According to the weekly apartment price trend of the Korea Real Estate Agency on the 30th, in Yangju, Gyeonggi Province, the cumulative increase in apartment prices for the first to fourth weeks of January is 4.86%.
Over the past year, apartment prices in Yangju have risen 4.19%, exceeding the previous year’s increase in four weeks into the new year.
The reason why apartment prices in Yangju increased in such a short period of time was analyzed by real estate experts because the business plan for the metropolitan area express railway (GTX)-C route passed the government’s private investment project deliberation committee at the end of last year.
When the GTX-C route is opened, the travel time between Deokjeong and Samsung will be significantly reduced from 82 minutes to 27 minutes, according to the Ministry of Land, Infrastructure and Transport.
Actually, in the case of 59.47m2 of exclusive area for Bongwoo Village Jugong 5 Complex, Deokjeong-dong, Yangju City, the transaction was between 170 million and 220 million won last month, which was traded at a reported price of 250 million won (8th floor) on the 19th of this month. It rose 80 million won.
The 59.21㎡ of Jugong Complex 2 in Juwon Village, Goam-dong, was also sold at 150 million to 175 million won last month, but it was sold at 249 million won (13th floor) on the 12th of this month and soared nearly 100 million won in one month.
After Yangju in the new year, house prices in Deogyang-gu, Goyang (4.55%), Ilsanseo-gu (3.64%), Namyangju-si (3.08%), and Ilsan-dong-gu, Goyang (2.97%), rose a lot in order.
An official from the Real Estate Agency predicted, “Expectations for favorable traffic conditions such as GTX are raising the prices of apartments in nearby areas,” and “Because the prices of apartments outside Gyeonggi Province are cheaper than the total price for apartments in Seoul, end users are expected to continue to flock.”
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