The gap in housing prices among the first new towns in the metropolitan area (Goyang's Ilsan, Seongnam's Bundang, Bucheon's Jungdong, Anyang's Pyeongchon, and Gunpo's Sanbon) is widening. Recently, the three districts of Gangnam (Gangnam, Seocho, and Songpa) have continued to see rising housing prices despite the designation of land transaction permission zones, with upward trends also appearing in Bundang and Pyeongchon new towns, which have good accessibility to Gangnam. In contrast, areas such as Ilsan and Jungdong, which have relatively poor accessibility, have shown a downward trend.
According to the Korea Real Estate Board's weekly apartment sales price trends on the 17th, as of the 9th, the apartment sales price in Seongnam's Bundang District rose by 0.39%, the largest increase recorded in Gyeonggi Province. Pyeongchon, included in Anyang's Dongan District, also rose by 0.14%. In contrast, Goyang's Ilsan Donggu saw a decline of 0.16%, marking the largest drop in Gyeonggi Province. Bucheon's Wonmi District, which includes Jungdong New Town, also dropped by 0.06%.
In Bundang and Pyeongchon, a contrasting atmosphere appears in actual transaction prices, with new record prices continuing. According to the Ministry of Land, Infrastructure and Transport's actual transaction price disclosure system, a dedicated 84㎡ unit at 'Sibeom Samsung' in Seongnam's Bundang District was transacted at 1.735 billion won on April 17, up 235 million won from the transaction price of 1.5 billion won a year ago. A dedicated 84㎡ unit at 'Sibeom Woosung,' selected as a leading redevelopment district, was transacted this month for 1.67 billion won, an increase of about 230 million won from the transaction price of 1.44 billion won a year ago. The dedicated 84㎡ unit at 'Pyeongchon The Sharp I-Park' in Anyang's Dongan District was transacted this month for 1.145 billion won, increasing by nearly 200 million won from the previous year's transaction price of 948 million won.
In contrast, a dedicated 84㎡ unit at 'Gangchon Village (Dong-A)' in Goyang's Ilsan Donggu was transacted for 615 million won in March, which is 20 million won lower than the previous transaction price. The 134㎡ unit in the Gangchon Village Phase 3, selected as a leading district for the first new towns, was transacted for 780 million won in April, down 30 million won from the 810 million won transaction in July of last year. The dedicated 84㎡ unit at 'Raemian Bucheon Jungdong' in Bucheon's Wonmi District was transacted for 840 million won this month, marking a decrease of 42 million won compared to the July transaction price of 882 million won last year.
Experts noted that the rising trend in the three districts of Gangnam has led to upward trends in new towns that have good access to Gangnam. The three districts were designated as land transaction permission zones on March 24 due to an abnormal surge in housing prices, but last month all three areas still showed an increase of over 0.8%.
Kim Eun-sun, head of the big data lab at Zigbang, said, 'In Bundang and Pyeongchon, there remains an expectation from redevelopment and reconstruction, and there is the advantage of easy access to central areas like Gangnam within Seoul.' He added, 'In contrast, other new towns like Ilsan have relatively poor accessibility to Seoul's central areas, and the potential for price increases post-reconstruction is relatively less, which likely influenced these trends.'
Go Jun-seok, a professor at Yonsei University's Sangnam Business School, noted, 'Accessibility to Gangnam is indeed the most significant factor, and in terms of employment and infrastructure, one can argue that Bundang and Pyeongchon have better self-sufficiency as new towns.' He added, 'It seems that the rising trend in Gangnam will continue for some time, suggesting that housing prices in the first new towns could also continue in the same trajectory as now.'