The GTX A line of the metropolitan area express railway has begun non-ranked subscription in various beneficiary areas. With subscriptions being conducted at the announced sale price at the time of the first notice, a price difference of more than 100 million won is expected, which is likely to attract demand. However, some analysts suggest that the most effective consolidation, the opening of Samsung Station, is being delayed, and the benefits may not be as significant as expected.

View of the Seoul apartment complex from Namsan in Seoul. /Courtesy of Yonhap News Agency

According to the Korea Real Estate Board's subscription home on the 6th, a non-ranked subscription for 1 unit of the special supply for a 52㎡ exclusive area at 'Dongtan Station Geumgang Pentarium The Siglo,' located in Yeongcheondong 849, Hwaseong City, Gyeonggi Province, near Dongtan Station, which passes through the GTX A line and SRT, will be held on the 7th. The sale price is 333 million won, which is at a level similar to the public notice for resident recruitment in 2021. Compared to the transaction of 660 million won for a 56㎡ unit at Dongtan Daebang DM City The Centum located nearby last month, this price is about 33 million won lower. However, this supply is for first-time homebuyers among the currently non-homeowning residents of Hwaseong City, so the competition rate is expected to be relatively low.

After nearly a year without groundbreaking following the construction ceremony, non-ranked subscriptions have occurred in the beneficiary area of the GTX B line, where construction is expected to become visible next month. Due to illegal activities, a non-ranked subscription for a total of 7 units will be held on the 7th for special supply and on the 8th for general supply at Hillsstate Songdo The Sky in Songdo-dong, Yeonsu-gu, Incheon, the starting point of the GTX B line. The sale prices are about 730 million won based on the exclusive 84㎡ and 1.16 billion won for the exclusive 120㎡, which are at the level of sale prices from 2020. Compared to a recent transaction of up to 1.37 billion won for an exclusive 84㎡ unit at The Shop First Park nearby, this price is nearly 600 million won lower.

Earlier, on the 4th of last month, a non-ranked subscription for 2 units was conducted at 'Gyeongnam Honesty Ville River' in the beneficiary complex of the Paju Unjeong Station on the GTX A line. A non-ranked subscription for 1 unit was also conducted on the same day at 'Gyeongnam Honesty Ville D-Won' in Mokdong-dong, Paju City. The Gyeongnam Honesty Ville River was supplied at the sale price level of the initial resident recruitment notice conducted in 2022. Gyeongnam Honesty Ville D-Won is also at a similar level. Accordingly, Gyeongnam Honesty Ville D-Won received 16,128 applications for 1 unit. The Gyeongnam Honesty Ville River received 4,390 applications for 1 unit of 59㎡ and 6,766 applications for 1 unit of 84㎡.

Gojun-seok, head professor at Yonsei University’s Sangnam Business School, noted, "If the sale is conducted at the price at the time of the announcement, the value is expected to rise further when the GTX A line is consolidated to Samsung Station, so a high competition rate is anticipated."