DL E&C to Launch 'e-Pyeonhansesang Bundang First Village' Next Month

First Public Sale in Seongnam Nakseng District 933 Units for Newlywed Hope Towns

Finance|
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By Kim Kwang-soo
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Rendering of e-Pyeonhansesang Bundang First Village. Photo courtesy of DL E&C - Seoul Economic Daily Finance News from South Korea
Rendering of e-Pyeonhansesang Bundang First Village. Photo courtesy of DL E&C

DL E&C said Tuesday that it plans to launch sales next month for "e-Pyeonhansesang Bundang First Village," a residential complex to be built in the Dongwon-dong area of Bundang-gu, Seongnam, Gyeonggi Province.

As the first public sale complex in Seongnam's Nakseng District, e-Pyeonhansesang Bundang First Village will be developed as a large complex with a total of 1,400 units. Of these, 933 units will be supplied as public sale units, excluding 467 long-term rental units managed by the Korea Land and Housing Corporation (LH). The units target (prospective) newlywed couples and single-parent households who qualify for Newlywed Hope Town eligibility.

All units consist of small to mid-sized homes with an exclusive floor area of 60 square meters or less. Based on public sale figures, the housing types comprise 274 units of 51 square meters, 482 units of 55 square meters, and 177 units of 59 square meters. The price ceiling system applies, so the units are expected to be supplied at reasonable prices compared to nearby market rates. Move-in is scheduled for February 2029.

The complex is laid out mainly facing southwest and southeast, with flat-type units making up more than 82% of the total, providing a residential environment favorable for natural lighting and ventilation. DL E&C's specialized floor plan design, "C2 House," will be applied inside the units, along with a fine dust reduction system and inter-floor noise reduction design. In keeping with the characteristics of Newlywed Hope Towns, the complex will feature a two-story national and public daycare center and an expanded Together Care Center.

The Seongnam Nakseng District where the complex will be built is set to be developed into a public housing district of approximately 4,400 units. It is adjacent to Pangyo Techno Valley and the Bundang business district, offering excellent proximity between work and home, and is equipped with wide-area transportation networks including the Yongin-Seoul Expressway and the Gyeongbu Expressway. A new elementary school is scheduled to be built near the complex.

Buyers can use a profit-sharing mortgage product, a policy fund dedicated to Newlywed Hope Towns. A loan-to-value (LTV) ratio of up to 70% can be applied, and unlike general mortgages, the debt service ratio (DSR) regulation does not apply, lowering the initial financial burden. Principal and interest can be repaid over a maximum of 30 years at a fixed annual interest rate of 1.3%.

Original reporting by Kim Kwang-soo for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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