Cheongju Apartment Sellouts Accelerate as SK Hynix Investment Hopes Lift Demand

Cheongju’s apartment sales market is recovering quickly as expectations grow around SK Hynix investment in the area. Sinbunpyeong The Way City, launched last year, overcame a sluggish start and sold out all 1,448 units, while contracts for Prugio Cieliche are also progressing smoothly. Demand sentiment has been supported by hopes linked to the region’s semiconductor investment. As a result, Cheongju’s unsold apartment inventory dropped 79% in three months. Home price growth was also reported to be above the regional average outside the capital area. The reported facts are limited to contract performance at major Cheongju complexes and the decline in unsold homes. Source: mk.co.kr