Business · Companies · 5 hrs ago
Rebuilt Gwangju apartment sees resale premiums rise by up to 500 million won
A construction collapse at the Gwangju apartment complex killed six people in January 2022.
The complex, now called Centennial I’Park and formerly Hwajeong I’Park, has been rebuilt from the ground up.
It is due to be completed in December.
Resale rights for apartments there have gained premiums of up to 500 million won, according to the headline.
The stated reasons include the complex’s location and rising prices for new homes.
The price gains show that demand is strong despite the site’s history, but the sources give no further details about sales or what happens after completion.
Resale rights at the rebuilt Gwangju Centennial I-Park are being offered at premiums of up to 500 million won.
The complex, formerly called Hwajeong I-Park, is due to be completed in December after a full reconstruction.
It was the site of a collapse during construction in January 2022 that killed six people.
The report says the premiums reflect the complex’s location advantages and rising prices for new apartment sales.
- Who
- Sellers of resale rights at Gwangju Centennial I-Park.
- What
- Resale rights are being offered at premiums of up to 500 million won.
- When
- The report was published on November 5, 2026; the complex is due to be completed in December.
- Where
- Gwangju, South Korea.
- Why
- The report attributes strong asking prices to the complex’s location advantages and rising prices for new apartment sales.
This story does not have two clearly opposing sides.
A collapse occurred during construction at the complex, killing six people.
A report said resale rights were being offered at premiums of up to 500 million won.
The rebuilt complex is due to be completed.
- Complex
- Gwangju Centennial I-Park, formerly Hwajeong I-Park
- Resale premium
- Up to 500 million won
- Reconstruction
- Full reconstruction after the collapse
- Collapse
- January 2022; six people killed
- Expected completion
- December 2026