Dongtan New Town, Increasing Resident Companies... Knowledge Industry Center 'Dongtan G Tower' for Sale

SRT·GTX and Indukwon Double-Track Railway Planned, Abundant Transportation Development Benefits Expected

Dongtan 1 New Town, which began development in the early to mid-2000s, emerged as a hot spot in the real estate market starting in 2003 when the site development project commenced. Currently, the development is complete, and as of August 2020, approximately 130,000 residents live there. As a large-scale housing development, it absorbed many people from surrounding cities, becoming a major second-generation new town and driving a significant increase in real estate value.

Dongtan 2 New Town, which began development in 2011, was created on an even larger scale than the first new town, generating high expectations. Its planned population is more than twice that of Dongtan 1, and recently, as residential land development nears completion, attention has shifted toward office and commercial facilities.

In particular, Dongtan 2 New Town is attracting attention due to various development benefits stemming from its growing population. The GTX-A line, considered the biggest transportation boon in the real estate market, is planned to stop at SRT Dongtan Station, which will greatly improve accessibility to Seoul. Additionally, there are major transportation projects lined up, including the extension plan for the Bundang Line, the scheduled construction of the Indeogwon-Dongtan Line, and the Second Outer Ring Expressway.

Moreover, the largest Dongtan Techno Valley in Korea, covering approximately 470,000 pyeong (about 1.55 million square meters), is set to be established. This area will house around 4,500 companies, with a resident population expected to reach 200,000. The size of Dongtan Techno Valley is 2.3 times that of Pangyo Techno Valley and 5.7 times that of Gwanggyo Techno Valley. The establishment of Dongtan Techno Valley is expected to revitalize the region and create significant synergy effects with surrounding areas.

Amid these circumstances, a knowledge industry center within Dongtan Techno Valley is scheduled for sale in February, drawing considerable attention. The ‘Dongtan G Tower’ is the project in question, located at Support 38BL-2LT in the Dongtan 2 housing development district, Dongtan-myeon, Hwaseong City. It consists of a knowledge industry center (live office) and neighborhood living facilities, spanning from four basement floors to ten above-ground floors, with a total floor area of 32,066 square meters, situated in the heart of Dongtan Techno Valley.

‘Dongtan G Tower’ is conveniently located near Giheung-Dongtan IC, making travel to surrounding areas easy by car. It also offers convenient access to SRT Dongtan Station and is expected to benefit greatly from the GTX-A transportation development. Additionally, the Dongtan-Bundang Line tram is scheduled to open, further enhancing future value due to transportation development benefits.

The project also boasts abundant underlying demand, a crucial factor for investment in knowledge industry centers. This includes an indirect catchment population of 3 million from surrounding areas such as Suwon, Yongin, and Osan adjacent to Dongtan 2 New Town, plus the approximately 200,000 resident population within Dongtan Techno Valley. Furthermore, the 4,500 companies located in Dongtan Techno Valley and the Samsung Electronics factories in Hwaseong and Giheung are expected to have a significant impact.

In addition to its locational advantages, the internal design is excellent. It is presented as a live office, combining the benefits of both officetels and offices. Live offices are a newly emerging office concept, offering a variety of unit sizes to broaden choices for users. They provide both residential support and work integration simultaneously, with high space utilization, making them highly preferred by tenants.

Meanwhile, the ‘Dongtan G Tower’ is currently operating a promotional center.