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Among the three public housing sites announced by the government on the 24th, Gwangmyeong and Siheung districts in Gyeonggi-do are by far the most striking. This is because it is 4.3 times bigger than Yeouido (1,271 million square meters) and is well located to absorb even the home seekers in the Seoul area. Gwangmyeong and Siheung districts were previously promoted as Bogeumjari housing districts under the Lee Myung-bak administration, but were removed in 2015 due to the recession in the real estate economy and later placed as special management areas. Consequently, the mayor has been paying attention to this place as a promising new candidate for the city three years ago when the government began securing large-scale public housing sites to expand the housing supply in the metropolitan area. In fact, she was a candidate for the new city, and it seems that there will be little impact on the housing market. Gwangmyeong and Siheung, which boast 70,000 units as the sixth third new city, have the largest supply of Namyangju Wangsuk (60,000 units) among the five new existing cities (Changneung Goyang, Wangsuk Namyangju, Gyosan Hanam, Gyeyang Incheon and Captain Bucheon). There are 4,000 more than 6,000). In terms of supply volume, it ranks fifth in all new cities after Hwaseong Dongtan 2 (116,000 units), Bundang (97,000 units), Paju Unjeong (88,000 units) and Incheon Geomdan (74,000 units). There are 1,000 more houses. than Ilsan (69,000 units), which was the first new city. The proximity and the transport network, which is only 1 km from the Seoul border and 12 km from Yeouido, are also strong points. Currently, only the urban railways that pass near Gwangmyeong and Siheung have three lines, lines 1, 2 and 7, and the Sinansan line, GTX-B and the second Gyeongin line are scheduled. Among them, the second Gyeongin line, which is under preliminary feasibility study, is expected to pass through Gwangmyeong and Siheung districts, and the story will enter the district. The Ministry of Land, Infrastructure and Transport is planning to establish a new urban railway that runs north-south through the new cities of Gwangmyeong and Siheung to establish a rail transport network that allows transfers with existing routes. This will reduce the travel time from 65 minutes to 25 minutes for Seoul Station and from 80 to 45 minutes for Gangnam Station. In the real estate industry, the Gwangmyeong and Siheung districts are very likely to grow as core cities in the Southwest region due to such location and transportation conditions. There is also expected to be an effect of balancing the demand for new cities concentrated in the eastern and southeastern axes of Seoul (Namyangju Wangsuk, Hanam Gyosan, Wirye, Pangyo, Bundang, etc.) and the northwest axes of the Han River (Goyang). Changneung, Ilsan, Gimpo). Park Won-gap, Kookmin Bank’s chief real estate expert, said: “The housing offer in urban areas announced in the second and fourth measures is flexible according to the owner’s decision, but public housing in Gwangmyeong has been agreed. and Siheung with local governments. It is significant because it is a sign. “” It is close to Guro, Gasan and Yeouido in Seoul, and it is possible to travel to Gangnam using the subway, “said Ham Young-jin, director of Jikbang Big Data Lab. However, there is concern. that the development of Gwangmyeong and Siheung districts could further improve traffic conditions in Gwangmyeong and Siheung, as well as in Geumcheon, Guro and Yeongdeungpo-gu, Seoul, which could set off a chain of property price increases. Gwangmyeong , an overheated speculation district, is also paying attention to the impact on house prices. In the real estate industry, the creation of a new large-scale city is expected to help stabilize long-term house prices by dispersing Demand for housing in Gwangmyeong, where development pressure is high, such as maintenance projects. However, there are also concerns that the jeonse market may fluctuate as in l to Gwacheon city last year if the demand for relocation to receive apartments in the new city in the future is concentrated in Gwangmyeong. By Choi Jong-hoon, Staff Reporter [email protected]
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