- The amount of real estate is approximately twice the amount from last year

- More than half of the real estate supply in urban-regeneration sites was estimated and the stable performance of the real estate supply is planned

Hyundai Development Company, leading advances in residential culture, is planning to sell close to 20,000 apartment housing units in 2017 under its residential business brand, IPARK.

Hyundai Development Company estimates that the amount of the real estate supply for this year will be 19,570 units (15,108 units for general sale) in nineteen complexes, almost double the previous year’s supply of 10,165 units in twelve complexes.

The company has secured excellent project sites while excluding all PF sites known for insufficiency. Thanks to this, it has been achieving excellent and stable performance in real estate sales. This year, Hyundai Development Company is expected to continue to achieve robust performance based on its capability to secure excellent sites and the marketability and brand power of IPARK.

This year, more than half 10,075 units of the total apartment housing supply sold by the company will be in urban regeneration sites. One of the advantages of urban regeneration sites is that stable sales volume is guaranteed. In particular, 5,283 units, accounting for 52% of the total volume of urban regeneration projects, are expected to be sold in Seoul.

Most of the urban regeneration sites in Seoul are in areas north of the Han River which have recently emerged as promising areas. Specifically, property will be sold at the following sites, in succession: Baengnyeonsan SK View IPARK (Eungam Zone 10), Wolgye District 2, Shinjung District 1-1, Myeonmok District 3, Dangsan Sang-ah Hyundai. Godeok District 5 is the only project site in the southern area of Han River planned to be sold.

In other regions, Jeonpo District 2-1 and Oncheon District 2 in Busan, Bagumal District 1 in Jeonju, and Sinheung Jugong in Seongnam are planned to be sold.

Five complexes with 6,342 units at private sector-led urban development sites are planned for sale in the real estate market.

Hyundai Development Company has self-development project sites with 3,153 units in four complexes, showing the company’s expertise and strength.

As the representative developer in South Korea, Hyundai Development Company will continue to play a leading role in the housing market by securing excellent sites and developing customized properties according to customers’ changing lifestyles.