Dongtan Home Prices Soar with GTX and Shuttle Station Zone Appeal... 'Dongtan Paragon 3rd Phase' Sales Heat Up

Dongtan Apartment Prices Surge 1.98% in a Week, Highest Since 2021
Driven by Semiconductor Bonuses and More

'Dongtan Paragon 3rd Phase' Draws 150 Visitors on Weekdays, 500 on Weekends
Emerges as a Prime Shuttle Station Zone Complex

The apartment market in the Dongtan area of Hwaseong, Gyeonggi Province, saw a record-breaking surge in the second week of June (as of the 8th), with sales prices jumping by 1.98% in just one week. According to the weekly apartment price trend survey by the Korea Real Estate Board, this figure is three times the previous week's increase (0.60%) and marks the highest weekly growth rate since 2021.

The boom in the semiconductor industry is cited as the primary reason behind this upward trend. As Samsung Electronics and SK hynix have decided to pay out large-scale performance bonuses this year, there has been an influx of buyers into the so-called 'Shuttle Station Zone' (areas near shuttle bus stops and subway stations) in Dongtan, which is close to these companies' facilities. During the same period, apartment prices in other areas of the southern Gyeonggi semiconductor belt—Bundang in Seongnam (0.62%), Dongan in Anyang (0.40%), and Yeongtong in Suwon (0.34%)—also rose, supporting this trend.

Record-high transactions are also continuing. According to an analysis by Zigbang, a real estate platform, of the Ministry of Land, Infrastructure, and Transport’s actual transaction data, the proportion of apartment transactions in Dongtan District, Hwaseong, at record-high prices reached 12.0% in May, up 11 percentage points from a year earlier.

In fact, data from the Ministry of Land, Infrastructure, and Transport’s public transaction system shows that an 84-square-meter unit at Dongtan Station Lotte Castle, located in Yeoul-dong, Dongtan District, Hwaseong, was sold this month for KRW 2,225,000,000, setting a new record. This is an increase of about KRW 245,000,000 compared to the previous transaction in May at KRW 1,980,000,000, within a single month.

A 99-square-meter unit at Dongtan Station Siheom Bando Ubora I-Park 1.0 in Cheonggye-dong, Dongtan District, was also sold for KRW 1,300,000,000 on the 20th of last month, setting a new record. This is an increase of KRW 180,000,000 (about 16.1%) in just over two months compared to a transaction of the same unit type at KRW 1,120,000,000 on March 26 this year.

Given that the creation of high-tech industrial complexes leads directly to the creation of large numbers of high-income jobs, the influx of young buyers in their 30s and 40s with strong purchasing power is expected to continue. This is not merely temporary investment demand, but is supported by solid end-user demand, making it a strong factor supporting the medium- to long-term upward trend in the Dongtan real estate market.

The heated market atmosphere is also evident at new housing development sites. A news program aired on June 11 spotlighted the rise in Dongtan home prices and the excitement over new developments centered around the Shuttle Station Zone, covering the model home of 'Dongtan Paragon 3rd Phase,' which continues to see strong demand from employees of major companies. The model home reportedly receives an average of 150 visitors per day on weekdays and more than 500 on weekends, indicating strong interest from genuine buyers.

'Dongtan Paragon 3rd Phase,' supplied by Line Industry, will be located in the Dongtan 2 District of Hwaseong, Gyeonggi Province. The development consists of 18 buildings with up to 20 floors above ground and two basement levels, offering a total of 1,247 units with exclusive areas of 82 to 108 square meters, primarily composed of the highly sought-after medium-to-large unit types.

The complex is situated in a prime Shuttle Station Zone location that covers both Dongtan 1 and 2 new towns and Byeongjeom, and is expected to attract strong demand from employees of major corporations. Residents will be able to quickly access Suseo and the Gangnam area via the GTX-A and SRT lines at Dongtan Station. In addition, the planned introduction of the Dongtan city tram, the construction of the Namsa Tunnel, and the early opening of Local Roads 82 and 84 will further strengthen the conditions for convenient commutes to the Yongin Semiconductor Mega City.

Residential stability is also a strength. The project is being offered as a publicly supported private rental, allowing residents to live stably for up to 10 years before converting to ownership. During the rental period, there is no burden of acquisition tax, property tax, or comprehensive real estate tax, and the property is excluded from the count of owned homes. Additionally, the initial financial burden is reduced with a reasonable deposit compared to the surrounding market rents, and qualification requirements have been relaxed for this supply, allowing current homeowners to sign contracts.

The development also boasts comprehensive living infrastructure and strong product appeal. Major shopping facilities such as Lotte Department Store Dongtan and Emart Traders are nearby, and Daol Elementary School is set to open in September, providing excellent educational conditions. The complex features a park-style design with a low building coverage ratio in the 12% range, 1.42 parking spaces per unit, and a 3.5–4 bay cross-ventilation layout (except for some units). A variety of community amenities, including a fitness center and indoor golf practice range, are also planned.

The Dongtan Paragon 3rd Phase model home is located in Osan-dong, Hwaseong, Gyeonggi Province.

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