The popularity of subway station-adjacent apartments, known as "station-area apartments," that can be accessed on foot remains strong in the apartment market.
Station-area complexes within walking distance of the subway offer excellent commuting conditions and naturally developed commercial areas centered around the station, providing superior living conditions, which leads to steady housing demand. As a result, these complexes typically enjoy higher prices and value appreciation compared to nearby complexes.
An industry insider stated, "Whether a property is within walking distance of a subway station is one of the key factors influencing not only subscription results but also housing prices in the market." They added, "Especially in areas near Seoul, where many commuters travel to major business districts, station-area apartments are gaining attention as a 'smart single property' and are becoming increasingly popular."
Amid this trend, in May, DL E&C is supplying 'e-Pyeonhansesang Jichuk Centum Garden' in the Jichuk district of Deogyang-gu, Goyang-si, Gyeonggi Province, which has emerged as a hot topic complex with excellent transportation conditions for commuters to Seoul.
e-Pyeonhansesang Jichuk Centum Garden is a station-area complex located within approximately 500 meters of Jichuk Station on Subway Line 3, making it accessible on foot in about 10 minutes. From Jichuk Station, it takes about 30 minutes to reach central business districts (CBD) such as Jongno and Gwanghwamun. Additionally, it offers convenient, transfer-free access to Gangnam areas like Sinsa Station, Gyodae Station, and Express Bus Terminal Station, facilitating easy commuting. Currently, it takes about 50 minutes to reach the Gangnam area, but accessibility is expected to improve further with the opening of the GTX-A line in 2024. Using Yeonsinnae Station on the GTX-A line, which is two stops from Jichuk Station, will enable travel to Samseong Station in about 10 minutes.
With such excellent transportation conditions, e-Pyeonhansesang Jichuk Centum Garden is also receiving positive reviews from prospective subscribers for its outstanding living environment. Nearby large-scale infrastructure includes Starfield, Emart Traders, IKEA, Lotte Mall, and Eunpyeong St. Mary's Hospital. Furthermore, the central commercial district currently under development is located about 100 meters south of the complex, allowing residents to conveniently enjoy various amenities nearby. In addition, within walking distance are Jichuk Elementary School, Jichuk Middle School, and Jichuk 2nd Elementary School (tentative name, scheduled to open in 2023), providing excellent school commuting conditions. The area also boasts pleasant natural environments such as Changneungcheon Stream, Bukhansan Mountain, and Imalsan Mountain.
Most notably, this apartment is supplied as a pre-built and post-sale complex, meaning buyers do not have to wait a long time until completion, unlike pre-sale complexes. Since move-in is possible as early as September, it is expected to attract continued interest from buyers aiming to purchase homes in the Seoul metropolitan area this year.
Meanwhile, e-Pyeonhansesang Jichuk Centum Garden consists of three buildings ranging from one basement floor to 28 floors above ground, with a total of 331 households of 84㎡ exclusive area. The number of units by type is △84㎡A 140 units △84㎡B 81 units △84㎡C 110 units. The price ceiling system is applied, so competitive prices compared to surrounding market prices are expected. As an apartment supplied in a large-scale housing site in the metropolitan area, priority supply will be applied to metropolitan area residents (30% for those who have lived in Goyang-si for over one year / 20% for those who have lived in Gyeonggi-do for over six months / 50% for other metropolitan area residents), which is expected to drive high popularity.
The housing exhibition hall for e-Pyeonhansesang Jichuk Centum Garden, which will be launched in May, will be operated 100% online to prevent the spread of COVID-19 infections.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
