Price caps and nationwide applications drive strong sales for Yongin apartment complex

The 'Yongin Semiconductor Cluster Dongil Highvill Park Valley' residential complex is experiencing a successful launch, with strong demand reported for its units. Dongil E&C announced on the 26th that most housing types were subscribed during the application period held on the 20th and 21st, with the exception of the 59㎡B unit.

In the general supply category, a total of 762 applications were received. The 84㎡A unit, which offered 34 units for sale, saw a competitive turnout with 271 applications, achieving a maximum competition ratio of 7.97 to 1. This strong performance is attributed to several factors, including competitive pricing due to the government's price cap system (Sale Price Cap System) and its status as a non-restricted area allowing nationwide applications.

Another significant draw for the development is its location within the planned Yongin Semiconductor Cluster industrial complex, spearheaded by SK Hynix. This strategic positioning is expected to fuel demand from individuals seeking proximity to future semiconductor manufacturing facilities and their associated businesses. The complex is slated to comprise a total of 1,250 units, with the first phase offering 589 units and a second phase to follow with 661 units.

The pricing for the units is also considered attractive, with the 59㎡ units priced in the high 300 million won range and the 84㎡ units ranging from the high 400 million to low 500 million won range. These price points, combined with the regulatory advantages and the promise of future job growth in the area, have contributed to the project's successful market reception.