A rendering of the Gyeongsan Daeim Block B-1 apartment complex. [Korea Land and Housing Corp. Daegu-North Gyeongsang Branch]
A rendering of the Gyeongsan Daeim Block B-1 apartment complex. [Korea Land and Housing Corp. Daegu-North Gyeongsang Branch]

Korea Land and Housing Corp.'s Daegu-North Gyeongsang Branch announced Wednesday that it will launch pre-sales for 275 units at Block B-1 of the Gyeongsan Daeim district in the second half of this year.

The offering marks the first pre-sale tranche among the 9,947 total apartment units planned for the Daeim district, with analysts expecting buyers to benefit from early-mover advantages as the new town develops.

The Block B-1 complex sits approximately 500 meters from Exit 7 of Imdang Station on Daegu Metro Line 2, placing it squarely in a prime transit-oriented area.

The development will rise up to 25 stories with a building coverage ratio of no more than 50 percent and a floor area ratio of up to 195 percent. Units will be mid-to-small in size, with exclusive use areas ranging from 60 to 85 square meters.

The complex will be surrounded by commercial facilities including Homeplus, and the district development plan calls for additional retail, a planned elementary school and parks nearby, making for a highly convenient living environment.

The Daeim district is regarded as more than a simple residential complex. It is being developed as a self-sufficient new town that integrates industrial and research and development functions.

Situated between Imdang Station and Yeungnam University Station, the district offers easy access to Yeungnam University. Key research and industrial facilities — including the Gyeongsan Industrial Complex, Gyeongbuk Technopark, the Gyeongbuk IT Convergence Industry Technology Institute and the Daegu-North Gyeongsang R&D Special Zone — all fall within the district's living radius.

The Imdang Unicorn Park, currently under development, is further strengthening the district's appeal as a live-work urban environment.

Transportation is another draw. Using Daegu Metro Line 2, residents can reach Manchon Station in about 10 minutes, Beomeo Station in roughly 15 minutes and Banwoldang Station in around 25 minutes, in effect putting the complex within the Suseong-gu lifestyle zone.

Because the complex sits on public residential land, it will be subject to the price ceiling on new apartments, making its pricing competitiveness a key point of interest.

With private apartment pre-sale prices continuing to climb amid rising raw materials costs, higher labor expenses and global supply chain instability, analysts say the ceiling is likely to result in a comparatively reasonable pre-sale price.

Song Won-bae, chief executive of real estate firm Bilsabu, said that when the nearby Gyeongsan Jungsan district — known as Pentahills — first went on sale in 2011, the average pre-sale price for an 84-square-meter unit was around 237 million won ($154,000), while the Jungsan Xi launched in 2021 came in at around 546 million won. "New towns tend to see both pre-sale prices and market prices rise as development progresses," Song said, "so the Daeim district's first pre-sale units can also be expected to carry a premium."

Move-in for Gyeongsan Daeim Block B-1 is scheduled for 2029.


kbj7653@heraldcorp.com