Incheon Gyeyang New Town's 'Kaibeu Yubora,' which attracted attention as the first private sale in the third new town initiative, failed to fill its quota in the first round of subscriptions. The response to the subscription varied based on the transportation conditions that potential buyers could manage. There are calls for faster development of infrastructure, including the regional transportation network, alongside the expansion of new town supply.
According to the Korea Real Estate Agency's subscription home page, 656 applications were received for 866 units in the first round of subscriptions for Kaibeu Yubora, resulting in an average competition ratio of 0.76 to 1. Some housing types did not fill their quotas, leading to 369 units being carried over to the second round of subscriptions.
On November 2, 244 applications were submitted for 638 units in the special supply category. The complex, located in the AC3 and AC4 blocks of Gyeyang New Town, consists of a total of 1,110 units, with occupancy expected in August 2029.
Transportation conditions were identified as a primary factor influencing buyer choices. Although Gyeyang New Town is set to welcome its first residents by the end of this year, major regional transportation networks are still in the planning stages. The government is working on connecting buses to Gyeyang Station, regional buses to Gangnam, and integrating BRT and the Daechon-Hongdae Line. The timeline for the completion of the overall transportation network in the new town may also affect buyer decisions.
During a review meeting on October 26, the Metropolitan Area Transportation Committee discussed adding the improvement of Gochon IC and the road project passing through Sangya Village to the 'direct approval' category. This measure aims to reduce the approval period by allowing the Ministry of Land, Infrastructure and Transport to directly approve road projects spanning multiple local governments.
In contrast, the 'GTX Unjeong Central Station City Pradium Phase 4' in Paju, which held its subscription on the same day, saw 6,624 applications for 128 units, achieving an average competition ratio of 51.75 to 1. While the opening of the GTX-A line has improved accessibility to Seoul, differences in the scale of recruitment and sale prices make it difficult to attribute the disparity in competition solely to transportation.
The final results for Kaibeu Yubora will depend on the outcomes of the second round of subscriptions and contracts. An industry insider noted, 'Especially in new towns where transportation and living infrastructure are not yet complete during the initial occupancy phase, demand is increasingly scrutinizing immediate price competitiveness over future development expectations.'
* This article has been translated by AI.
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