Which Complexes to Watch in the Northern Gyeonggi Real Estate Market Shaken by 'GTX'?

- Real Estate Market in Northern Gyeonggi Region Soars with GTX Line Introduction, GTX-C Line to Cut Travel Time from Uijeongbu Station to Samseong Station to About 16 Minutes
Busung General Construction Co., Ltd. and Daewoo Industrial Development Co., Ltd. Launch 'Ian The Metro' Near Uijeongbu Station on GTX-C Line, Drawing Attention

Following the commencement of construction on the GTX-A line, the selection of the preferred negotiation partner for the GTX-C line this month has caused the real estate market in the northern Gyeonggi region, where GTX lines will be established, to be abuzz day after day. GTX is expected to become a game changer in the real estate market as it is called a transportation revolution, drastically reducing access time to key areas in Seoul.

In fact, once the GTX-A line opens, it will take only 13 minutes to travel from Ilsan KINTEX to Seoul Station and 17 minutes to Samsung Station. Similarly, the GTX-C line will take about 16 minutes from Uijeongbu Station to Samsung Station.

Accordingly, apartment prices in the northern Gyeonggi region, where GTX lines are planned, have shown double-digit growth rates and a steep upward trend. According to KB Kookmin Bank’s Live Real Estate data, from January to May over five months, Goyang, where GTX-A is planned, rose by 13.6%, while Uijeongbu and Yangju, where GTX-C is planned, increased by 13.3% and 10.8%, respectively. Namyangju, where GTX-B is planned, also recorded a 10.8% increase.

Additionally, ‘KINTEX Kkum Egreen,’ located near the newly constructed Ilsan KINTEX station on the GTX-A line, was traded at an average of 890 million KRW for a 93㎡ unit in August 2019. After the full-scale construction began in July last year, the average price rose to 1.15 billion KRW, and in May of this year, it was traded at a whopping 1.7 billion KRW. This represents an increase of over 90% in just two years.

The same trend is seen in the sales market. Recently, a mixed-use apartment complex near Uijeongbu Station successfully closed its first-priority subscription with a competition rate of 44:1.

A real estate expert said, “The northern Gyeonggi region has excellent living environments but was relatively undervalued due to its physical distance from Seoul’s core business districts. However, in areas where GTX lines are newly established, accessibility to key Seoul areas such as Jongno and Gangnam is dramatically improved, leading to significant growth in their real estate markets.”

In this context, a new supply complex is attracting attention near Uijeongbu Station, where the GTX-C line is scheduled to open in July.

The protagonist is ‘Ian The Metro,’ introduced by Buseong General Construction Co., Ltd. and Daewoo Industrial Development Co., Ltd. This complex, located in the Ilwon area of Uijeongbu-si, Gyeonggi-do, consists of one building with three basement floors and 20 above-ground floors, comprising 170 apartments (with exclusive areas of 67, 68, and 69㎡) and 20 officetels (with exclusive areas of 83A/B, 84A/B, 84C/C-1, and 84D㎡), totaling 190 units.

The complex boasts excellent transportation as a triple station area with Uijeongbu Station and Ganeung Station on Seoul Metropolitan Subway Line 1, and Uijeongbu Jungang Station on the light rail. From Uijeongbu Station, it takes less than 10 minutes to reach Dobongsan Station, where transfers to Line 7 are possible, enabling rapid access to Seoul’s core areas where CBD and GBD are located.

In particular, with the opening of the GTX-C line planned at Uijeongbu Station, it will take only 16 minutes to reach Samsung Station in Gangnam-gu from Uijeongbu Station, making it a key transportation hub representing northern Gyeonggi. Additionally, easy access to the Guri-Pocheon Expressway and the Seoul Metropolitan Area 1st Ring Expressway ensures excellent car transportation throughout the metropolitan area.

Since Ian The Metro is located in the heart of Uijeongbu Station, residents can enjoy abundant living infrastructure nearby. Shinsegae Department Store Uijeongbu Branch is close, and Hanaro Mart is also located near the complex, making it a true mall zone. Moreover, the central commercial district of Uijeongbu Station, with cinemas, various eateries, and cafes, is adjacent and easily accessible. The area also boasts excellent school districts including Uijeongbu Jungang Elementary, Baeyoung Elementary, Daon Middle School, and Uijeongbu Girls’ High School.

Furthermore, the complex itself offers outstanding features. It is a pre-construction post-sale complex available for move-in in the second half of this year, allowing immediate resale without transfer restrictions. Additionally, options usually provided as paid extras, such as balcony expansion, system air conditioning, Samsung Bespoke refrigerators and kimchi refrigerators (in some units), Samsung Grande washing machines & dryers, ovens, and automatic sliding doors, are provided free of charge.

Moreover, the complex holds high future value due to large-scale development benefits. The adjacent former US military Camp LaGuardia site is planned to be developed into a park, parking lot, public office building, public sports center, and public housing, significantly improving the residential environment.

A sales official said, “The complex is located about 400 meters from Uijeongbu Station, where GTX-C will be newly established, making it a super-station area complex. As the GTX-C line progresses, its value is expected to be recognized and lead to price increases. Since it is already situated in a station area with Uijeongbu Station Line 1, Uijeongbu Light Rail Uijeongbu Jungang Station, and Ganeung Station, and offers access to Uijeongbu’s central infrastructure such as Shinsegae Department Store and Hanaro Mart, inquiries from actual buyers and investors continue.”

The Ian The Metro model house is located in Uijeongbu-si, Gyeonggi-do.

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