Confirmed Early Construction of GTX-B Line Sparks Flood of Purchase Inquiries, Masok Station Area 'Believe Centhi' Gains Attention as Beneficiary Site

- 50 minutes from Songdo to Maseok, 27 minutes from Maseok to Seoul Station, 10 minutes from Yeouido to Cheongnyangni... Improved Seoul accessibility
- Excellent quality expected as VILLIV, Shinsegae Construction's residential brand, undertakes construction

On the 7th, the Ministry of Land, Infrastructure and Transport announced that it will simultaneously commence early construction of both the private and public sections of the GTX-B line in the first half of 2024 to expedite the expansion of GTX.

The GTX-B line project connects the central business districts of Seoul east to west, stretching from ‘Maseok Station’ in Namyangju-si, Gyeonggi-do to ‘Songdo Station (Incheon National University Station)’ in Songdo International City, Yeonsu-gu, Incheon. The total length is 82.7 km, with 14 stations and one train depot planned. The private section covers 62.8 km, including Incheon National University Station~Incheon City Hall~Bupyeong~Yongsan and Sangbong~Maseok, while the public section covers 19.9 km between Yongsan and Sangbong.

The opening of this line is expected to significantly improve accessibility to downtown Seoul. Travel times are anticipated to be reduced to 50 minutes from Songdo to Maseok, 27 minutes from Maseok to Seoul Station, and 10 minutes from Yeouido to Cheongnyangni, with an estimated average daily ridership approaching 300,000 passengers.

As a result, attention is focused on the real estate market in areas served by the GTX-B line connecting the northwest and northeast parts of the metropolitan area. In particular, the Maseok Station area in Namyangju, which is a non-regulated zone benefiting from transportation development, is gaining attention.

According to the Korea Real Estate Board, based on these transportation benefits, the ‘Maseok Hills Park Prugio’ with an exclusive area of 84㎡ in Hwado-eup, Namyangju, was traded in the early 300 million KRW range in June 2020 but is now trading in the mid-500 million KRW range, drawing attention. Additionally, the ‘Namyangju Raon Private Complex 5’ with an exclusive area of 84㎡ was traded at 320 million KRW in February 2020 but recorded a new high at approximately 644 million KRW in May this year and has maintained its price since then.

An industry insider said, “Following the news of the early construction of the GTX-B line, which is driving recent housing price increases in the metropolitan area, demand is high for new apartment complexes around Maseok Station,” adding, “Especially as accessibility to Seoul improves significantly, inquiries from homebuyers commuting to and from the metropolitan area continue.”

Meanwhile, Shinsegae Construction is currently selling the landmark residential-commercial complex Villiv Centhigh near Maseok Station in Namyangju-si, Gyeonggi-do.

The complex is located in Maseok-ri, Hwado-eup, Namyangju-si, Gyeonggi-do, consisting of three buildings ranging from five basement floors to 29 above-ground floors, with 250 residential units sized between 84 and 98㎡ and neighborhood living facilities.

Villiv Centhigh is expected to directly benefit from the early opening of GTX-B. As a station-area complex within walking distance of Maseok Station, the opening of the GTX-B line is expected to greatly enhance accessibility to Seoul, allowing travel to Seoul Station in about 20 minutes and Yeouido Station in about 30 minutes.

Currently, commuting to Seoul and the metropolitan area is convenient via transfers using the Gyeongchun Line to Sinnnae Station on Line 6, Mangu Station on the Gyeongui-Jungang Line, Sangbong Station on Line 7, and Cheongnyangni Station on Line 1 and the Suin-Bundang Line. Numerous express bus routes are also available near the complex, enabling travel to areas such as Jamsil and Gangnam within 30 minutes. Additionally, access to Maseok-ro, Gyeongchun-ro, National Road 46, and the Seoul-Yangyang Expressway is easy, facilitating convenient travel throughout Namyangju and the metropolitan area, as well as visits to major domestic tourist cities like Gapyeong, Chuncheon, and Yangyang.

Moreover, the educational environment is excellent. It boasts a one-stop academic zone with prestigious schools gathered in one area, including Simseok Elementary School, the only private elementary school in the northern Gyeonggi region, as well as Simseok Middle School and Simseok High School. The academy district, including these schools, is also within walking distance, attracting significant interest from parents raising children.

Villiv Centhigh is constructed by ‘VILLIV,’ Shinsegae Construction’s residential brand, which has become one of Korea’s leading construction companies by successfully completing numerous projects, ensuring excellent product quality.

First, the complex is the tallest in Maseok, securing excellent views, and is expected to become a landmark residential complex representing the Maseok area through its luxurious exterior design. Most units are oriented southward to maximize sunlight and natural lighting, and the complex consists of medium to large-sized units that are rare in the area, continuously attracting demand.

Meanwhile, Hwado-eup, Namyangju-si, where Villiv Centhigh is located, is a non-regulated area, offering various advantages. The loan-to-value ratio (LTV) is applied up to 70%, pre-sale rights can be transferred, and loans are available even for multi-homeowners, making it free from various regulations. Additionally, Villiv Centhigh offers financial benefits such as a fixed contract deposit of 10 million KRW, making it easier to prepare funds for home purchase.

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