Emerging as a Transportation Hub in Northeast Seoul, 'Hillstate Cheongnyangni The First' Draws Attention

The best transportation hub in the northeastern area of Seoul is undoubtedly the area around Cheongnyangni Station.

Cheongnyangni Station has been one of Seoul's key areas since the past, as it currently serves a total of six lines: Line 1, Gyeongwon Line, Bundang Line, Gyeongui-Jungang Line, Gyeongchun Line, and KTX Gangneung Line. Moreover, with the planned addition of four new lines?the Seoul Metropolitan Area Express Railway (GTX) B Line (Songdo-Maseok), GTX C Line (Deokjeong-Suwon), Myeonmok Line (Cheongnyangni-Sinnae-dong), and Gangbuk Transversal Line (Cheongnyangni-Mokdong)?it is expected to become Seoul's top transportation hub with a total of 10 lines in the future.

In particular, only three places in Seoul?Seoul Station, Samseong Station, and Cheongnyangni Station?have two GTX lines stopping there. According to the Ministry of Land, Infrastructure and Transport, Cheongnyangni Station had 150,000 users in 2020, and this number is expected to increase to 300,000 by 2030.

In fact, around Cheongnyangni Station, expectations for its transformation into a transportation hub are rising, boosting the benefits for nearby complexes. The recently occupied officetel complex ‘Hillstate Cheongnyangni The First’ has attracted significant attention, with a payment completion rate exceeding 90% just three months after move-in began. Additionally, for commercial facilities, over 95% of contract holders have completed their payments, further increasing investor interest.

A real estate expert stated, “As transportation benefits continue, interest from both end-users and investors in the beneficiary complexes in the area is rising, heating up the surroundings of Cheongnyangni Station. With the expected transformation into a transportation hub, not only the floating population but also the surrounding demand base is expected to increase.”

Besides this, future development plans around Cheongnyangni Station are ongoing, which is expected to further enhance its future value. Construction companies have already been selected for Cheongnyangni 6 District (GS Construction), 7 District (Lotte Construction), 8 District (Lotte Construction), Jegi 4 District (Hyundai Construction), and 6 District (SK Ecoplant), and projects are underway. Additionally, redevelopment projects such as Miju Apartments and Jeonnong 9 and 12 Districts are continuously progressing, which is expected to further increase the area's value.

Recently, with the influx of young people, changes are occurring in the commercial district around Cheongnyangni. The Lotte Department Store inside Cheongnyangni Station was remodeled last month, attracting more young visitors. The excellent accessibility to subway Line 1 and other subway and railway lines has made the first floor of Lotte Department Store, which consists of cafes and restaurants, so crowded that it is difficult to find empty seats.

A real estate expert advised, “Places like the Cheongnyangni Station area, which have many transportation benefits and development plans, tend to maintain their value relatively well and have abundant demand, so they continue to be popular even during downturns. When considering future real estate investment or moving in, it is important to take into account these locational and development benefit factors in various ways.”