A look at Gyeyang New Town, visited by the president: “15 minutes from Seoul” ... First private-sector sale launches [Jip Nawara Ttukttak!]

[Financial News] Incheon’s Gyeyang New Town, the fastest-moving project among the third-phase new towns, will begin to emerge from behind the veil with its first residents moving in this December. Also drawing the attention of prospective homebuyers is Gyeyang New Town Kaive Ubora, a premium residential-commercial complex that is the first private-sector housing development to go on sale in a third-phase new town. Sales are set to begin this month.
According to industry sources on the 24th, Gyeyang New Town is planned to cover a total of 3,350,904 square meters, with about 18,000 households. A total of 1,285 households in Block A2 (747 public-sale units) and Block A3 (538 Newlywed Hope Town units) will begin moving in this December, marking the first occupancy in any of the third-phase new towns.
Unlike some other new towns being built on empty land, the site we visited directly adjoins the existing residential area of Dongyang-dong. Residents will be able to use existing commercial amenities, such as supermarkets and hospitals, from the day they move in. Dangsan Elementary School and Yangchon Elementary and Middle Schools are also nearby, helping to fill the gap in school access until new schools open in the new town, scheduled for 2029.
Access to Seoul is another strength. Magok District is a 15-to-20-minute drive away. From Bakchon Station on Incheon Subway Line 1, passengers can travel to Gyeyang Station and transfer to the Airport Railroad, making it easy to reach Gimpo Airport Station (one stop away) and Hongik University Station (in around 20 minutes). Extensions of the Daejang-Hongdae Line to Cheongna and Gyeyang, as well as express M buses to Gangnam, are also in the works. Nearby, the Gyeyang AX Park urban high-tech industrial complex and the Bucheon Daejang industrial complex—where SK, Korean Air and others are investing 2.6 trillion won—are adjacent to the area, supporting strong demand from people seeking homes close to work.
Meanwhile, President Lee Jae-myung visited Gyeyang New Town on the 20th to review the progress of its development. “Ultimately, the measure of housing supply that people can feel is when they can move in,” Lee said. He instructed the relevant ministries to remove unnecessary regulations that are slowing progress, so as to bring forward the schedule for public housing land supply as well as move-in dates and the construction of transport infrastructure, including metropolitan buses.
The first complex to launch a private-sector sale in Gyeyang New Town is Bando Construction’s Gyeyang New Town Kaive Ubora (Blocks AC3 and AC4). This mid- to large-sized residential-commercial complex comprises 1,110 households across 16 buildings, with two basement levels and 15 floors above ground, and exclusive floor areas of 84, 92 and 93 square meters.
The complex’s biggest strengths, evident at the model home set up in Bucheon, are parking and storage. To address the chronic parking shortage in new-town apartments, it provides a generous 1.5 parking spaces per household, while the commercial parking lot, with 169 spaces, is separate. Every household will also receive a private storage unit on basement level 2 for camping and seasonal items, and there is ample storage inside each home.
The three units on display at the model home made such impressive use of space that they could be called a “storage paradise.” The 84-square-meter Type A features a four-bay, slab-style layout, notable for allowing cross-ventilation. Type D, also 84 square meters, stands out for its spacious kitchen and an additional walk-in pantry tucked away at the end of the hallway, maximizing storage. Type B, at 93 square meters, features a “panoramic view” design with windows on two sides of the living room, allowing residents to enjoy park views through all four seasons.
The complex is also surrounded by Gyeyang Byeori Culture Park, which is four times the size of Yeouido Park, offering residents the benefits of a pleasant double park-side location. Interest is expected to continue among end-user buyers in the Seoul metropolitan area who favor new-build homes “at all costs.”

[email protected] Jeon Min-kyung Reporter