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The purpose of this study is to analyze the effect of GTX construction on the real estate prices in the neighboring area. For this purpose, The trend of the land price change is analyzed through the data of 2002 land price, 2005 land price, and 2011 land price around the GTX station area for Shinbundang real Received (February 9, 2018), Review Result (February 19, 2018) Accepted (April 6, 2018), Published (May 31, 2018) 1) 100-20, professor, Dept. of Real Estate Asset Management, Kimpo Univ., 97 Gimpodaehak-ro, Wolgot-myeon, Gimpo-si, Gyeonggi-do, Republic of Korea email: jkj0519@kimpo.ac.kr 2) (Corresponding Author) 331-707, professor, Dept. of Taxation & Real Estate studies, Namseoul Univ., 91 Daehak-ro, Seonghwan-eup, Seobuk-gu, Cheonan-si, Chungnam, Republic of Korea email: landchoi@nsu.ac.kr 3) lecturer, Janghowon-Eup Post Office PO Box-1. Icheon-Si. Gyeonggi-Do, Republic of Korea email: kimaedong@hanmail.net A Study on the Effect of GTX Construction on the Real Estate Prices Copyright c 2018 HSST 2 way. And the development effect of GTX is analyzed from the land price and the apartment price data within the radius of 500 meters around the Kintex area in Goyang city from 2012 to 2014 and the radius of 500 meters around the Yangjae station, and time series analysis and VAR model are carried out. As a result of the analysis, In terms of development effects, Due to the announcement of the GTX development plan, the average land price in 2014 in the case area (Daewha-Dong where Kintex is located), where the land price level was relatively low due to the slump in real estate, rose sharply compared to other administrative Dongs in Goyang city. In 2007, apartment prices and rental prices in Goyang City, which had been falling steadily since the beginning of 2007, have stopped decreasing and have remained flat or rising.