Business · Companies · 1 hr ago
Yangpyeong Apartment Project Draws Few Applicants After High Pricing
Ssangyong The Platinum Hangang drew too few applicants in Yangseo-myeon, Yangpyeong County, in South Korea's Gyeonggi Province.
The project is a new apartment development, and its 84-square-metre units are a common housing size.
Prices for those units exceeded 700 million won, a level that put off many potential buyers.
Many units still had no applicants even after a second application round.
The shortfall points to buyer resistance to the project's prices.
The developer may face weak demand for contracts, though no contract results are given.
The next step is whether buyers sign contracts for the unsold units.
The Ssangyong The Platinum Hangang apartment project in Yangpyeong recorded many unfilled places after second-round applications.
The 84-square-metre units were priced above 700 million won, a burden cited as a key reason for the weak response.
The project is in Yangseo-myeon, Yangpyeong-gun, Gyeonggi Province.
Chosun Ilbo reported the results on October 16, 2026.
- Who
- Applicants for the Ssangyong The Platinum Hangang apartment project.
- What
- The project had many unfilled places even after second-round applications.
- When
- Reported on October 16, 2026; the application dates are not stated.
- Where
- Yangseo-myeon, Yangpyeong-gun, Gyeonggi Province, South Korea.
- Why
- The article cites high prices, with 84-square-metre units costing more than 700 million won.
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- Project
- Ssangyong The Platinum Hangang
- Location
- Yangseo-myeon, Yangpyeong-gun, Gyeonggi Province
- Unit size and price
- 84 square metres; more than 700 million won
- Application result
- Many places remained unfilled after the second round
- Report date
- October 16, 2026