Distinguish the Gems and Invest in the Niche... Over 95% Land Secured at 'GTX Unjeong Station Seohee Starhills'

Land Acquisition Over 95%... Increased Stability, Transfer Possible After Project Plan Approval

Regional housing association apartments, which offer reasonable prices without the need for intense subscription competition, are attracting the attention of buyers.

Recently, as the prices of general sale apartments continue to rise and the subscription barriers become higher, regional housing association apartments are gaining attention as niche investment products. However, it is necessary to carefully evaluate the project stages before investing in regional housing association apartments.

Investors should meticulously check the land acquisition rate, which determines the success or failure of regional housing association apartments. If land acquisition is insufficient, various risks such as additional charges for members may arise. In the worst cases, the entire project can be canceled.

On the other hand, projects with over 95% land acquisition can receive project plan approval through administrative procedures and allow unlimited transfer of ownership, making them stable investment products. Due to strict regulations, it has become difficult to gain significant capital gains or rental income through general apartments, so regional housing association apartments with solid land acquisition present a valuable investment opportunity.

Real estate experts explain, “Although risks have somewhat decreased due to continuous amendments to the Housing Act, since the success of regional housing association apartment projects depends on land acquisition, it is essential to thoroughly check the progress of land acquisition before participating in the project to ensure a stable investment.”

In this atmosphere, the ‘GTX Unjeong Station Seohee Starhills’ regional housing association complexes 1 and 2 in Dongpae-dong, Paju-si, Gyeonggi-do, are drawing attention in the local real estate market due to their excellent location and high land acquisition rates.

The complexes have currently completed over 95% of land purchases, and if the project proceeds smoothly according to schedule, project plan approval is expected to be finalized by July 2023, with construction starting in November 2023. After project plan approval, transfer of residence rights will be possible, and with no resale restrictions, it is expected to attract strong interest as a niche investment product.

GTX Unjeong Station Seohee Starhills also boasts excellent location conditions. It is located in the same administrative district of Dongpae-dong as Unjeong New Town and borders Ilsan New Town to the south, allowing residents to utilize the infrastructure of both new towns. Residents can conveniently access various shopping and convenience facilities such as Unjeong Branch, Lotte Department Store, KINTEX, and Paju Premium Outlets, and the ‘Starfield Village Unjeong’ (scheduled for 2025) is also planned.

The outstanding transportation network enhances its future value. The GTX-A line Unjeong Station, opening in June 2024, is adjacent, reducing travel time to Samsung Station in Gangnam, Seoul, which previously took over an hour by car, to about 20 minutes. Additionally, the complex is connected to Dongseo-daero and Mirae-ro roads, providing easy access to the Seoul-Munsan Expressway and the Metropolitan Area 1st Ring Expressway. Furthermore, the Seoul Subway Line 3 extension is scheduled to begin construction in 2025, significantly improving public transportation access.

It also offers excellent proximity to workplaces. Nearby industrial complexes and business districts such as Paju Publishing Cultural Industrial Complex, LG Display Industrial Complex, Medical Cluster (scheduled for 2024), and Unjeong Technovalley (scheduled for 2026) provide strong demand from workers in these areas.

The complex is located in a school district with various educational institutions nearby, including Ungwang Elementary School, Unjeong Middle School, Unjeong High School, and Dongpae High School. Saeam Park, a historic park of about 90,000 square meters, is accessible within a 6-minute walk, and Unjeong Health Park and Unjeong Lake Park, a landmark of Unjeong New Town, are about 1 km away, offering abundant leisure, walking, and exercise environments.

GTX Unjeong Station Seohee Starhills is planned to be constructed in Dongpae-dong, Paju-si, Gyeonggi-do, consisting of 19 buildings ranging from 3 basement floors to 25 above-ground floors, with units sized from 59㎡ to 84㎡, totaling 1,724 households.