Apartments in areas near semiconductor companies have continued to sell out this year, with a new complex set to launch in Yongin, Gyeonggi Province, before year-end.
Yongin Prugio Clusent will begin sales this month, according to industry sources Wednesday. The complex, located in Yeokbuk-dong, Cheoin-gu, Yongin, will consist of six buildings ranging from three underground floors to 29 stories above ground, with a total of 784 units, all 84 square meters in exclusive area. A model home has been set up in Dongcheon-dong, Suji-gu, Yongin.
The development is approximately a 10-minute drive from Samsung Electronics' (005930.KS) Yongin Advanced System Semiconductor National Industrial Complex and about 30 minutes from SK hynix's (000660.KS) Yongin Semiconductor Cluster General Industrial Complex. It is also close to the Second Yongin Techno Valley and Yongin International Logistics 4.0 Distribution Complex.
The complex is within walking distance of Myongji University Station on the Everline. Residents can transfer at Giheung Station on the Suin-Bundang Line to reach major business districts including Gangnam and Pangyo. The nearby Seo-Yongin Interchange provides access to the Yeongdong Expressway and the Second Metropolitan Ring Expressway, with easy connections to the Gyeongbu Expressway and Sejong-Pocheon Expressway. Once the recently approved Dong-Yongin Interchange opens in 2029, access to the Sejong-Pocheon Expressway will become even faster. Expansion of National Routes 45 and 57 connecting the semiconductor cluster is underway, and Local Route 84 linking to Dongtan New City is planned, further improving transportation infrastructure.
Industry observers are watching whether this complex will continue the sellout trend of "bansegwon" developments—a term combining "semiconductor" and "vicinity" in Korean.
Yongin Prugio One Cluster Phase 1, which launched in August last year, sold out in March this year, approximately seven months after its release. Yongin Dunjeon Station Efit, which opened for subscriptions in September last year, also recently achieved 100 percent contract completion.
In Pyeongtaek, Pyeongtaek Godeok Geumsung Baekjo Yemiji sold out within one month of its July launch. Brain City Hanshin The Hue, which debuted in November last year, also recently completed all contracts.
In Suwon, Mangpo Station Prugio Le Marque, which launched in September, sold out early after recording a subscription competition ratio of 14.36 to 1. Buk-Suwon Imok District D'éternel Phase 2, supplied in April, is also reportedly close to selling out.
"As Samsung Electronics and SK hynix announced large-scale investment plans, the semiconductor industry has emerged as a core driver of the national economy, raising development expectations for these areas," an industry expert said.
