GTX-C and Techno Valley Benefits... 'Yangju Station Prugio The Edition' Scheduled for October Sale

Night View Perspective of Yangju Station Prugio The Edition ＜Photo by Daewoo E&C＞

Daewoo E&C announced on the 27th that it plans to sell 'Yangju Station Prugio The Edition' in Block A1 of Joint 5 in the Yangju Station area, 52 Nambang-dong, Yangju-si, Gyeonggi-do, around October.

Yangju Station Prugio The Edition will be supplied with a total of 1,172 households across 8 buildings, ranging from 3 basement floors to 29 above-ground floors, with exclusive areas of 59㎡ and 84㎡. By exclusive area, it consists of △59㎡A 508 households △59㎡B 116 households △59㎡C 160 households △59㎡D 113 households △84㎡A 105 households △84㎡B 114 households △84㎡C 56 households, which are small to medium-sized units preferred by consumers.

The complex allows walking access to Yangju Station on Subway Line 1. Through this line, it is possible to reach Cheongnyangni Station, a transfer station for Subway Line 1, Gyeongui-Jungang Line, Suin-Bundang Line, and Gyeongchun Line, within 40 minutes, and City Hall Station, a transfer station for Subway Lines 1 and 2, within 50 minutes. Additionally, access to Seoul is possible via National Road No. 3 and Gwangsa IC in front of the complex.

Various transportation networks are also scheduled to open nearby. First, the metropolitan area high-speed railroad (GTX) Line C is planned to pass nearby, significantly improving access to Seoul. GTX-C Line connects approximately 74.8 km from Yangju Deokjeong to Cheongnyangni, Samsung Station, and Suwon, and negotiations for the implementation agreement are underway. Once the line opens, it will take about 27 minutes from Yangju Deokjeong to Seoul Samsung Station.

Yangju Station Prugio The Edition is being developed within the Yangju Station area urban development project zone, which is emerging as a new residential area in Yangju. Urban development projects refer to the creation of complexes or urban areas with residential, commercial, and cultural functions. Unlike land development projects, these are led by private developers or local governments, which allows for faster project progress.

Yangju Station Prugio The Edition has a location close to Yangju Techno Valley, providing a live-work proximity. Yangju Techno Valley is an urban high-tech industrial complex developed over an area of 218,105㎡ around the Yangju Station area development site, scheduled for completion by 2024. Upon completion, the Techno Valley is expected to generate a production inducement effect of 1.8686 trillion KRW and create 4,373 jobs, providing abundant demand as a hinterland and revitalizing the local economy.

Within a 1 km radius of the complex are Yangju City Hall, Yangju Post Office, and Hanaro Mart, and it is adjacent to commercial land planned within the urban development project site. An elementary school site is planned on the south side of the complex.

Yangju City, a non-regulated area, allows anyone aged 19 or older who has been subscribed to a subscription savings account for at least 12 months and meets the deposit requirements by region and area to apply for first-priority subscription. Additionally, household head status and the number of owned houses do not matter. The lottery system ratio is relatively high, so even those with low scores can have a chance to win.

The loan limit in non-regulated areas is set higher than in regulated areas. The loan-to-value ratio (LTV) is 70%, and the debt-to-income ratio (DTI) is 60%. In speculative overheated districts, both LTV and DTI are only 40%, and in adjusted areas, they remain around 50%. In non-regulated areas, regardless of home ownership, mortgage loans can be obtained as long as the LTV limit is not exceeded. Also, mid-term loan guarantees are available for up to 2 cases per household (limit of 500 million KRW), and mid-term loans can be up to 60%.

Taxes can also be significantly reduced. In non-regulated areas, the residency requirement (2 years) is not included in the non-taxation conditions for capital gains tax on one household one house. Moreover, multi-homeowners can greatly reduce acquisition tax, comprehensive real estate tax, and capital gains tax, and when acquiring a second home, the general tax rate of 1-3% applies as if it were a single home.