"Songpa Living Area Knowledge Industry Center" Hyundai ENG, 'Hyundai Terra Tower Gamil' June Sale

[Asia Economy Reporter Yuri Kim] Hyundai Engineering announced on the 6th that it plans to sell 'Hyundai Terra Tower Gamil,' the first knowledge industry center in Hanam Gam-il District, which belongs to the Songpa living area in Seoul, in June.

Hyundai Terra Tower Gamil will be built on Block 4 of the self-sufficient facility site in Hanam Gam-il District, with 4 basement floors and 8 above-ground floors, covering a total floor area of approximately 57,000㎡. It will consist of a knowledge industry center, commercial facilities, and sports facilities. Hanam Gam-il District is a public housing site district with a total of about 14,000 households supplied on a 1,687,000㎡ site in Gam-il-dong and Gam-i-dong areas of Hanam City. It is close to Seoul's Songpa-gu, Gangdong-gu, Wirye New Town, and Geoyeo·Macheon Redevelopment Promotion District.

Hyundai Terra Tower Gamil is located near Gam-il Sunhwan-ro and Sinwoosil-ro, and major arterial roads of Gam-il District are also planned to be developed around the complex. The Gam-il Station (planned) on the Line 3 extension, included in the transportation measures announced along with the development plan of Hanam Gyosan New Town among the 3rd New Towns, will also be located within Hanam Gam-il District. The Seoul Outer Ring Expressway (Seo Hanam IC) and Jungbu Expressway (Hanam IC) are nearby, and the extension of Subway Line 5 (scheduled to open in June 2020), Seoul-Sejong Expressway (scheduled to open in 2024), and the road connecting Hanam Gam-il District to Wirye New Town are also planned.

A sales official said, "The current market price of major knowledge industry centers supplied in the nearby Munjeong District of Seoul Songpa-gu reaches the mid-to-high 10 million KRW per 3.3㎡," adding, "The sale price of Hyundai Terra Tower Gamil is expected to be competitively priced compared to the current market price of knowledge industry centers supplied in Munjeong District." They explained that initial burdens are relatively low due to tax benefits such as a 50% reduction in acquisition tax and a 37.5% reduction in property tax, as well as a 10% down payment and interest-free intermediate payments (planned).

The main lobby within the knowledge industry center will feature an open lounge specialized design, and the parking lot can accommodate 466 vehicles, exceeding the legal standard of 212 vehicles. To secure a sense of openness in the workspace, the floor height from the 2nd to 7th floors is set at 4.5m, and the 8th floor at 5.0m. Facilities for rest include a sunken garden (basement 1st floor), rooftop garden, conversation yard, flower scent garden, rock garden, and green yard. It is surrounded by green spaces such as Cheonmasan, Geumamsan, and Castlelex Seoul GC.

Meanwhile, Hyundai Engineering began actively using the Terra Tower brand starting with 'Munjeong Station Terra Tower,' which moved in October 2016. A sales official said, "Although located in Hanam Gam-il District, which is part of the Songpa living area, it has favorable conditions for corporate management such as reasonable prices and excellent transportation conditions," adding, "Applying the Terra Tower brand, it will establish itself as a landmark knowledge industry center representing Hanam Gam-il District."

The Hyundai Terra Tower Gamil knowledge industry center showroom is located at 642-3 Munjeong-dong, Songpa-gu, Seoul. The commercial facility showroom is set up at 1164 Yangjae-daero, Songpa-gu.

This content was produced with the assistance of AI translation services.