Jungnang-gu Shinnae-dong 1.13 Billion Won New Construction Plot Building Transaction Completed! Shinnae New Town Investment Rapidly Emerging as a Hot Place Due to Transportation Boosts (ft. Shinnae Station Development Boost)
A 1-story building located at Shinnae-dong 450-12 in Jungnang-gu, near Shinnae Station, was transacted for 1.13451 billion Won, attracting keen interest from the real estate market. Like a 'hidden gem in the city center', this building, which has high value as a new construction plot, is drawing the attention of investors along with the development boosts of Shinnae New Town. Why is Shinnae New Town emerging as a 'golden location' for new construction plot investment?
Shinnae Station 'Ultra-Station Area', High Future Value as a New Construction Plot
In February 2025, a 1-story building located at Shinnae-dong, 450-12 in Jungnang-gu, was transacted for 1.13451 billion Won. This building is an 'ultra-station area' building located within walking distance of Shinnae Station and is situated in the heart of Shinnae New Town. Although it is an aging building completed on May 24, 1980, its land area of 50.22 pyeong holds high value as a new construction plot. Like a 'fertile land in the city center', this building located in the Shinnae Station ultra-station area offers both convenient transportation environment and high future value.
Key Features and Location Analysis:
- Shinnae Station Ultra-Station Area: Excellent transportation environment
- New Construction Plot: High future value
- Fertile Land in the City Center: Increased investment appeal
Land Price Relative to Official Standard Price, Reasonable Investment Judgment Criterion
This building was transacted at a relatively reasonable level, with the land price being approximately 2.22 times the official standard land price. Compared to the real estate market price in the Shinnae-dong area, Jungnang-gu, the land price is an important indicator that helps investors make reasonable investments. Like 'cost-effective investment', the land price relative to the official standard land price helps investors expect stable profits.
- Land Price Relative to Official Standard Price: Approx. 2.22 times, relatively reasonable
- Cost-Effective Investment: Expectation of stable profits
- Reasonable Investment Judgment: Important investment indicator
Shinnae New Town Development Boost, Driving Real Estate Value Appreciation
The real estate market in Jungnang-gu Shinnae New Town is gaining vitality due to various development boosts. Along with improvements in transportation infrastructure such as the opening of Shinnae IC, the extension of Subway Line 6, and the promotion of GTX-B Line, various development projects are underway, including the creation of Shinnae Compact City and an advanced industry cluster in the Shinnae IC area. These development projects are representative boosts that drive the appreciation of real estate value in the surrounding area. As if a 'development boom' is blowing, Shinnae New Town development acts as a catalyst that further increases the investment value of new construction plots.
- Shinnae New Town Development Boost: Real estate market vitality
- Improvement of Transportation Infrastructure: Factor increasing regional value
- 'Development Boom': Promoting new construction plot investment value
Considerations During Investment: In-Depth Analysis and Expert Assistance Necessary
Investing in new construction plots can offer high profits, but it also involves investment risks. Various factors such as surrounding development plans, rental yield, and future value must be analyzed in depth, and seeking assistance from a real estate expert is safe. Like a 'guide', a real estate expert plays a role in helping investors make correct investments.
The building at Shinnae-dong 450-12, Jungnang-gu, was sold in February 2025.
※ Transaction Details
- Location: Jungnang-gu Shinnae-dong 450-12
- Subway Station: Shinnae Station
- Transaction Date: February 2025
- Sale Price: 1.13451 billion Won
- Land Price (Per Pyeong): 22.59 million Won
- Land Area: 50.22 pyeong (166㎡)
- Building Area (Total Floor Area): 42.13 pyeong (139.28㎡)
- Zoning District: Second Class General Residential Zone
- Floors: 1 story above ground
- Road Condition: 4m road
- Year of Completion: 1980.05.24
- Official Standard Land Price (공시지가): Approx. 10.17 million Won (Per Pyeong)
- Land Price Relative to Official Standard Price: Approx. 2.22 times