16,000 New Homes Along Line 8... "Namhansanseong Entrance Station Hanshin The Hue Arkeul" Draws Attention

A wave of large-scale new apartment complexes is rising near Sanseong and Sinheung stations on Line 8... Transforming Seongnam's old downtown
Joining the wave of new urban renewal projects, Namhansanseong Entrance Station Hanshin The Hue Arkeul draws attention

Seongnam's old downtown area, served by Line 8, is being transformed into a new residential district through urban renewal projects. Large-scale apartment complexes built through redevelopment and reconstruction are opening one after another in station areas once densely packed with aging homes, improving the residential environment.

According to data from Real Estate R114, 16,594 households have moved into four large-scale complexes supplied through urban renewal projects since 2020 near Sanseong, Sinheung and Dandaeogeori stations on Line 8. That accounts for 61% of the 27,107 households that moved into homes across Seongnam from 2020 to 2023.

A representative example is Sanseong Station Forestia, a 4,089-household complex in Sinheung-dong, Sujeong-gu, which opened in 2020. In 2022, Haneulchae Landers One near Sinheung Station, a 2,411-household complex in Jungang-dong, Jungwon-gu, and e-Pyeonhansesang Geumbit Grand Maison, a 5,320-household complex in Geumgwang-dong, opened. In 2023, Xi Prugio Sanseong Station, a 4,774-household complex in Sinheung-dong, completed move-ins. Each of the four complexes has more than 2,000 households.

Home prices are also rising in the old downtown area as large-scale new apartment complexes continue to open. According to Real Estate R114, the average sale price of apartments in Jungwon-gu last month was 31.59 million won per 3.3 square meters, up 16.5% from 27.12 million won a year earlier. In Sujeong-gu, prices rose 17.9% over the same period, from 37.01 million won to 43.62 million won.

Urban renewal complexes in old downtown areas are attracting attention because residents can enjoy established neighborhood amenities while living in new apartments. Their advantage is that residents can use nearby stations, shopping districts, schools and hospitals as soon as they move in, without having to wait for new facilities to be developed.

With access to regional transportation continuing to improve, the new residential belt taking shape around Line 8 stations in Seongnam's old downtown area is expected to become a new residential hub in southern Gyeonggi Province, beyond simply improving the local environment.

Against this backdrop, Namhansanseong Entrance Station Hanshin The Hue Arkeul, a project being supplied through an urban renewal project near a Line 8 station, is drawing attention ahead of its scheduled sales launch this December. The new apartment complex will be located right by Namhansanseong Entrance Station, between Sanseong and Dandaeogeori stations.

Hanshin Engineering & Construction plans to launch sales of Namhansanseong Entrance Station Hanshin The Hue Arkeul this December in Geumgwang-dong, Jungwon-gu, Seongnam, Gyeonggi Province. The complex is being supplied through the Geumgwang-dong 4071 block-row housing redevelopment project. It will comprise three buildings, with three basement levels and 20 floors above ground, and will have 236 households with exclusive-use areas ranging from 15 to 104 square meters. Of these, 140 households are scheduled to be offered for general sale.

In Geumgwang-dong, where the complex will be built, block-row housing redevelopment, reconstruction and urban public housing complex projects are also underway, raising expectations for improvements to the residential environment as these projects progress.

Namhansanseong Entrance Station's Exit 2 is a five-minute walk from the complex, and Line 8 provides access to Jamsil Station in about 10 minutes. From Jamsil Station, passengers can transfer to Line 2, while Suin-Bundang Line services are available at Bokjeong Station, making it convenient to travel to major business and residential areas such as Gangnam and Bundang.

Seongnam Dong Elementary School and Seongnam Jungang Hospital are also within walking distance, right in front of the complex. Residents will have convenient access to large shopping facilities such as Save Zone and Emart, as well as the Wirye New Town shopping district, including Starfield City Wirye, which is accessible via Line 8. Nearby green spaces include Dandae Park and Norumok Park.

The promotional center for Namhansanseong Entrance Station Hanshin The Hue Arkeul is scheduled to open near Yatap Station on the Suin-Bundang Line.

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