Key Transportation Hub in Southwest Seoul Metropolitan Area, Siheung Janghyeon District... Interest in ‘Cityfront Cube & Calio’

Commercial Facilities Enjoying Location, Specialized Design, and Stable Demand Are Popular

Recently, the real estate market in the southwestern Gyeonggi region, where the Sinansan Line and Wolgot-Pangyo Line are scheduled to open, is gaining popularity. This is because the transportation environment in areas such as Seoul, Gwangmyeong, Anyang, and Bundang is expected to improve significantly, increasing the regional value of this area.

A representative area attracting attention is Janghyeon District in Siheung City, Gyeonggi Province. It is considered the biggest beneficiary of the Sinansan Line, scheduled to open in 2024, and the Wolgot-Pangyo Line, scheduled to open in 2026. In fact, using the Sinansan Line, it will take only 10 minutes to travel from Siheung Janghyeon District to Gwangmyeong Station and 30 minutes to Yeouido. Additionally, the government is discussing the second phase of the Sinansan Line, which would extend the route to Seoul Station, further enhancing the transportation network.

Using the Wolgot-Pangyo Line will drastically reduce travel time between Siheung and Pangyo from the current 1 hour 30 minutes to 30 minutes. Moreover, the Seohae Line, opened in 2018, allows free movement to Bucheon and Ansan, making this area a key transportation hub in the southwestern metropolitan area.

For these reasons, as many people gather in Siheung City, the population is also showing a significant increase. According to the resident registration population status from the Ministry of the Interior and Safety, Siheung City's population was about 403,000 in 2016, but it rose to 512,000 in 2021, marking a 27% increase in just five years.

As the residential environment in Siheung Janghyeon District improves due to transportation benefits and the population grows, interest is also rising in ‘Cityfront Cube & Calio,’ which boasts a triple station area including Siheung City Hall Station.

‘Cityfront Cube & Calio,’ located in the Janghyeon District of Siheung City, Gyeonggi Province, will have a total floor area of 26,378㎡, with 5 basement floors and 10 above-ground floors, comprising 422 office units and 36 neighborhood living facilities. The office section was sold out early, and the commercial facilities are currently about to be offered for sale.

The commercial facilities are situated in a triple station area served by the Sinansan Line, Wolgot-Pangyo Line, and Seohae Line, and are adjacent to a complex transfer center that offers various transportation options, making it expected to form a vibrant commercial district with continuous foot traffic 365 days a year.

Additionally, the complex administrative town, which includes the city hall, provincial office, and police station, is located nearby, providing abundant demand from the surrounding area. Typically, when complex administrative institutions are nearby, related workers and tax professionals gather, increasing foot traffic.

‘Cityfront Cube & Calio’ also features a specialized design to enhance differentiation. From the entrance, a gate with a distinctive design strengthens access and attraction, and the design is inspired by Finnish sensibilities of aurora, sound, and forest natural scenery, creating a lively space that is expected to increase dwell time.

Specialized MD services that provide stable income are also available. The master lease is managed by Avison Young, a global real estate leasing company, ensuring stable income and fixed office demand for ‘Cityfront Cube,’ which is expected to attract significant interest.

Another merit is that it is subject to fewer regulations compared to housing. Anyone aged 19 or older can apply without a subscription savings account, and it is not counted as housing, making it highly attractive to people in their 20s and 30s with low scores or homeowners.

Meanwhile, Cityfront Cube is currently operating a promotional center.

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