Gyeonggi Paju-si Anticipates Expanded Metropolitan Transportation... 'ePyeonhan Sesang Heyri' Coincides with Completion Timing

- Expansion of transportation networks, improved metropolitan accessibility and residential convenience... Increase in regional and complex value
- ‘ePyeonhan Sesang Heyri’ GTX-A line, Subway Line 3 extension, and road network opening scheduled

Areas with transportation advantages are popular in the real estate market. This is because improved mobility and expanded living zones increase the value of the area and the complexes.

The same applies to the sales market. According to data from the Ministry of Land, Infrastructure and Transport's actual transaction price system, ‘Hanbit Maeul 4-danji Lotte Castle Park Town 2nd Phase (moved in April 2018)’ located in Yadang-dong, Paju-si, Gyeonggi-do, was traded at 570 million KRW (exclusive area 84㎡) in March this year, rising by 50 million KRW compared to February (520 million KRW, exclusive area 84㎡).

‘Unjeong New Town Central Prugio (moved in July 2018)’ located in Mokdong-dong, Paju-si, Gyeonggi-do, was also traded at 678 million KRW (exclusive area 84㎡) in the same month, increasing by 73 million KRW compared to January (605 million KRW, exclusive area 84㎡).

Since the opening of the Seoul-Munsan Expressway in 2020, Paju-si, Gyeonggi-do has been gaining more attention by securing various metropolitan transportation networks such as the GTX-A line connecting Paju Unjeong-Seoul Station-Samsung-Dongtan, the extension of Subway Line 3, and the Metropolitan Area 2nd Ring Expressway.

The industry views that in the metropolitan area, expectations for improved accessibility to Seoul amplify the impact of transportation benefits. The closer to Seoul, the more concentrated population inflow and infrastructure expansion occur, which is expected to increase the potential for regional development.

Accordingly, demand is rising for complexes where metropolitan transportation networks are being expanded. A representative example is ‘e-Pyeonhansesang Heyri’ currently being sold in Tanhyeon-myeon, Paju-si, Gyeonggi-do. Especially, various planned transportation network openings around the area are expected to coincide with the move-in time (May 2025), bringing significant benefits.

Nearby, the ‘GTX-A line’ Unjeong Station (scheduled to open in 2024), connecting Paju-Seoul Station-Samsung-Dongtan, is planned to pass through, which will enable travel from Paju Unjeong to Seoul Station in about 20 minutes once opened. Additionally, the Subway Line 3 extension project and the Metropolitan Area 2nd Ring Expressway (scheduled to open in 2024) are planned, making travel to metropolitan areas more convenient.

The existing transportation network is also well established. Access to Jayuro and Seoul-Munsan Expressway is easy via Seongdong IC and Sandan IC, facilitating convenient travel to Seoul and other metropolitan areas. Moreover, the Gyeongui-Jungang Line Geumchon Station and the metropolitan bus network connecting Yeouido and Gangnam are located nearby, providing excellent accessibility to Seoul.

The reasonable sale price compared to nearby market prices is another advantage. The sale price for an exclusive area of 84㎡ starts from the high 300 million KRW range to the low-to-mid 400 million KRW range, which is significantly lower than the ‘D Complex’ nearby, sold this month at 84㎡ exclusive area prices ranging from the mid-to-high 400 million KRW to the mid-500 million KRW range. Additionally, balcony expansion fees are provided free of charge.

Furthermore, only half of the 10% down payment, i.e., 5%, needs to be paid upfront, and the remaining 5% can be financed with an interest-free loan, reducing the financial burden. Compared to the deferred interest payment plans of surrounding complexes, e-Pyeonhansesang Heyri offers full interest-free intermediate payments and a fixed first contract payment of 5 million KRW, so even if interest rates rise later, there will be no impact from interest burdens.

e-Pyeonhansesang Heyri will be developed with 8 buildings ranging from 3 basement floors to a maximum of 25 floors above ground, totaling 1,057 households with an exclusive area of 84㎡. A housing exhibition hall is currently operating, and move-in is scheduled for May 2025.

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