Since the conclusion of the 22nd National Assembly elections, Dongtan has been raising expectations as the 'Southern Gyeonggi Transportation Hub.' This is because the promises of Lee Jun-seok, the elected representative of Hwaseong (Eul), focus heavily on the development of multiple railway lines.
Lee Jun-seok's railway pledges encompass a total of eight lines. These include the early opening of the GTX-A line up to Samseong Station, the early launch of the Dongtan Tram and promotion of Tram Line 3, the Dongtan?Indeokwon Line, extension of Line 1 from Seodongtan to Dongtan Station, advancement of the semiconductor line to Yongin (formerly Dongtan?Bubal Line), extension of the Bundang Line, and the realization of the preliminary feasibility study approval for the Metropolitan Inland Line. Dongtan is truly emerging as a transportation mecca in the southern metropolitan area.
Already, Dongtan has shown a rising trend alone despite the nationwide real estate downturn, coinciding with the opening of GTX-A, generating high expectations for these pledged projects. In fact, before the GTX-A opened, in February, the 102㎡ exclusive type at 'Dongtan Station Lotte Castle' was transacted at a record high price of 2.2 billion KRW. According to the real estate big data platform Asil, Hwaseong City, which includes Dongtan, was the region with the most gap investments nationwide over the past year.
In this context, the value of Dongtan Technovalley is gaining attention. As the largest knowledge-based industrial complex in the metropolitan area, it already hosts headquarters of major companies such as Hanmi Pharmaceutical Research Center.
Dongtan Technovalley not only serves as a self-sufficient function of Dongtan New Town but also boasts excellent accessibility to other regions via the Gyeongbu Expressway and SRT, enhancing its business linkage effects with these areas. Amid this, multiple companies and labor demands are focusing on the area due to various railway developments including GTX. With significantly improved access to major business districts such as Seoul Gangnam, Pangyo, Yongin, Pyeongtaek, and Asan, work efficiency and commuting convenience are expected to rise dramatically.
A real estate expert said, “Just as Pangyo rapidly grew based on Pangyo Technovalley, Dongtan will also grow quickly alongside the development of Dongtan Technovalley. Especially since substantial railway development projects are lined up, the value of Dongtan Technovalley, which can be considered the energy source of the entire Dongtan area, is likely to show a steep upward trend regardless of economic downturns.”
Meanwhile, 'Hillstate Dongtan Station Multiplayer,' scheduled for occupancy in June on Block 39 of the support facility site in Dongtan 2 New Town, is attracting attention. As a complex consisting of officetels, offices, and commercial spaces, it holds a central location within Dongtan Technovalley, making it an ideal office for businesses, a convenient work-residence officetel, and a favorable commercial space for self-employed businesses, generating high expectations even before occupancy.
Hillstate Dongtan Station Multiplayer was an early sell-out during the officetel pre-sale amid strong interest from investors and residents. Located at Dongtan Station where SRT and GTX pass, it is expected to complete occupancy stably with great interest following the GTX opening. Not only that, the Dongtan urban tram station will be within walking distance, and with the extension of the Bundang Line underway, Hwaseong City is expected to emerge as a major transportation hub connecting southern Gyeonggi and Seoul.
The road transportation network is also excellent. The Gyeongbu Expressway, Yongin?Seoul Expressway, and the Metropolitan Area 2nd Ring Expressway are nearby, making travel to other regions by car convenient.
A real estate official in Dongtan said, “With the recent opening of GTX and the election promises, the real estate atmosphere in Dongtan is heating up, and Dongtan Technovalley is being recognized as a direct beneficiary area. Naturally, many inquiries from investors and tenants are pouring in for Hillstate Dongtan Station Multiplayer, which is nearing occupancy. Especially as the urban development of Dongtan enters its final stages and the number of new complexes decreases significantly, Hillstate Dongtan Station Multiplayer is expected to see even greater value appreciation due to its rarity,” he said.
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