One of the biggest factors influencing the formation of premiums in the housing market is the improvement of transportation networks. When transportation conditions improve, accessibility to other areas is greatly enhanced, making movement more convenient due to increased accessibility, which in turn helps secure a floating population and raises housing prices in the area.
Yangpyeong-gun, Gyeonggi-do, is also showing an overall upward trend in the land market. In this area, from January to May this year, 11,329 parcels of pure land excluding buildings were traded. This is about a 63.5% increase compared to the same period last year (6,931 parcels). This is analyzed as an expectation of improved transportation environment that will significantly shorten travel time to Seoul.
Yangpyeong recently passed a preliminary feasibility study in April for a highway construction project stretching 27 km from Songpa-gu, Seoul to Yangpyeong. The currently under-construction Metropolitan Area 2nd Ring Expressway (Yangpyeong-Hwado section) and the Yangpyeong-Icheon Expressway are scheduled to open at the end of 2020 and the end of 2025, respectively.
An industry insider said, “Through road projects, accessibility to Seoul has greatly improved, heating up the real estate market centered on housing and land in the area. Among these, some places are offering townhouse sales, and some are expected to develop residential complexes, increasing expectations for development benefits. In the metropolitan area, since accessibility to Seoul is important, securing such locations can positively affect both residential satisfaction and market prices.”
One of the places in Yangpyeong-gun attracting attention due to transportation benefits is the Aston River Village townhouse.
Aston River Village is located on a countryside housing site where the Namhan River and Yongmunsan Mountain meet. It offers a glimpse of future value by allowing residents to experience both a clean natural environment with quick access to the city and convenient urban infrastructure simultaneously.
The countryside housing complex currently uses Namyangpyeong IC, which is 3 minutes away, and it is expected that accessibility to Seoul will improve by using the Yangpyeong-Hwado section of the 2nd Outer Ring Road scheduled to open in 2022. Furthermore, using the soon-to-open Songpa-Yangpyeong Expressway will allow reaching Seoul within 20 minutes.
In addition, the area is equipped with elementary, middle, and high school districts, providing excellent commuting environments for children. Various parcel divisions are possible, ranging from 150 to 340 pyeong, with tree-lined streets where you can feel the green scenery and 6-meter-wide roads within the complex. A riverside walking path is also connected inside the complex.
Aston River Village, which offers a view of the Namhan River and Yongmunsan Mountain at a glance, allows residents to enjoy leisure activities by using the Namhan River bicycle road right in front of their homes, and all living infrastructure is within 10 minutes, enabling an urban green life.
A sales representative said, “Due to its rarity as the last waterfront area in Yangpyeong, it has high residential and future investment value. There is active inquiry due to the large-scale residential complex development nearby and the benefit of being the biggest beneficiary area upon Yangpyeong’s city status upgrade.”
Currently, countryside housing sites are being sold throughout the Yangpyeong-gun area.
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