rate of 3.76:1 compared to 0.42:1 in the previous quarter, a ninefold increase.
This can be linked to rising housing prices. The heated housing market is primarily attributed to the rising property values, which have altered consumer perceptions. According to Real Estate114, the average price per 3.3 square meters for apartments nationwide increased from 20.84 million won in January to 21.02 million won in September.
A newly launched housing complex stands out for its competitive pricing compared to recent sales prices in the Daejeon area. This is “Daejeon LeEuve Swichen,” which begins accepting special supply applications on Monday, the 21st, and first-priority applications on Tuesday, the 22nd.
For special supply, applicants must meet the non-homeownership requirement on the date of the tenant recruitment announcement, and only one application per household is allowed. Depending on the special supply type, applicants must have maintained a subscription account for more than six months with a deposit exceeding the regional and area-specific required amount. It’s necessary to verify qualifications through the tenant recruitment announcement before applying, as requirements vary by special supply type.
For first-priority applications, anyone over 19 residing in Daejeon, Sejong, or Chungcheongnam-do can apply, whether head of the household or a member. Those with a subscription account for over six months and meeting regional and area-specific deposit requirements can apply as first-priority, even if they already own a home. There are no restrictions on reapplication or residency obligations. The transfer restriction period is six months from the announcement date of the successful applicants. Additionally, measures such as a 5% contract deposit and secure contract terms are implemented to ease the burden on consumers.
The announcement date for successful applicants of “Daejeon LeEuve Swichen” is set for the 30th (Wednesday) for the first complex and the 29th (Tuesday) for the second complex, allowing for overlapping applications for both. Official contracts will be concluded over four days from November 11th (Monday) to 14th (Thursday).
The model house for “Daejeon LeEuve Swichen” is located in Daehung-dong, Jung-gu, Daejeon, with occupancy scheduled for September 2027.