- Steady Inflow of Genuine Demand Sustains Vibrancy... Popularity Clear Around Upcoming Station Areas
- 'Hillstate Gwacheon Decentro', Near Line 4 Gwacheon Knowledge Information Town Station (Planned), Attracts Continuous Attention
In the real estate market, brand complexes located near subway stations continue to enjoy sustained popularity. Due to the convenient environment attracting steady inflow of actual demand, and the resulting continuous price increases, analysts say investor interest remains strong, maintaining a booming trend.
In fact, brand complexes near subway stations are showing ongoing price increases and leading local market prices in various areas. For example, according to recent actual transaction prices from the Ministry of Land, Infrastructure and Transport, the 84㎡ unit of ‘Galmae Station I-Park’ located in the immediate vicinity of Galmae Station was traded at 899 million KRW, up 169 million KRW from 730 million KRW two years ago.
As a result, brand complexes near subway stations are facing fierce subscription competition in the pre-sale market every day. A representative example is ‘e-Pyeonhansesang Siheung Janghyeon First Avenue,’ a double subway station complex near Siheung Neunggok Station on the Seohae Line and the planned Shinansan Line, which attracted 12,726 first-priority applications in May this year in Siheung City, recording an average competition rate of 189.94 to 1.
Residential officetels are also continuously attracting attention when located in brand complexes near subway stations. For instance, the ‘Sinseoldong Station Xi Rne’ residential officetel supplied in Sinseoldong in April recorded a competition rate of 41 to 1 and sold out, gaining attention for its prime location right next to Sinseoldong Station, a transfer station for subway lines 1 and 2.
Moreover, areas where new railway lines are being constructed are seeing subway station area locations maintain soaring popularity. Future opening of new stations will provide convenient transportation environments and the potential for capital gains due to future value.
For example, the ‘Geomdan Station Geumgang Pentarium The Siglo 2nd Phase’ mixed-use apartment complex in Geomdan New Town has attracted attention as a subway station area complex with the planned new Geomdan Station on Incheon Subway Line 1 within walking distance. The apartments and officetels recorded average competition rates of 14.4 to 1 and 60 to 1 respectively, closing subscriptions successfully.
An industry insider said, “Currently, the real estate market is showing a stronger trend toward owning a single smart property due to rising pre-sale prices and interest rates. Therefore, the popularity of brand complexes near subway stations, which combine relative convenience advantages and outstanding product value, is expected to continue.”
Meanwhile, in Gwacheon City’s Knowledge Information Town, Hyundai Engineering is conducting first-come, first-served contracts for ‘Hillstate Gwacheon Decentro,’ a brand complex boasting a subway station area location.
Hillstate Gwacheon Decentro is a residential complex combining officetels, section offices, and commercial facilities, developed on Commercial Blocks 1-2 and 3 (Phase 1) and Commercial Blocks 3-1 and 2 (Phase 2) in Gwacheon Knowledge Information Town, Gwacheon City, Gyeonggi Province. It consists of two buildings, one in each block, with six basement floors and 15 above-ground floors.
The officetels range from 25 to 84㎡ in exclusive area, totaling 359 units (126 units in Phase 1, 233 units in Phase 2), and the offices range from 25 to 75㎡, totaling 298 units (130 units in Phase 1, 168 units in Phase 2).
The complex is located right next to the planned Gwacheon Knowledge Information Town Station on Subway Line 4 (tentatively scheduled to open in 2025), offering excellent transportation convenience. Nearby are the Second Gyeongin Expressway, National Road 47, and Gwacheon-Bongdam Expressway, providing a wide transportation network. Additionally, Government Complex Gwacheon Station on Line 4, just one stop away, is planned to connect with the GTX-C Line and the Wirye-Gwacheon Line, further enhancing accessibility to Seoul and Gangnam.
Furthermore, the complex is situated in the central commercial district, considered the core location within Gwacheon Knowledge Information Town, allowing easy access to cultural and convenience facilities. Nearby large shopping centers include Gwacheon E-Mart and Lotte Department Store Beomgye Branch. Planned elementary and middle school sites and neighborhood parks within Gwacheon Knowledge Information Town are also adjacent, enhancing residential and work convenience and comfort.
Amid this, Gwacheon Knowledge Information Town, where Hillstate Gwacheon Decentro is being developed, is attracting attention as leading companies in various fields continue to relocate and announce development plans, drawing interest from demanders and investors aiming to secure future value.
In fact, Pearl Abyss, which has built a new headquarters and announced relocation, is about to move in within Gwacheon Knowledge Information Town. Several pharmaceutical companies such as JW Group, Anguk Pharmaceutical, Kyungdong Pharmaceutical, and Il Sung Pharmaceutical have also announced relocations. Additionally, 116 excellent companies including Kolon Global, KOTITI Testing & Research Institute, Visang Education, two university-industry cooperation foundations, and various other enterprises are scheduled to move in.
Meanwhile, Hillstate Gwacheon Decentro offers excellent pre-sale conditions, especially for officetels, providing various financial benefits such as a 10 million KRW first-phase deposit installment plan and full interest-free benefits on intermediate payments, significantly reducing the price burden for consumers.
The complex is currently running a gift event for contract holders, offering premium champagne as a gift.
Hillstate Gwacheon Decentro is operating a model house.
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