Growing Attention on ‘Siheung Janghyeon District,’ a Popular Area in the Southwest Seoul Metropolitan Area

Attention on New Sale News of ‘Siheung Janghyeon District,’ Emerging Residential Area in Southwest Seoul Metropolitan Area
Youngmu Construction to Sell Total 747 Units of ‘Siheung Janghyeon Youngmu Yedam’... First Priority Subscription Starts on 31st

‘Siheung Janghyeon District,’ emerging as a key area in the southwestern metropolitan area, is drawing attention as it announces the resumption of sales, sparking strong interest among buyers.

Siheung Janghyeon District is a public housing site district with a total area of 2,938,958㎡, where approximately 18,940 households will be established. 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 area 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 been continuously attracting strong demand, maintaining a high level of interest day after day. For example, a recently sold complex in Siheung Janghyeon District recorded a high competition rate of several tens to one. In December last year, ‘Siheung Janghyeon Yoosung Hannaedeul First Park’ in C-4 Block saw 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 was an astonishing 159.87 to 1 (for the 104㎡ exclusive use type).

Moreover, premium prices of up to several hundred million KRW have been formed on apartments with pre-sale rights. According to Naver Real Estate, the ‘Siheung Janghyeon Jeil Poonggyeongchae Centum’ 84㎡ exclusive use type, scheduled for occupancy in October 2021, is currently priced between 680 million KRW and up to 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, which has already opened, and the highly anticipated Wolgot-Pangyo Line and Sinansan Line all pass through, making it a key area in the southwestern metropolitan region. 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 is currently selling 747 units of ‘Siheung Janghyeon Youngmoo Yedam’... First priority subscription applications accepted on the 31st

In this Siheung Janghyeon District, Youngmoo Construction is drawing attention with the sale of ‘Siheung Janghyeon Youngmoo Yedam.’ The complex will be built on B-9 Block of Siheung Janghyeon District, consisting of 8 buildings from basement level 1 to 25 floors above ground, totaling 747 households. All units are composed of a single preferred exclusive area of 84㎡, which is favored by consumers.

Siheung Janghyeon Youngmoo Yedam 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 good accessibility to Seoul.

Additionally, the complex is surrounded by abundant natural environments. Janggokcheon Stream flows right next to it, offering views of the stream. 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 excellent. Jinmal Elementary School and Janggok Middle School are nearby, and kindergarten and elementary school sites as well as a high school site are planned in the vicinity, enabling safe walking commutes. The complex also enjoys close proximity to various living infrastructure facilities. A central commercial district with large marts and private hospitals is nearby, allowing convenient access.

A sales official said, “This sales complex is highly anticipated as the last private pre-sale station-area complex to be developed in the increasingly popular Siheung Janghyeon District. Especially, it is attracting great interest because it is located in a prime area where education, nature, and living infrastructure are all close by.”

The average sale price per 3.3㎡ of the complex is around 12.7 million KRW. Compared to the recent average sale price of around 13 million KRW in Siheung Janghyeon District, this is considered competitive.

The upcoming subscription schedule starts with special supply applications on the 30th (Monday), followed by first priority subscription applications on the 31st (Tuesday), and second priority subscription applications on April 1st (Wednesday). The announcement of successful applicants will be on April 7th (Tuesday), and the official contract period will be from April 20th (Monday) to April 22nd (Wednesday) for three days.

The model house for Siheung Janghyeon Youngmoo Yedam is located at 353 Janghyeon-dong, Siheung City. The model house will be open for viewing only to successful applicants after the announcement of winners, and detailed information such as virtual reality (VR) videos, location, complex layout, and special features can be checked through the website.

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