Hyangdong District Commercial Area Duplex Office 'DMC First City' First Phase Successfully Closed with a Top Competition Rate of 42:1

[DMC First City Bird's-eye View]

‘DMC First City,’ located in Hyangdong, a new business district, successfully closed its first phase with a top competition rate of 42:1.

Amid the heated real estate market in areas where the 3rd New Town development is underway, the Goyang Changneung New Town area is expected to attract particular attention.

Especially since it is being built on a site of 2.46 million pyeong?more than 15 times the size of a new town standard after 25 years since Ilsan New Town?there are significant transportation benefits, including seven newly established subway stations.

Changneung New Town will secure 410,000 pyeong of self-sufficient land, 2.7 times larger than Pangyo Techno Valley. As a knowledge-based industrial special zone centered on venture companies and research institutes is planned, considerable positive effects are expected in adjacent areas as well.

Using the planned GTX-A line Changneung Station nearby, one can quickly reach key Seoul areas such as Seoul Station in 10 minutes and Yeouido in 25 minutes, greatly improving Seoul accessibility. The Goyang Line (targeted for completion in 2029) will connect Goyang City Hall as the starting point, passing through Changneung District and Hyangdong District, and linking to Saejeol Station (Seoul Subway Line 6).

Moreover, every year, with the commencement and confirmation of subway station projects, apartment prices in the surrounding area have risen by 200 million KRW each time. For example, the sale price for an 84m2 unit increased from 360 million KRW in 2019 to 1.1 billion KRW in 2022, and currently is valued at around 700 to 800 million KRW.

Because of this, interest in the Hyangdong District, located right next to Changneung New Town, is also growing. Hyangdong District is adjacent to Seoul’s Mapo-gu and Eunpyeong-gu and offers convenient access to Yeouido and Magok.

‘DMC First City,’ the first commercial area in Hyangdong District to feature all units with duplex specialized designs, offers offices with a generous floor height of 4.2 meters and section offices that can be adjusted in size according to business needs.

The complex will be developed on five basement floors to 15 above-ground floors, comprising 180 office units, 18 neighborhood living facilities, rooftop gardens, shower rooms, and various community amenities.

Nearby the complex are waterside parks, Hyangdongcheon Stream, Eunhaengsan Mountain, and Mangwolsan Mountain, ensuring a pleasant natural environment.

An official stated, “It has a wide-area transportation network and is located within an urban forest zone,” adding, “It has diverse development prospects and strong underlying demand.”

Meanwhile, the second phase of ‘DMC First City’ is scheduled to open in November, and a promotional center is currently operating.

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