Gwangju, 895presale-rights market warms on announcement of a trillion-won semiconductor investment
As the government and Samsung Electronics and SK hynix announced a semiconductor investment plan worth 895trillion won, interest is rising in Gwangju Advanced3District and the nearby presale-rights market. Gwangju’s presale outlook index has risen, and Amkor’s planned expansion of its Gwangju plant, worth about 1trillion won, is also expected to affect local real-estate demand.
As Gwangju has been identified as a key hub in the total 895trillion-won semiconductor investment plan, the local presale-rights market is heating up. If the investment plan moves ahead, expansion of the industrial base and job creation are expected, drawing attention to changes in housing demand.
At the National Report Meeting held on the 29day of last month, the government, Samsung Electronics, and SK hynix announced their semiconductor investment plan. The parties announcing it also laid out the investment scale and their intention to push ahead.
According to the Housing Industry Research Institute’s 7monthly presale outlook index, Gwangju’s index stood at 88.2.
This is a figure that rose 55.6by 32.6points from the previous month.
Advanced 3District is being developed as a self-sufficient high-tech complex city. A national AI data center, startup support facilities, the National Cardiovascular and Cerebrovascular Center, and an AI cluster are expected to be built there.
Nearby are industry-academia-research infrastructure such as the Gwangju Institute of Science and Technology (GIST) and the Chosun University advanced industry-academia campus. Proximity to local research and education infrastructure is being mentioned alongside the development plan.
Amkor Technology Korea is located in the Gwangju Advanced Science National Industrial Complex. The company announced an additional investment plan of about 1won to expand its Gwangju plant.
In the past, Dongtan in Hwaseong, Giheung in Yongin, Godeok in Pyeongtaek, and Cheonan, Asan, and Cheongju have been cited as cases where residential areas formed around expanded semiconductor production bases. Following this announcement, a similar wave of interest is spreading in the Gwangju presale-rights market.
Sources: 뉴시스 경제
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