- Incheon Seo-gu Representative New Town 'Geomdan New Town' Gateway Location Officetel, Expected to Benefit from Excellent Future Value Premium
Recently, interest in the second phase new town areas in the real estate market has been hotter than ever, and in particular, Incheon Geomdan New Town, which is in the final stages of development, is attracting attention for its various favorable factors and high future value.
Geomdan New Town, which has recently shown a remarkable upward trend, is emerging as a representative city in Seo-gu, Incheon. Geomdan New Town, planned to accommodate a total of 74,735 households on a site of 11,181,000㎡ in Seo-gu, Incheon, is expected to house about 180,000 residents in the future. Geographically closer to Seoul than Gimpo Hangang New Town, it is also expected to serve as a hub city connecting the Cheongna Free Economic Zone and Seoul, making it a city with great development potential.
Geomdan New Town is also heating up further with expectations for the expansion of the metropolitan transportation network. First, the Incheon Subway Line 2 Geomdan extension project has been selected for preliminary feasibility study, and the Gimpo Hangang Line (Seoul Subway Line 5 Geomdan-Gimpo extension), a long-awaited project for Geomdan New Town, has been included in the basic plan for the metropolitan transportation network. As these projects gain momentum, interest in improving the transportation environment of Geomdan New Town is also increasing.
With such outstanding future value as a new town, Incheon Geomdan New Town has recently regained a steep upward trend. Every complex recently launched for sale is closing subscriptions with high competition rates, and premiums are forming in some complexes.
A real estate official said, “Geomdan New Town is scheduled to complete overall development by the end of 2023, gradually establishing its stature as a new town,” adding, “Based on the excellent living conditions and future value of this new town, the real estate market is also rapidly heating up.”
Meanwhile, the officetel ‘Geomdan Sageori Station Hangang Duclass,’ located right in front of Geomdan Sageori Station, which can be called the gateway to Geomdan New Town, is attracting the attention of many demanders. Since the complex is located at the gateway of Geomdan New Town, it shares the adjacent new town’s living infrastructure and is expected to be the biggest beneficiary of the new town premium as the development of Geomdan New Town progresses.
Geomdan Sageori Station Hangang Duclass, sharing the living area of Incheon Geomdan New Town, is located at 980-8 and 9, Majon-dong, Seo-gu, Incheon. It consists of two buildings with a total of 480 officetel units from basement level 6 to ground level 11, and neighborhood living facilities on floors 1 to 3 above ground.
Geomdan Sageori Station Hangang Duclass is composed of small-sized units with exclusive areas ranging from 23.31 to 41.55m², tailored to the characteristics of the area with a high proportion of single-person households, and enhances product competitiveness by separating the bedroom and living room spaces. The abundant storage space and floor plan specialized for single-person households are also noteworthy.
It boasts a one-stop location where residents can enjoy perfect living infrastructure at once, including food towns, Lotte Cinema and other cultural facilities, Hanaro Mart, No Brand, various medical institutions, and central commercial facilities.
Not only Geomdan Sageori Station but also the road network such as the Outer Ring Road provides a convenient transportation environment for access to the adjacent Hangang New Town and Seoul.
In addition, Geomdan Sageori Station Hangang Duclass stands out for allowing unlimited resale regardless of the number of times. With the fact that the trading of pre-sale rights for houses supplied in private land in the metropolitan area and local metropolitan cities will be virtually banned from August, Geomdan Sageori Station Hangang Duclass is expected to enjoy even greater popularity.
Moreover, the commercial facilities within the complex being built together are also attracting the attention of many investors. The commercial facilities within the complex have a stable demand base including 480 officetel units and about 11,000 households within a 1km radius. In addition, as it is located in the immediate vicinity of Geomdan Sageori Station, it forms an even stronger demand base with a floating population of about 12,000 subway users. Furthermore, linked with the activated commercial districts such as nearby food towns, investors can expect stable rental income without concerns about vacancies.
Meanwhile, Hangang Group Co., Ltd., which is in charge of the implementation of Geomdan Sageori Station Hangang Duclass, has been recognized for product quality and value by introducing ‘Duclass,’ meaning a luxurious and elegant residential space, in high future value metropolitan areas such as Yangju Okjeong, Samsong Jichuk, Uijeongbu Gosan, and Gimpo Hangang.
The Geomdan Sageori Station Hangang Duclass sales office is located at 979-9, Majon-dong, Seo-gu, Incheon.
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