Enjoying the Full Benefits of the Line 7 Extension: ‘ePyeonhansesang Bupyeong Grandhills’

The 4.2km first phase section of the Seoul Subway Line 7 extension, from Incheon Bupyeong-gu Office Station to Seoknam Station, is set to open next year and is significantly benefiting the nearby real estate market.

Currently, Line 7 operates 57.1km from Jangam Station to Bupyeong-gu Office Station, passing through key Gangnam areas such as Banpo and Cheongdam, which raises high expectations for the extension. In addition to the Incheon Bupyeong-gu Office Station to Seoknam Station section, a 15.3km extension connecting Seoul Dobongsan Station to Yangju Okjeong and Goeup districts is also under development, making the line expand broadly from the southwest to the northeast of the metropolitan area.

Among the extension areas, real estate located between Bupyeong-gu Office Station and Seoknam Station is undergoing a period of revaluation as the opening approaches. In particular, apartments around the planned Sangok Station between Bupyeong-gu Office Station and Seoknam Station have seen significant price increases due to the positive impact of the opening.

According to KB Real Estate Live On data, the ‘Sangok Prugio’ apartment in Sangok-dong, Bupyeong-gu, Incheon, with a 59㎡ exclusive area, had an average sale price of approximately 482.5 million KRW as of September. This is about 100 million KRW higher than a year ago (390 million KRW). The pre-sale right for the ‘Bupyeong I-Park’ apartment with an exclusive area of 84.67㎡, scheduled for occupancy next month, was sold for 450.75 million KRW in December 2018, but in September this year, it was transacted at 677 million KRW, showing a premium increase of over 200 million KRW in less than two years.

Because of this, newly supplied apartments in these areas have also attracted great attention from buyers. The ‘Bupyeong Doosan We've The Park,’ redeveloped from Sangok 4 District in Sangok-dong, Bupyeong-gu, and supplied last December, recorded a competition rate of 30.8 to 1 in the first priority subscription, with a maximum of 63.8 to 1.

Meanwhile, Daelim Industrial is drawing buyers’ attention by offering ‘e-Pyeonhansesang Bupyeong Granghills’ near the planned Sangok Station on the Line 7 extension this November. The complex consists of 31 buildings from 3 basement floors to 43 floors above ground, totaling 5,050 households, with 2,902 units (planned) ranging from 37 to 84㎡ exclusive area available for general sale. It is conveniently accessible on foot to the planned Sangok Station on Line 7 and is located in a redeveloped old town area through urban renewal projects, with abundant existing living infrastructure.

Thanks to the Line 7 extension, the living area of e-Pyeonhansesang Bupyeong Granghills is expected to expand not only to the southwestern Gyeonggi region but also to major business districts in Seoul. Most notably, once Sangok Station opens, it will take about 30 minutes to reach Gasan Digital Complex Station, attracting strong interest from commuters to Seoul. Currently, it takes 31 minutes from Bupyeong-gu Office Station to Gasan Digital Complex Station on Line 7, and Sangok Station is just one stop away from Bupyeong-gu Office Station.

A real estate official said, “With the development of the Line 7 extension, accessibility to Seoul is expected to improve further, drawing the attention of actual buyers to Bupyeong-gu. Especially, e-Pyeonhansesang Bupyeong Granghills, a large complex in a redevelopment area with high rarity value, is worth noting.”

Meanwhile, the housing exhibition hall will be located at 90-1 Pyeongcheon-ro, Bupyeong-gu, Incheon (next to Cheongcheon Elementary School) and is scheduled to open in November.

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