Attention on 'Jincheon Kumho Eoullim Central Park' Benefiting from the Capital Region Inland Line

As Jincheon-gun in Chungbuk hastens the early commencement of the 수도권내륙선 (Capital Region Inland Line), the real estate market in the Jincheon area is drawing attention.

[Expected Map of Sudogwon Inland Line]

The 수도권내륙선 railway is one of the railway projects included in the '4th National Railway Network Construction Plan (2021?2030)', connecting Hwaseong (Dongtan) in Gyeonggi Province, Anseong, Jincheon (Seonsuchon·Innovation City), and Cheongju over a distance of 78.8 km. The investment budget amounts to approximately 2.25 trillion KRW.

Once this railway is established, the commuting time from Jincheon to Seoul will be reduced to within one hour, and access to Cheongju International Airport will become more convenient, creating an airport zone that surpasses typical station areas. In particular, Jincheon-gun is a region experiencing continuous growth through successive industrial complex developments, achieving not only job creation but also population increase, which is expected to generate significant synergy effects.

With the 수도권내륙선 planned to pass through Jincheon-gun and various development benefits added, investors are moving quickly driven by expectations of future value. As a result, real estate listings are disappearing. According to data from the Korea Real Estate Board's statistical system, apartment sales transactions in the Jincheon area reached 1,739 units last year, the highest since related statistics began in 2006.

A real estate official stated, “When a new railway is constructed in an area without existing rail infrastructure under the national railway network plan, the ripple effect on the surrounding real estate market is greater than in areas already connected by rail. Jincheon-gun, once called a railway wasteland, is expected to transform into a stopover city and fully enjoy economic benefits, attracting much attention.”

Meanwhile, the ‘Jincheon Kumho Eoullim Central Park’ apartment complex, located in Songnim-ri, Iwol-myeon, Jincheon-gun, is gaining attention. Jincheon Kumho Eoullim Central Park consists of four buildings ranging from basement level 1 to 20 floors, with 378 units of 76 to 84 square meters in exclusive area. Especially, the nearby Jincheon Seonsuchon Station on the 수도권내륙선 is expected to bring benefits to this complex.

Jincheon Kumho Eoullim Central Park offers easy access within Jincheon-gun via Jingwang-ro and Ideok-ro, and is close to the Bukjincheon Interchange on the Pyeongtaek-Jecheon Expressway and the Daeso Junction on the Jungbu Expressway, facilitating travel to the metropolitan area and beyond.

Additionally, Songnim Neighborhood Park is located in front of the complex, with Jangryangcheon Park and Saenggeo Jincheon Recreation Forest nearby. Some units offer views of Muje Mountain. The area is rich in convenience facilities, including Iwol Terminal, Iwol Post Office, and Hanaro Mart, while educational institutions such as Iwol Elementary School Attached Kindergarten, Iwol Elementary School, and Iwol Middle School are within walking distance. Proximity to Jincheon Iwol Agricultural and Industrial Complex and Iwol General Industrial Complex is another advantage. Nearby, Jincheon Technopolis and Jincheon Smart Tech City are also planned.

The design stands out as well. All units are south-facing, consisting of small to medium-sized floor plans preferred by buyers, with ample storage space such as pantries and alpha rooms (in some units) to maximize space utilization. The complex includes various landscaping and relaxation areas such as a central plaza and community plaza, as well as community facilities like a daycare center, small library, Mom’s Station, and fitness center to enhance resident satisfaction.

A sales official said, “The sale price of Jincheon Kumho Eoullim Central Park starts from around 7.5 million KRW per square meter, which is reasonably priced compared to nearby market prices and is cheaper than areas like Anseong, Chungbuk Innovation City, and near Cheongju Airport, which are also on the 수도권내륙선. Before the implementation of the DSR Phase 2 regulation, the announcement for resident recruitment was made, making it favorable for interim and final payment loans. Especially, since it is located in a non-regulated area, the maximum loan-to-value (LTV) ratio for mortgage loans is up to 70%. Immediate resale after contract is also possible,” he added.

Move-in is scheduled for March 2024.