"With Competition Rates of Dozens to One and Premiums Over 100 Million Won, 'Siheung Janghyeon District' in the Southwest Seoul Metropolitan Area Resumes Spring Sales"

Attention on New Sale News of Emerging Residential Area in Southwest Seoul Metropolitan Area ‘Siheung Janghyeon District’
Youngmu Construction to Launch ‘Siheung Janghyeon Youngmu Yedam’ with Total 747 Units in March

‘Siheung Janghyeon District,’ emerging as a key area in the southwestern metropolitan region, will resume sales this spring. As a consistently popular area among buyers, attention is focused on its future prospects.

Siheung Janghyeon District is a public housing site covering a total area of 2,938,958㎡, with approximately 18,940 households planned. Together with the adjacent Neunggok District, it is being developed as a new city representing the southern metropolitan area, boasting a central location that connects major cities in the southwestern metropolitan region such as Gwangmyeong, Anyang, Pangyo, and Ansan. Notably, it is a triple station area served by the Wolgot?Pangyo Line (scheduled for 2025), Sinansan Line (scheduled for 2023), and Seohae Line (opened in June 2018), raising expectations as a transportation hub with excellent connectivity.

In fact, Siheung Janghyeon District has seen steady demand and continuous high interest. For example, a recently sold complex within the district recorded a high competition rate of several dozen to one. In December last year, ‘Siheung Janghyeon Useung Hannaedeul First Park’ in Block C-4 attracted 13,410 applicants for 442 general supply units out of a total of 676 households in the first priority subscription, resulting in an average competition rate of 30.34 to 1. The highest competition rate reached an impressive 159.87 to 1 for the 104㎡ exclusive type.

Moreover, premium prices of up to several hundred million won have been formed on resale apartments. According to Naver Real Estate, the ‘Siheung Janghyeon Jeil Punggyeongchae Centum’ 84㎡ exclusive type, scheduled for occupancy in October 2021, is currently priced between 680 million and 710 million KRW. This represents an increase of up to 300 million KRW compared to the original sale price of 410 million KRW (based on the standard floor).

An industry insider said, “Siheung Janghyeon District is gaining popularity as a transportation hub where the Seohae Line, already opened, and the highly anticipated Wolgot?Pangyo Line and Sinansan Line all pass through. Additionally, there are development benefits such as large-scale commercial facilities and a complex transfer center nearby, and the proximity to industrial complexes ensures steady demand inflow, so the upward trend is expected to continue.”

▣ Youngmoo Construction to launch 747 units of ‘Siheung Janghyeon Youngmoo Yedaeum’ in Block B-9 in March

Youngmoo Construction plans to launch ‘Siheung Janghyeon Youngmoo Yedaeum’ in March within the Siheung Janghyeon District.

The complex will be built on Block B-9 of Siheung Janghyeon District, consisting of 8 buildings from basement level 1 to 25 floors above ground, totaling 747 households. All units will be composed of the highly preferred exclusive 84㎡ single area, with the number of units by type as follows: ▲84㎡A 277 units ▲84㎡B 96 units ▲84㎡C 374 units.

Siheung Janghyeon Youngmoo Yedaeum boasts a prime location within the district. In particular, it is a station-area apartment located right in front of Janggok Station on the Wolgot?Pangyo Line, scheduled to open in 2025. This allows travel to Pangyo within 30 minutes, and by using Siheung City Hall Station, just one stop away, transfers to the Sinansan Line and Seohae Line (Sosa?Wonsi) are possible, providing excellent access to Seoul.

Additionally, the complex is surrounded by abundant natural environments. Janggokcheon Stream flows right next to it, offering scenic views. A waterside park is planned along Janggokcheon, and the largest neighborhood park in Janghyeon District is scheduled to be developed to the southeast of the complex.

Furthermore, the educational environment is favorable. Jinmal Elementary School and Janggok Middle School are nearby, and kindergarten, elementary school, and high school sites are planned in the vicinity, enabling safe walking commutes.

Moreover, various lifestyle infrastructure facilities are conveniently accessible. A central commercial district with large marts and private clinics is nearby for easy use. Notably, construction is underway for large commercial facilities such as ‘Siheung Neunggok Station Flandre’ (scheduled for 2021), which will include a cinema, outlet, and family sports facilities, and the ‘Siheung City Hall Station Complex Transfer Center’ (scheduled for 2020), a complex cultural space, which is expected to further enhance infrastructure and residential convenience.

A sales official said, “This sales complex is highly anticipated as the last privately sold station-area complex in the increasingly popular Siheung Janghyeon District. In addition, it is located in a core area where education, nature, and lifestyle infrastructure are all close by, which is already drawing significant interest.”

The model house for Siheung Janghyeon Youngmoo Yedaeum will be located at 353 Janghyeon-dong, Siheung City. As a preventive measure against the novel coronavirus (COVID-19), it will be replaced by a cyber model house, where detailed information such as virtual reality (VR) footage of each unit, location, complex layout, and special features can be viewed on the website. The cyber model house is scheduled to open in March.

This content was produced with the assistance of AI translation services.