Attention on Icheon Station Area Apartment ‘Shinan Insville Prestige’

[Shinan Insville Prestige]

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As apartment sale prices in Seoul continue to rise, the price gap with the Gyeonggi and Incheon regions has widened to an all-time high of about three times.

According to data from Real Estate R114, the average sale price per 3.3㎡ of apartments in Seoul in the second week of November this year was recorded at 54.56 million KRW, marking a historic high. In contrast, during the same period, the average sale price per 3.3㎡ in Gyeonggi and Incheon was 19.93 million KRW, which is 34.63 million KRW lower than Seoul. When converted to a standard exclusive area of 84㎡, this amounts to a price gap of approximately 1.14 billion KRW.

The price gap between Seoul and the Gyeonggi·Incheon regions has also significantly widened in the sales market. As of the fourth quarter of this year, the average sales price per 3.3㎡ in Seoul was 41.25 million KRW, which is 22.44 million KRW higher than Gyeonggi Province (18.81 million KRW) and 27.68 million KRW higher than Incheon (13.57 million KRW).

The rise in Seoul apartment prices has also influenced population movement. According to data on movers by region released by Statistics Korea, from January to September this year, 363,065 people moved out of Seoul to other regions. Among them, about 70.3%, or 255,291 people, relocated to Gyeonggi Province and Incheon. This is an increase of about 10,000 compared to 244,556 people (68.7%) during the same period in 2022 and 245,305 people (69.8%) in the same period in 2023.

Industry insiders explained, "As Seoul apartment sale prices soar, buyers are turning their attention to Gyeonggi and Incheon," adding, "Among these, there is growing interest in newly built, transit-oriented apartments with the latest designs and high residential satisfaction."

With increasing interest in apartment sale complexes in Gyeonggi and Incheon, demand is focusing on ‘Shinan Insville Prestige’ developed by Shinan.

Located in Block A-2 of the Jungri Housing Development District in Icheon, Gyeonggi Province, this apartment complex consists entirely of the highly scarce exclusive 59㎡ units, with a total of 523 households. By type, there are ▲59㎡A with 387 units and ▲59㎡B with 136 units. This is the first complex in the Jungri district of Icheon to be composed solely of exclusive 59㎡ units. The official contracts will be accepted for three days from Monday, December 2 to Wednesday, December 4.

The complex is a transit-oriented development located within a 10-minute walk from Icheon Station on the Gyeonggang Line, allowing travel to Pangyo Station in the Pangyo New Town within 30 minutes. Additionally, it boasts excellent transportation access with proximity to the Jungbu Expressway (Seoicheon IC), Yeongdong Expressway (Icheon IC), and Seongnam-Icheon Road. Furthermore, SK Hynix, OB Beer, the city hall, and tax office are nearby, providing an excellent live-work environment.

‘Shinan Insville Prestige’ offers a convenient living environment and outstanding educational facilities. Situated at the center of the housing district, residents can easily access commercial and public office areas. Moreover, there are planned sites for kindergartens and elementary schools, enabling safe walking commutes for children.

The apartment also excels in product quality. It is constructed using eco-friendly finishing materials for furniture, wallpaper, and flooring, and maintains clean indoor air with an automatic indoor ventilation unit. Additionally, it is designed as a cost-saving and environmentally friendly apartment with rooftop solar panels and a standby power cutoff system within each unit.

With a south-facing layout and slab-type design, the complex offers excellent natural lighting and ventilation. It is designed as a safe apartment with no cars on the ground level and will be developed as a park-like complex filled with various flowers and trees. Furthermore, a neighborhood park is planned right next to the complex, allowing residents to enjoy a green premium.

A sales representative stated, "As the residential environment in the Gyeonggi region improves, the phenomenon of moving out of Seoul is intensifying," adding, "This apartment, being a transit-oriented complex with excellent transportation and abundant living infrastructure, continues to attract strong interest from buyers."

Meanwhile, the model house for ‘Shinan Insville Prestige’ in the Jungri district of Icheon is located near the E-Mart Icheon branch in Jeungpo-dong, Icheon City.

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