Beneficiary Sale Complex in Incheon Ahead of the Tram Era Opening ‘ePyeonhansesang City Hangdong Marina’

- Ministry of Land Approves Changes to Incheon Urban Rail Network Plan... Accelerating Development of Bupyeong Yeonan Pier Line and Songdo Route
- ‘ePyeonhansesang City Hangdong Marina’ Gains Attention as New Complex with Tram Access

Now, 'trams' are expected to become commonly seen and accessible in South Korea as well. In some local governments, the introduction of trams is becoming more tangible, even stirring the previously quiet real estate market.

A tram is a streetcar that runs on rails laid on the road. It operates using electricity instead of fossil fuels, resulting in low pollutant emissions and effectively reducing fine dust, making it a low-carbon and eco-friendly public transportation mode. It is considered the most convenient people-centered public transport for vulnerable groups such as children, people with disabilities, pregnant women, and the elderly. Construction and operating costs are also about one-fourth to one-fifth per kilometer compared to subways that run underground. In particular, trams not only function as public transportation but also have significant additional ripple effects such as urban regeneration, tourism, and landscape improvement.

In fact, in Toyama, Japan, residential, commercial, and business buildings were concentrated along public transportation routes including trams, and through land use policies, the population in the downtown area increased, revitalizing the original city economy.

Currently, the city actively discussing tram introduction in South Korea is Incheon. In January, the Ministry of Land, Infrastructure and Transport approved changes to the Incheon Urban Rail Network Construction Plan, which includes four tram lines among eight routes: Bupyeong Coastal Pier Line (tram), Songdo (tram), Yeongjong (tram), and Jemulpo Coastal Pier Line (tram).

Incheon plans to proceed with a preliminary feasibility study for the Bupyeong Coastal Pier Line (tram) and Songdo (tram) within this year and accelerate pioneering the tram era.

According to the revised Incheon Urban Rail Network Construction Plan, the Bupyeong Coastal Pier Line (tram) aims to start construction in 2023 and open in 2032. This project connects the sections from Bupyeong Station to Gajwa Station, Incheon Station, and Yeonan Pier. At Bupyeong Station, it connects with Incheon Subway Line 1, Seoul Subway Line 1, and GTX-B Line. Transfers are also possible at Incheon Subway Line 2 Incheon Gajwa Station, Seoul Subway Line 1 Dongincheon and Incheon Stations, and Suin-Bundang Line Sinpo Station.

A real estate expert explained, “Trams allow boarding and alighting on the road, making them convenient to use, and they can carry more passengers than buses, which is expected to activate transportation. As a transport mode that stimulates tourism around ground-level stations, tram line stations are also expected to enjoy the benefits of station area effects.”

Incheon Approaching the Tram Era, Interest in ‘e-Pyeonhansesang City Hangdong Marina’ Sale

Accordingly, much attention is focused on DL E&C’s (DL E&C) ‘e-Pyeonhansesang City Hangdong Marina,’ scheduled for sale this May. This is because ‘e-Pyeonhansesang City Hangdong Marina’ is a newly launched complex located where the Bupyeong Coastal Pier Line (tram) and Jemulpo Coastal Pier Line (tram) will be accessible in the future.

Additionally, it is situated in the Incheon Inner Port area, where five specialized districts (Marine Culture District, Complex Business District, Open Residential District, Innovation Industry District, Tourism and Leisure District) are being developed, and with a maximum height of 39 floors, some units offer sea views.

‘e-Pyeonhansesang City Hangdong Marina’ is a residential officetel complex to be built in Hangdong 7-ga, Jung-gu, Incheon (Hangdong 1-1 District Unit Planning Area), consisting of 4 buildings from 3 basement floors to 39 floors above ground. It offers a single exclusive area of 82㎡ with a total of 592 units presented in four housing types.

It introduces a 4-bay plate-type layout (except for some units), rarely found in officetels, to enhance space utilization, and applies designs for comfortable living such as high ceiling heights. Furthermore, it is supplied as a new residential officetel integrating DL E&C’s unique technology, products, design, and philosophy, offering well-organized spaces for a compact lifestyle.

Commuting to major government offices such as Incheon Main Customs, Incheon Regional Public Procurement Service, Incheon Regional Maritime Affairs and Fisheries Office, and Jung-gu Office is convenient, and access to Incheon General Industrial Complex, Juan National Industrial Complex, including CJ CheilJedang, Hyundai Doosan Infracore, Hyundai Steel, and Dongkuk Steel, is also easy. Educational facilities like Sinseon Elementary, Sinheung Middle, and Sinheung Girls’ Middle Schools, as well as amenities such as Inha University Hospital, E-Mart, Homeplus, cultural centers, and sports centers, are available.

Bus stops with nine routes are adjacent to the complex, and Suin-Bundang Line Sungui Station, Seoul Subway Line 1 Incheon Station, and Dongincheon Station are accessible. The Neunghae IC on the 2nd Gyeongin Expressway is nearby, enabling travel to Incheon, Seoul, and the metropolitan area.

Near the complex, tram construction and redevelopment of the Incheon Inner Port area are underway, along with the Incheon Port Smart Auto Valley, an eco-friendly and advanced used car export cluster, and the Golden Harbor development project, which plans to build a complex shopping mall, resort, hotel, water park, condo, and marina, all contributing to expected future value appreciation.

‘e-Pyeonhansesang City Hangdong Marina’ allows subscription applications without using a subscription savings account, and even after signing a contract, buyers can maintain their ‘non-homeowner’ status for future apartment subscriptions. With no separate subscription restrictions, it is expected to be an optimal choice for young people with low subscription scores and newlyweds seeking to maintain non-homeowner subscription eligibility.

For prospective buyers, DL E&C provides easy-to-understand information about the project overview and location environment through the ‘e-Pyeonhansesang City Hangdong Marina’ website.