Dasan-dong apartment prices jump 265 million won in 40 days

  • Dasan-dong apartment prices rose sharply across several major Namyangju complexes.
  • 265 million won separated two Dasan Lotte Castle transactions for similarly sized units.
  • Nearby Guri-si became a regulated zone from July 1, while Dasan-dong remained unregulated.

Apartment prices in Dasan-dong, Namyangju, Gyeonggi Province, are rising rapidly as buyers redirect demand from newly regulated neighboring areas. An 84.97㎡ unit at Dasan Lotte Castle sold for 1.245 billion Korean won on August 21, up 265 million won from the July 11 transaction. Prices for similarly sized homes at several major complexes, including Dasan Zay Ivy Place, e-Pyeonhansesang Dasan and Dasan Shinan Insbil First River, have surpassed 1 billion Korean won. The shift followed the designation of Guri-si, Hwaseong-si Dongtan-gu and Yongin-si Giheung-gu as adjustment target zones and speculative overheating zones from July 1, followed by land transaction permit zones from July 5. Dasan-dong remains outside those designations, offering higher loan-to-value limits and no land transaction permit requirement, although metropolitan-area mortgage rules still apply. Researchers cited access to Seoul Subway Line 8, shopping and other infrastructure, and the ability to buy using a tenant’s jeonse deposit (lump-sum rental deposit) as factors supporting demand.

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