Areas Using Seoul Area Code '02' in Gyeonggi-do... Distinctive Price Increase Trend

Aerial view of DMC River Park Xi and DMC River Foret Xi from above (Photo by GS Construction)

Aerial view of DMC River Park Xi and DMC River Foret Xi from above (Photo by GS Construction)

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There is a growing interest among consumers in areas within Gyeonggi-do that use the Seoul area code ‘02’. Although these areas belong administratively to Gyeonggi-do, they share the Seoul area code, providing accessibility to Seoul and allowing residents to share various living infrastructures.


In fact, areas in Gyeonggi-do that use the 02 area code have recorded high increases in housing prices. According to data from Real Estate 114, over the past two years (January 2018 to January 2020), apartment prices in Gwangmyeong-si and Gwacheon-si in Gyeonggi-do rose by 20.58% and 27.89%, respectively, significantly surpassing the overall price increase rate in Gyeonggi-do (12.12%).


These areas are preferred by consumers because they are adjacent to Seoul and share not only the area code but also various living infrastructures.


According to the Ministry of Land, Infrastructure and Transport’s actual transaction price data, an 84㎡ unit in ‘Samsong 2nd I-Park’ (built in 2015) located in Samsong-dong, Deogyang-gu, Goyang-si, Gyeonggi-do, was traded for 680 million KRW (2nd floor) in February. This is an increase of 110 million KRW, or 19.28%, compared to the 570 million KRW transaction price (2nd floor) in February last year. Samsong-dong in Deogyang-gu also uses the 02 area code and borders Eunpyeong-gu, Seoul, allowing residents to share the living area.


GS Construction plans to sell two complexes, ‘DMC River Park Xi’ and ‘DMC River Foret Xi’, in April at A4 and A7 blocks in Deogeun District, Deogyang-gu, Goyang-si, Gyeonggi-do. DMC River Park Xi at A4 block will consist of 6 buildings, from basement level 2 to 24 floors above ground, with 702 households ranging from 84 to 99㎡ in exclusive area. DMC River Foret Xi at A7 block will have 5 buildings, from basement level 2 to 24 floors above ground, with 318 households of 84㎡ exclusive area.


Deogeun District uses the Seoul area code 02 and is adjacent to Sangam-dong, Mapo-gu, Seoul, sharing the Seoul living area. From Deogeun District, residents can reach Gangseo-gu, Seoul, via the Gayang Bridge, and it is easy to access major areas of Seoul using roads such as Jayuro, Olympic-daero, and World Cup-ro.


Due to its excellent accessibility to Sangam, Seoul, residents can utilize the existing infrastructure of Sangam. Within Sangam DMC are headquarters of various media and broadcasting companies such as MBC Headquarters, KBS Media Center, JTBC, and CJ E&M Center, providing a convenient live-work environment. Additionally, various commercial and convenience facilities near Digital Media City Station and Susaek Station can be shared.



Meanwhile, on the online homepage of DMC River Park Xi and DMC River Foret Xi, an event is being held where customers who participate in a survey are entered into a draw to receive Happy Money gift certificates.


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

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