Daejeon's First Hillstate, Sold Out in Just 4 Days After Contract

[Asia Economy Reporter Kim Yuri] Hyundai Engineering announced on the 14th that all units of the residential officetel 'Hillstate Doan' supplied in Doan New Town, Daejeon, were contracted within 4 days of the contract opening.

The company stated, "During the 3 days of official contracts, contracts were completed for 391 out of 392 units, except for one unit, and the remaining unit was contracted on the first day of the first-come, first-served contract on the morning of the 10th."

Hillstate Doan is being constructed in Yonggye-dong 677-1, 2 area, Yuseong-gu, Daejeon, consisting of 3 buildings with 5 basement floors to 29 above-ground floors, totaling 392 units of 27, 63, and 84㎡ (exclusive area). As a result of the subscription application held on the 27th of last month, a total of 87,397 applications were received for 392 units, recording an average competition rate of 223 to 1. One unit of the 4th group (63㎡) attracted 5,993 applicants.

Hyundai Engineering explained that the early completion of sales was due to the high scarcity value as the first Hillstate complex in Daejeon with a small-to-medium size design, and the application of various specialized designs such as a 2.7m ceiling height. Another advantage is that the use of variable walls allows residents to create various bedroom layouts according to their living patterns. In 2025, a tram station of Daejeon Urban Railway Line 2 will be built in front of the complex, making transportation convenient.

A company official said, "Because of the small-to-medium size floor plans, there was great interest from the 30-40 age group, including newlyweds who wanted to enter Doan New Town," and added, "In the second half of the year, we plan to proceed with the second phase of sales consisting of 598 units."

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