Seoul, Wangsimni and Sangbong ... Penta-station areas served by five intersecting lines set to take off

[Financial News] As double and triple station areas served by two or three lines have become key factors in the housing market, going beyond areas served by a single station, so-called “penta-station areas” where five lines intersect are now rapidly emerging as new hubs in the Seoul metropolitan area’s regional transport network. The more lines are added, the more dramatically travel times between areas are cut. Leveraging this scarcity, property values at nearby complexes are also on a clear upward trajectory.
According to industry sources on the 9th, Seoul Station is cited as a leading example of a penta-station area. With the recent opening of GTX-A, following the existing Seoul Subway Lines 1 and 4, the Gyeongui–Jungang Line and the Airport Railroad, access to the entire Seoul metropolitan area has been maximized. This locational advantage is fully reflected in prices: an 84-square-meter unit at Seoul Station Central Xi in Mapo District, within walking distance of Seoul Station, changed hands for 2.29 billion won in August, a price nearly 500 million won higher than two years earlier. Expectations are also high for areas set to become penta-station areas. Wangsimni Station, currently served by Seoul Subway Lines 2 and 5, the Gyeongui–Jungang Line and the Suin–Bundang Line, is set to become an interchange station for five lines with the opening of the Dongbuk Line scheduled for the second half of 2028. Meanwhile, the 59-square-meter presale right for Lacherbo Prugio Summit, within walking distance, has traded at a price at least 700 million won above its original sale price.
The area around Sangbong Station is also drawing attention as a new penta-station area in the northeast, ahead of the additional opening of GTX-B. Near Sangbong Station, where Seoul Subway Line 7, the Gyeongui–Jungang Line, the Gyeongchun Line and KTX currently stop, presale rights for 84- and 98-square-meter apartments at The Sharp First World Seoul, currently being marketed by POSCO E&C, have each been setting record-high prices day after day, making the complex a major early beneficiary of the GTX development.
As the future value of these penta-station areas draws attention, a series of promising new complexes in multi-station locations is set to come onto the housing market in the second half of the year, attracting strong interest from buyers. First, POSCO E&C will offer 308 officetel units at The Sharp First World Seoul in November. The high-rise mixed-use complex, with a single exclusive floor area of 84 square meters, will have eight basement levels and 49 floors above ground, and is located in Sangbong-dong, Jungnang District, Seoul (Sangbong 9 Urban Renewal Promotion Zone). Together with the 999 apartments already sold, it will form a landmark complex totaling 1,307 units and benefit from the premium of a “penta-station area,” with GTX-B set to join the existing lines serving Sangbong and Mangu stations. Major amenities including Costco and Homeplus, as well as Jungnangcheon Riverside Park, are nearby, making it an attractive place to live.
Yangwoo Construction will launch sales in November for Uijeongbu Station Felis Tower Yangwoo Naeanae, a complex in a prime location next to Uijeongbu Station in Uijeongbu-dong, Uijeongbu-si, Gyeonggi Province. The station is served by Seoul Subway Line 1, a light rail line and the Gyooe Line, and GTX-C is scheduled to open there. Of the 1,506-unit complex, 414 apartments will be offered for general sale. Hyosung Heavy Industries plans to offer Harrington Place Mullae in November in Mullae-dong, Yeongdeungpo District, Seoul. The complex will comprise 218 units, all with an exclusive floor area of 84 square meters, and will be within walking distance of four lines: Seoul Subway Line 2 at Mullae and Yeongdeungpo-gu Office stations, and Seoul Subway Line 1 and KTX at Yeongdeungpo Station. In Busan, sales are also expected to begin soon for Yeonsan Station Sujain Centrio, a 335-unit complex with 139 units offered for general sale, which will benefit from locations near Yeonsan Station, an interchange between Lines 1 and 3, and Busan National University of Education Station.

[email protected] Jeon Min-gyeong Reporter