Dongtan Apartment Prices Hit Record Highs for Second Week

Apartment prices in southern Gyeonggi Province are showing a notable upward trend, with the Dongtan area in Hwaseong recording new highs for two consecutive weeks. A 84-square-meter apartment in the region recently sold at a record price, fueled by proximity to Samsung Electronics and SK Hynix semiconductor complexes. The term "shuttle zone" (셔세권, a portmanteau of shuttle and zone) is being used to describe the high demand for housing near corporate shuttle bus stops serving the massive industrial clusters. Market analysts attribute the surge to limited supply and strong buyer sentiment, despite broader economic uncertainties. The trend has sparked discussions on whether Dongtan is challenging traditional prime locations like Gangnam.