'ePyeonhansesang' Pyeongtaek Hwayang with Excellent Proximity to Work and Residence... Expected Increase in Asset Value
Multiple Industrial Complexes Including Nearby Pyeongtaek Port, Wonjeong District National Industrial Complex, and Hwanghae Free Economic Zone Poseung (BIX)
Recently, apartments near industrial complexes have been attracting significant attention from buyers in the real estate market. This is because they offer convenient commuting with excellent proximity to workplaces and have abundant demand, making it possible to expect stable asset value appreciation.
A representative example is Pangyo New Town in Bundang-gu, Gyeonggi-do, where Pangyo Techno Valley is located. The 1st and 2nd Pangyo Techno Valleys, backed by Pangyo New Town, house about 1,700 IT, BT, and CT companies of various sizes, including Kakao, NCSoft, and Nexon, employing approximately 72,000 workers.
This is reflected in market prices, with the average sale price of apartments in Baekhyeon-dong, Bundang-gu, Gyeonggi-do, where Pangyo New Town is located, reaching 2.20294 billion KRW as of June (based on KB Real Estate prices), showing an increase of about 530 million KRW compared to 1.67104 billion KRW two years ago.
Apartments near industrial complexes often record high competition rates in the sales market as well. Early this month, ‘Hillstate Hwanho Park’ supplied in Pohang-si, Gyeongbuk, attracted attention as a workplace-proximate apartment near Pohang National Industrial Complex and Yeongilman Industrial Complex, recording an average competition rate of 15.4 to 1 in the first priority subscription.
Additionally, ‘Seochungju Prugio The First,’ which accepted applications a month ago in Chungju-si, Chungbuk, is located near Chungju Advanced Industrial Complex and Chungju Megapolis, highlighting the expectation of abundant office worker demand. It recorded an average competition rate of 6.2 to 1 and a maximum of 81.2 to 1 in the first priority subscription.
As apartment complexes near industrial complexes gain popularity, DL Construction is drawing attention with the simultaneous July launches of 'e-Pyeonhansesang Pyeongtaek Laciello (Block 2-1)' and 'e-Pyeonhansesang Pyeongtaek Highcent (Block 4)' in the Hwayang district of Pyeongtaek, Gyeonggi-do. The complexes will be supplied as a large-scale development combining two blocks, consisting of 19 buildings from basement level 2 to 29 floors above ground, with units ranging from 59 to 84 square meters, totaling 1,979 households.
Both complexes are close to various industrial and business districts such as Pyeongtaek Port, Wonjeong District National Industrial Complex, Poseung National Industrial Complex, the Poseung (BIX) district of the Yellow Sea Free Economic Zone, and the planned Hyeondeok district of the Yellow Sea Free Economic Zone, raising expectations as residential areas supporting these zones. Additionally, the Pyeongtaek automobile cluster project (planned) and Pyeongtaekho tourism complex development are underway.
Transportation is also expected to become more convenient. The complexes are near Seopyeongtaek IC and the planned Pyeongtaek Port IC, making access to the Seohaean Expressway easy, and quick movement within Pyeongtaek is possible via National Routes 38 and 39. The Seohaean double-track railway Anjung Station (scheduled for 2023) is also planned to open.
Meanwhile, since the announcement dates for the two complexes differ, overlapping applications are possible. As nationwide subscription complexes, anyone aged 19 or older residing anywhere in the country can apply, not just Pyeongtaek citizens.
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The housing exhibition centers for e-Pyeonhansesang Pyeongtaek Laciello and e-Pyeonhansesang Pyeongtaek Highcent are scheduled to open in July.
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