Active Redevelopment in Incheon Bupyeong-gu Draws Attention Comparable to New Towns... Focus on 'Bupyeong Howstory Urban Green'

The real estate market in Incheon, which was popular mainly around the new towns, is undergoing changes. The market is now actively moving around the old downtown areas.

Experts analyze that these areas are gaining high expectations among actual buyers based on the anticipation that they have "relatively increased less" and "will rise in the future."

In fact, ‘Bupyeong Howstory Urban Green’ in Bupyeong-gu, which recently launched its subscription, performed well despite the chilly atmosphere in the subscription market, recording an average competition rate of 3.7 to 1 for general supply. This is because Bupyeong-gu is still an undervalued area compared to Seo-gu, Jung-gu, and Yeonsu-gu, where prices have already risen centered around the new towns of Geomdan, Cheongna, and Songdo, and because redevelopment projects are actively underway, which is seen as a positive factor.

Looking at the current status of redevelopment projects, it can be confirmed that Bupyeong-gu is at the center. According to the ‘Incheon Metropolitan City Redevelopment Charge Information System,’ there are a total of 32 redevelopment project zones in Bupyeong-gu, amounting to 45,087 households.

‘Bupyeong Howstory Urban Green’ by Namgwang Construction is gaining even higher popularity due to the expectation of benefiting from these redevelopment projects combined with locational advantages.

This complex is being developed in Bupyeong-dong, Bupyeong-gu, Incheon Metropolitan City, consisting of three buildings ranging from two basement floors to 20 floors above ground. A total of 160 units of a single exclusive area size of 59.89㎡ will be supplied, including 43 special supply units.

‘Bupyeong Howstory Urban Green’ is a forest-adjacent complex near Bupyeong Park, Hope Park, and Beopseongsan Mountain, and it shares convenient living infrastructure centered around the Bupyeong central commercial district, making daily life very convenient. The excellent location environment centered on public transportation is also noteworthy. It satisfies the conditions of a double station area as it is close to Baegun Station on Line 1 and Dongsu Station on Incheon Line 1. Moreover, Bupyeong Station, which is one stop away from Baegun Station, is included in the GTX-B line, so once it opens in the future, it could even become a triple station area. The proximity to the Metropolitan Area 1st Ring Expressway and Gyeongin Expressway also makes it convenient to travel by car to Seoul and other major downtown areas.

Meanwhile, ‘Bupyeong Howstory Urban Green’ is currently operating a model house, which is available by appointment only. Visits are possible after making a reservation through the website. Detailed information can be found on the website and other channels.