Byeongjeom Station Area Nears 900 Million Won Era... 'Osan Heritage Xi' Offers Pre-Interim Loan Resale Opportunity

One Month After Regulation Designation:
Byeongjeom-gu Surpasses Dongtan in Price Growth, Osan Sees Five Consecutive Weeks of Increases

Byeongjeom Station Area Draws Attention with GTX-C Extension Plans
and Complexes Allowing Pre-Sale Transactions Before Interim Payments

Osan Heritage Xi Model House Exterior (Provided by GS Construction)

Following the designation of Hwaseong Dongtan and Yongin Giheung as regulated areas at the end of June, a spillover effect has been observed, with demand flowing into adjacent non-regulated areas such as Byeongjeom and Osan. In particular, the Byeongjeom Station residential zone, which is further boosted by the prospects of the GTX-C line extension, continues to garner attention due to rising housing prices and record-high transaction prices.

According to the Korea Real Estate Board’s property statistics, as of the fourth week of July, the apartment sales price index for Byeongjeom-gu, Hwaseong, increased by 0.36% from the previous week, surpassing the 0.15% increase recorded in Dongtan-gu over the same period. Similarly, neighboring Osan has seen its apartment price index rise for five consecutive weeks since the upward shift at the last week of June.

These trends are evident in on-the-ground market data as well. According to Asil, a real estate big data platform, as of August 3, the number of apartments for sale in Byeongjeom-gu, Hwaseong, dropped by 14.5% (from 1,759 units to 1,504 units) compared to a month earlier, ranking third in terms of sale listing decline among the districts in Gyeonggi Province. Adjacent Osan saw a 9.3% reduction (from 3,829 units to 3,475 units) over the same period, ranking ninth statewide.

Actual transaction prices are also on the rise. For example, a 84㎡ unit in Byeongjeom Station I-Park Castle, considered a leading apartment in the Byeongjeom Station residential area, set a new record in July at 880 million won. KB Real Estate data on August 3 indicated that low-level 84A units are priced around 850 million won, and mid-level or higher floors are going for 900 million to 1 billion won, which suggests that the local market is on the verge of entering the "900 million won era."

Large-scale branded complexes in non-regulated areas with improved transportation infrastructure are now evaluated as 'safe assets' that meet both end-user and investment needs.

A nearby real estate agent stated, "Since the designation of the area as a regulated zone, inquiries about the Byeongjeom Station residential area have been steadily increasing. As the area shares some of the Dongtan amenities but faces fewer restrictions, there has been an uptick in interest from genuine homebuyers."

As interest in the Byeongjeom Station area grows, new housing supply is following suit.

A prime example is "Osan Heritage Xi," a development by GS Construction in Yangsan-dong, Osan, Gyeonggi Province. The project will consist of 22 buildings ranging from two basement levels to 27 above-ground floors, totaling 1,783 units. Block 1 will have 1,069 units, and Block 2 will have 714 units. The majority of units are mid to large-sized, including 75㎡, 84㎡, 102㎡, 124㎡, and 166P㎡, which are highly favored by end-users.

The complex is strategically located at the center of the Byeongjeom Station residential area, giving residents convenient access to both Byeongjeom and Dongtan’s lifestyle infrastructure. It is close to the Byeongjeom Complex Town central business district, U&I Center, I-Dream Center, and Yangsan Library, as well as Dongtan New City's infrastructure, including Dongtan Central Park and Metapolis. Schools such as Yangsan Elementary School (tentative name, planned) and Yangsan Middle School (scheduled to open in 2027) are within walking distance, making it attractive for families seeking strong educational environments.

Transportation conditions are also excellent. Residents benefit from the Seoul Metropolitan Subway Line 1 and Byeongjeom Station, with various projects underway including the GTX-C extension, the planned Dongtan Urban Railroad Tram, and the planned extension of Line 1 to Dongtan Station. Additionally, the Second Ring Expressway (Bongdam–Dongtan) and Osan-Hwaseong Expressway are available, with further macro-transportation improvements in progress, such as the planned Osan–Yongin Expressway and construction of a road connecting Yangsan-dong to National Road No. 1, scheduled to open in 2026.

The contract terms are also drawing attention. The deposit is set at 10% of the sale price, with a fixed first installment of 10 million won. Another notable feature is the six-month resale restriction applied from the initial winner announcement date, July 28, 2026, which allows a change in ownership of the pre-sale right before the interim payment loan is executed. This approach is designed to reduce interim payment loan interest burdens and enhance financial flexibility, appealing to both end-users and investors.

An industry official commented, "Recently, as housing prices rise and regulations are tightened in the Seoul metropolitan area, demand has been shifting to adjacent non-regulated areas. Going forward, large branded complexes with robust transportation connectivity and close proximity to workplaces are likely to continue attracting the attention of genuine homebuyers, even as they share infrastructure with nearby regulated districts."

Meanwhile, from August 1 to 17, a prize event will be held every weekend and public holiday for visitors to the model house. A variety of prizes will be awarded through a draw, and more detailed information is available on the Osan Heritage Xi website.

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