A branded complex of more than 1,300 units is coming to the property market in Gumi, North Gyeongsang Province, where unsold homes have been absorbed quickly and the market has rebounded amid a sharp drop in new supply.
Taeyoung E&C (009410) said it will begin presales in November for Gumi Park One Desian, a complex to be built in the Doryang-dong area of Gumi.
New apartment supply in Gumi has been weak, falling about 89% to 403 units in 2025 from 3,583 units in 2021. Supply this year has been limited to about 60 units, and unsold homes in the city have declined more than 70% over the past year and eight months to 613 units as of the end of last month. Against that backdrop, interest is expected to focus on a large complex that combines extensive green infrastructure, created through Gumi's first private park special project, with a strong school environment.
The complex will consist of 10 buildings ranging from three basement levels to 40 floors above ground, with 1,355 units of 84 to 110 square meters in exclusive floor area. All units will be offered in the general presale, broken down into 614 units of 84A, 40 units of 84B, 264 units of 98A, 200 units of 98B and 237 units of 110 square meters.
The Doryang-dong site will be developed in tandem with a project to create a large neighborhood park of about 550,000 square meters, or 170,000 pyeong. Residents will be able to use green space equivalent to more than 70 soccer fields as an extension of their own garden, and Mount Geumo is nearby. Taeyoung E&C, a multiple winner of the Korea Landscape Award, plans to add its own design features to create a comfortable living environment both inside and outside the complex.
Education infrastructure is another selling point. Students can walk to Munjang Elementary School and Gumi Middle School, as well as Gumi High School and Gumi Girls' High School, both rated among the top schools in academic achievement. Dosan and Yaeun elementary schools are also close by, along with the cluster of private cram schools in the Doryang-dong and Bonggok-dong areas, drawing interest from parents.
The units themselves are also differentiated. The complex is laid out with most units facing south and uses a four-bay flat-plate design, with ample storage including alpha rooms and individual storage units. The exterior features curtain-wall-style finishes and glass railings for a more upscale look. Resident amenities include a driving range, screen golf, an indoor gym with a running track, a sauna, a coin laundry, a private cinema, a shared kitchen with a dining party room and a multipurpose room. Parking is set at 1.64 spaces per unit, with about 80% of all spaces designed as extended-width bays for added convenience.
"This is a rare branded large-scale complex in Gumi, on a site with a 550,000-square-meter park and top-tier schools, and local owner-occupier buyers are showing strong interest," a sales official said. "It is the first large complex to come to market in some time in Gumi, where new supply has been scarce, so inquiries are already coming in."
