2024-03-26 01:44:16
As the government announced that it will expand special treatment for Yongin, Suwon, Goyang, and Changwon, the four special cities that are attracting attention as ‘semiconductor + station area’, by enacting a bill, attention is focused on the related real estate market. This is because it is attracting attention as a so-called ‘semiconductor area’ (semiconductor + station area) due to plans to create a semiconductor mega cluster, and its future value is expected to increase thanks to the construction of highways.
According to the government on the 26th, various residential and urban environment special treatment granted to four ‘special cities’ including Yongin, Suwon, Goyang, and Changwon will be expanded. In particular, in the case of large-scale buildings with 51 floors or more, we will actively consider transferring the governor’s construction-related authority to a special city.
Currently, in the case of special cities, prior approval from the city governor is required when obtaining a construction permit for high-rise buildings, etc., but the related system is being modified. As special cases related to construction and construction are expanded, efficient local administration that takes into account regional characteristics is expected to become possible.
In addition, the government is accelerating the creation of a ‘semiconductor highway’ of approximately 45km connecting Hwaseong, Yongin, and Anseong, centered on the semiconductor mega cluster. The Ministry of Land, Infrastructure and Transport is pushing for the semiconductor highway private investment project to be carried out quickly. The government is working to expand National Route 45, one of the main thoroughfares of the Yongin Semiconductor National Industrial Complex.
As good news overlaps, transactions in nearby areas are becoming more active. According to Asil, a real estate big data company, the complex with the most transactions in the metropolitan area this year is ‘Jije Station Semiconductor Valley Jeil Punggyeongchae Block 2’ (1,152 households) in Jangdang-dong, Pyeongtaek-si, Gyeonggi-do. There have been 91 changes of hands this year. This complex, which was sold in June last year, is scheduled for completion in March 2026. In December last year, resale restrictions were lifted and trading began.
This is in contrast to the 41 and 36 transactions of ‘Helio City’ (9,510 households) in Garak-dong, Songpa-gu, Seoul and ‘Mokdong Central I’Park We’ve (3,045 households), Shinwol-dong, Yangcheon-gu, Seoul, respectively, during the same period.
Due to special government support, it is expected to be a potential boost to the local real estate market.
Lee Eun-hyeong, a researcher at the Korea Construction Policy Institute, said, “When it was announced that a semiconductor cluster would be built in Yongin, real estate near the area was shaken,” but added, “If the development plan is as big as a semiconductor cluster, it can be seen as a potential good news.”
Park Won-gap, senior real estate expert at KB Kookmin Bank, also expected, “Generally, the value of land is proportional to the density of development, so if special provisions are applied, the value of development is likely to increase and profitability will increase.”
At the same time, he said, “If administrative procedures are simplified, development may gain momentum, but with the current high interest rates and depressed sentiment, and the construction industry suffering from the PF crisis, this can be seen as a long-term effect.” He added, “After next year when interest rates are lowered, “It appears that there will be visible effects,” he predicted.
Reporter Kim Jeong-hyeon Photo News 1
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2024-03-26 01:44:16