Residential areas along the Han River have long been regarded as prime real estate in South Korea. Recently, a surge in high-value transactions has further increased the value of apartments along the river.
According to the Ministry of Land, Infrastructure and Transport's real transaction disclosure system, an 84-square-meter unit at 'Acro River Park' in Banpo-dong, Seocho District, sold for 6.3 billion won in May, setting a new record. Based on supply area, this amounts to approximately 185 million won per 3.3 square meters. Previously, an 84-square-meter unit at 'Raemian One Bailey' sold for 7.2 billion won, surpassing 200 million won per 3.3 square meters, indicating a trend of high-value transactions along the Han River.
This price competitiveness is not limited to the Gangnam area. In Heukseok-dong, Dongjak District, 'Acro Riverheim' and 'Heukseok Han River Centerville 1st' have established themselves as leading complexes in the local market. In the Gyeonggi Province, Hanam Misa River Prugio and Goyang Deok-eun District DMC Han River Samjeong Green Core The Best are also recognized as representative complexes.
Industry experts cite the scarcity of supply as a key factor behind the rising residential values along the Han River. With limited land available for new housing developments, demand remains steady regardless of economic conditions, and it is expected that new supply will remain limited, further enhancing the area's scarcity value.
In this context, a large-scale residential complex, 'Han River Prugio Riverfront,' is set to launch in Gimpo, leveraging its prime location along the Han River.
Developed by Han River Cinepolis and constructed by Daewoo Engineering & Construction, the complex will consist of 12 buildings, ranging from four underground floors to 38 above ground. It will feature 2,432 apartments with sizes from 84 to 180 square meters, along with 250 residential office units and commercial facilities.
The most notable feature of the complex is its proximity to the Han River. Most units, except for a few, are designed to offer river views, and the skyline will reach up to 38 stories, making it a landmark development in the Gimpo area.
Transportation conditions are also expected to improve. The planned Gimpo Han River Road Pungok IC, along with access to National Route 48 and the Gimpo IC of the Seoul Metropolitan Expressway No. 1, will facilitate convenient vehicle movement. Additionally, the extension of Seoul Subway Line 5 has passed preliminary feasibility studies, and the Goyang extension of Incheon Metro Line 2 is also in progress. The extension of Line 2 is expected to enhance accessibility to Seoul by connecting to the KINTEX station, where the GTX-A line stops.
The educational environment is another strong point. A planned kindergarten site is located in front of the complex, and an elementary school within the district is scheduled to open in March 2029, with a middle school also planned, ensuring walkable commuting conditions for students. Being classified as a rural area may also make it eligible for special admission programs.
Living infrastructure is also well-established. Nearby, there are E-Mart Traders and Gimpo Premium Outlets, and plans are underway for the Inha University Medical Campus, expected to open in 2031, which will enhance medical infrastructure in the area.
Meanwhile, the model home for 'Han River Prugio Riverfront' is set to be established in the Pungmu-dong area of Gimpo City.
* This article has been translated by AI.
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