Rapid Transit Network Greatly Enhances Seoul Accessibility... Yangpyeong Housing Market Competitiveness Up

Hanla Co., Ltd. (formerly Hanla Construction) to Launch Large-Scale Sale of 1,602 Units at ‘Yangpyeong Station Hanla Vivaldi’ Next Month

Yangpyeong Station Hallabibaldy Rendering (Provided by Hanla Co., Ltd. (formerly Hanla Construction))

The apartment sales market in the northern Gyeonggi region is heating up amid a flood of transportation network development benefits. This is because real demand buyers fleeing Seoul due to the rapid rise in housing and jeonse prices are flocking to areas where transportation infrastructure expansion is planned. As various transportation networks connecting to Seoul are established, accessibility to Seoul improves significantly.

Paju, Yangpyeong, and Namyangju in northern Gyeonggi have not been popular among real demand buyers due to insufficient transportation networks connecting to Seoul. However, recently, with various transportation development benefits such as GTX and highways, apartment prices have been on the rise, and the number of real demand buyers visiting the sales market has increased significantly.

Real estate experts emphasize, "Fast transportation networks connecting Seoul and nearby cities are key factors that increase the future value of apartments," adding, "Real demand buyers looking to purchase homes in the Gyeonggi area should pay attention to sales markets in regions where highway or railway network construction projects are planned."

- Various transportation development benefits improve Seoul accessibility

Among the northern Gyeonggi sales markets adjacent to Seoul, Yangpyeong stands out as a place attracting attention due to transportation network development benefits. Yangpyeong boasts pristine natural surroundings, affordable sales prices, and various transportation network expansions, attracting many buyers. Above all, the various transportation development benefits significantly improve accessibility to Seoul, acting as a factor that draws real demand buyers.

In fact, the dense transportation network expansion projects connecting Yangpyeong with Seoul and the metropolitan area are gaining momentum. The expansion of National Road No. 7 between Yangpyeong and Yeoju and the expansion of Yanggeundaegyo Bridge are representative transportation development benefits that are bearing fruit one by one. Especially, the long-awaited Seoul-Yangpyeong highway (27 km) construction project is currently undergoing a preliminary feasibility study. If the preliminary feasibility review passes, it will be possible to reach Seoul by car within 20 minutes.

Along with this, the Metropolitan Area 2nd Ring Expressway section from Yangpyeong to Hwado, which will quickly connect metropolitan cities, is under construction aiming for opening at the end of 2022, and the Yangpyeong to Icheon section aims for opening at the end of 2025. Expansion of National Road No. 88 (section from Toechon to Yanggeundaegyo Bridge), four-lane expansion of Yanggeundaegyo Bridge, and expansion work on National Road No. 37 are also underway.

With such various land transportation networks established, Yangpyeong will have a well-connected transportation network. Existing railway networks such as KTX and Gyeongui-Jungang Line subway and road networks will be densely established, greatly improving accessibility to Seoul, transforming Yangpyeong from a rural city into a satellite city of Seoul.

Sales market heats up, attracting attention from real demand buyers fleeing Seoul and investors

As transportation development benefits increase in Yangpyeong, apartment sales are also following one after another. Construction companies are actively targeting real demand buyers fleeing Seoul by emphasizing Seoul accessibility, pristine natural environment, and affordable sales prices.

Hanwha Construction sold 438 units of 'Forena Yangpyeong' in Changdae-ri, Yangpyeong-eup, in September last year, followed by Bando Construction supplying 740 units of 'Yangpyeong Damun District Bando U-Bora Ivy Park' in Damun-ri, Yangpyeong-eup, in December last year. Especially, Bando U-Bora Ivy Park recorded an average subscription competition rate of 1.5 to 1 and completed contracts for all units within five days of contract signing. Industry insiders evaluate that it is very unusual for apartments sold in Yangpyeong to be fully contracted in a short period.

Halla Co., Ltd. (formerly Halla Construction) will also launch a large-scale branded apartment 'Yangpyeong Station Halla Vivaldi' near Yangpyeong Station next month. It boasts the largest scale in Yangpyeong with 16 buildings from basement 2 to ground 20 floors, totaling 1,602 units, including 750 units in Phase 1 and 852 units in Phase 2.

'Yangpyeong Station Halla Vivaldi' is equipped with abundant greenery around the complex as well as various eco-friendly facilities within the complex. A '1,000㎡ natural grass plaza' (Vivaldi Plaza) capable of hosting various events will be created in the center of the complex, along with a '100m track' for residents' health and a 'Breathing Forest' planted with fir trees over an area of 1,000㎡ for forest bathing. 'Fine dust traffic lights' that indicate fine dust concentration will be installed in all playgrounds.

Specialized educational items are applied to 'Yangpyeong Station Halla Vivaldi.' The small library includes a reading lounge, 1:1 & group study rooms, and individual reading rooms. A school station, a safe space ensuring children's safe commute routes, will also be installed.

Within the complex, a 'forest library' and a 'Vita Garden' for hobby gardening and crop cultivation will be created to foster communication among residents and provide a vegetable garden for children's education.

The interior units have expanded living areas through front and rear extensions. Wide design has been applied to make the master bedroom and kitchen comfortable, and storage spaces have been arranged considering movement lines to provide an efficient kitchen environment. In Buildings 101 and 201, a viewing caf? and guest house with views of the Namhan River will be located on the top floor, the 20th floor.

Energy-saving features such as first-grade eco-friendly boilers, temperature controllers in each room, and standby power cut-off switches are applied to enable energy savings per household. The One Pass system, which allows automatic elevator calls, parking location recognition, and common entrance opening and closing with a single remote control, is also applied. An optional clean ventilation system that automatically adjusts indoor air quality according to the indoor environment is available.

This apartment is close to Yangpyeong Station, which allows commuting to and from Seoul. Using KTX, it is possible to reach Cheongnyangni Station within 20 minutes. Also, it is excluded from the government's expanded metropolitan area sales rights resale prohibition announced last year, allowing resale of sales rights six months after the winner selection date. There are no restrictions on re-winning, and the loan-to-value ratio (LTV) is applied up to 70%. Due to relatively free subscription conditions, it is expected to attract interest not only from nearby real demand buyers but also from investors.

A sales official from Halla Co., Ltd. said, "Yangpyeong, which has been spotlighted as a new residential complex in the metropolitan area due to its pristine natural environment, is expected to see high relocation demand from residents of Seoul's Songpa, Gangdong, and Gangbuk areas as well as metropolitan area real demand buyers, thanks to various transportation development benefits."

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