South KoreaEnglish translation

Approx. 52-Pyeong Vacant Lot for Sale in Sangsin-ri, Hyangnam-eup, Hwaseong-si, Gyeonggi-do

₩220,000,000

Property type
Land
Land area
52 평

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Land Fronting a Road in Sangsin-ri

This approximately 52-pyeong parcel in Sangsin-ri, Hyangnam-eup, Hwaseong-si, Gyeonggi-do, consists of two lots: a building site and a field. It is currently vacant and fronts a road. Its elevated position offers open views and plenty of sunlight. The asking price is 220 million won and is negotiable.

Land Use and Permit Information

It is listed as a Type 1 General Residential Area, with a building coverage ratio of 60% and a floor area ratio of 180%. Construction of a detached house or a mixed-use residential and commercial building may be considered. Another option is to use it as a vegetable garden or private parking lot after purchase and build on it later. However, the expectation that it will be upgraded to a Type 2 General Residential Area is held by residents and is not confirmed.

Service contracts related to development activity permits, civil engineering permits, land surveying, and consultation on conversion of farmland have been completed. The sale price includes approximately 12 million–13 million won in development permit costs.

Hyangnam 01 Planned Redevelopment Area and Nearby Development Plans

The property is presented as being within the Hyangnam 01 planned redevelopment area. The area name is the vicinity of 623 Sangsin-ri, and its area is 26,558㎡. In connection with Hwaseong City's 2030 Urban and Residential Environment Improvement Basic Plan, phased implementation plans after 2028 are mentioned. Whether redevelopment and development will take place, and on what schedule, cannot be stated as a confirmed outcome.

The listing states that housing supply is planned nearby: 200 units in Area A1-2 next to Hanyang Sujain and 679 units in Block B14. Lotte Castle sales, a waterfront park, townhouses, and a commercial area are planned for Sangsin 3 District, with total supply presented as approximately 4,000–5,000 units. The development site is listed as approximately 40,000 pyeong or more.

Sangsin 3 District is approximately a 10–15-minute walk away. The listing states that a park and sites for an elementary school and a high school are planned near Area A1-2 and Block B14 next to Hanyang Sujain. LH Eondeok Maeul Complex 15, approximately a 3–4-minute walk from the property, is mentioned as having plans for an elementary school and high school in 2028.

Access to Transportation and Industrial Complexes

The listing states that the Hyangnam Pharmaceutical Industrial Complex is approximately a 5-minute drive away, Hyangnam Station on the Seohae Line is approximately 5 minutes away, and Balan IC is also nearby. The Hyangnam Pharmaceutical Industrial Complex is described as occupying approximately 200,000 pyeong, with 36 companies and 40 factories in operation and approximately 4,000 workers.

The listing states that the Shin Ansan Line extension to Hyangnam is scheduled to open in December 2028, and estimates that the trip to Yeouido will take less than one hour without transfers once it opens. The connection of the Shinbundang Line between Bongdam and Hyangnam is confirmed as far as Homaesil; the remaining sections are under consultation and feasibility review.

Sale Terms and Inquiries

The sale price is 220 million won and is negotiable. This price includes approximately 12 million–13 million won in development permit costs. Inquiries can be made at .

Cover photo

Contact and listing source

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