Seo-gu, Incheon, where ‘reverse drama’ was written … 41% rise in apartment prices in the last 3 years



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A perspective view of the First Yemiji Forest in Geomdan New Town.  Source = Venus Swan
A perspective view of the First Yemiji Forest in Geomdan New Town. Source = Venus Swan

[이코노믹리뷰=이소현 기자] Apartment prices in Seo-gu, Incheon were found to have risen 41% in the past three years and have risen faster than in the Seoul area.

As a result of analysis of real estate statistics conducted by Real Today, a real estate research firm on the 15th, the median sales price of apartments in Seo-gu, Incheon, has increased 41% in the last three years (February 2018 to February 2021). ).

This is higher than the 32% increase in the average price of apartments in Seoul during the same period. In addition, Incheon (31%) and nationally (28%), as well as Gyeonggi-do, where the average price of apartments increased by 38%, did not exceed Seo-gu, Incheon.

In Seo-gu, Incheon, once called the tomb of unsold sales, the performance of the pre-sale market is changing dramatically. A total of 8 complexes were sold in this area last year, and 11.56 people flocked to recruit 5,649 households, registering an average 19.5-to-1 underwriting competition rate.

‘Gumam Station Royal Park City Prugio Complex 1’, which was sold in June last year, recorded an average competition rate of 30.7 to 1 with 4,7281 people recruiting from 1,538 households. At the same time, 7,346 people signed up, showing an average competition rate of 27.2: 1.

The home price of the individual complexes was found to be a multi-billion dollar premium as well. The 84th (12th floor) exclusively for Cheongna International City ‘Cheongna Hoban Verdium (29 blocks)’ sold in 2009 sold for 640 million won last month. It increased more than 200 million won from the 435 million won (second floor) sold in the same month last year.

The same goes for sales rights. The 84㎡ (24 floors) dedicated to Geomdan New Town’s Lakeside Summit 1st, sold in October 2018, recently sold for 1 billion won. This is an amount with a premium of more than 550 million won compared to the presale price.

Experts believe that as accessibility from Seoul to Seoul became more convenient due to the improvement of the transportation network in Seo-gu, Incheon, housing preferences increased, leading to an increase in housing prices. apartments. Currently, in Seo-gu, Incheon, various traffic concessions continue, such as the Incheon Urban Railway Line 1 Geomdan Extension Project and the Seoul Subway Line 7 Extension Project.

First, in the new city of Geomdan, the opening of Incheon Subway Line 1 Sinseol Station is scheduled for 2024. Once completed, it will be possible to move from Gyeyang Station to Magok in 10 minutes, Seoul Station in 30 minutes and Gangnam in 40 minutes. In addition, the wide-area highway between Wondang and Taeri, which connects directly with the Olympic Highway, is being promoted with the aim of opening it in 2023, and the accessibility to Seoul is expected to improve considerably.

In the international city of Cheongna, a project to expand line 7 of the Seoul subway is scheduled to continue. When this line is entered, access from Cheongna City International Station to the Gasan Digital Complex in Seoul will be accessible in 40 minutes, and the Gangnam Express Bus Terminal Station in Seoul will be accessible in one hour. Currently, Seoul Line 7 is operating from Jangam Station to Bupyeong-gu Office Station, and a project runs from Bupyeong-gu Office Station to Seoknam Station in Seo-gu, Incheon It is under construction with the goal of opening in the first half of this year. Here, the Cheongna Extension Line runs from Seoknam Station to Cheongna International City Station on the Airport Railway.

In addition, there are traffic benefits such as the Incheon City Rail Line 2 extension, the direct Incheon Airport Rail connection and Subway Line 9, and recently the GTX-D route from Gimpo via Bucheon, Sillim, Gangnam and Jamsil to Hanam. As a trade agreement was also signed, the expectations for Seo-gu, Incheon, are even higher.

A Real Today official said: “Incheon Seo-gu is expected to improve access to the city center in an increasingly convenient way.” Additionally, Geomdan New Town and Cheongna International City have residential infrastructure like planned cities, while providing a home at a relatively reasonable price compared to Seoul. As far as possible, the inflow of external demand will constantly increase. “

In the first half of this year, new supplies are also scheduled in Seo-gu, Incheon. Geumseong Swan plans to sell ‘Gumdan New City Yemiji First Fore’ at AB3-2 Block in Geomdan New City in April. It has a total of 1,172 homes with a total area of ​​76 to 102㎡, with 10 buildings, from 2 basement levels to 25 floors above the ground.

Umi Construction plans to sell ‘Umirin Park View’ in Geomdan New City on block AA8 this month. It consists of 2 floors below ground and 25 floors above ground, 12 buildings, 59-84㎡ of exclusive area, and a total of 1,180 homes. Geumgang Housing plans to supply ‘Incheon Geomdan Geumgang Penterium (provisional name)’ to the RC3 block and the RC4 block of Geomdan New Town. It is a multipurpose complex with 6 buildings, 35 floors above the ground and a total of 930 homes. Pre-sale is scheduled for block RC3 in April and for block RC4 in June.

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