"Hillstate Sewoon Central, a 'CBD Proximity Complex,' to Launch Sales This Month"

[Asia Economy Reporter Yuri Kim] Hyundai Engineering announced on the 3rd that it will be selling units of 'Hillstate Sewoon Central' this month in the Sewoon Redevelopment Promotion District, Jung-gu, Seoul.

Hillstate Sewoon Central will be developed as a mixed-use complex with residential and commercial spaces on blocks 3-1, 3-4, and 3-5 of the Sewoon Redevelopment Promotion District. It consists of three buildings ranging from 8 basement floors to 27 above-ground floors, totaling 1,022 households. The complex includes 535 apartment units and 487 urban lifestyle housing units, with the 487 urban lifestyle housing units being sold first. Based on exclusive area, the units are composed of 24 units of 25㎡, 96 units of 42㎡, 48 units of 45㎡, 72 units of 46㎡, and 247 units of 49㎡. There are 14 types of 1-2 room layouts, allowing residents to choose floor plans that suit their lifestyles. The apartments will be sold at a later date.

This complex is considered to be in a prime location within the Sewoon district. Cheonggyecheon Stream is located right in front of the complex, offering views of Cheonggyecheon, and green spaces such as Namsan, Jongmyo Park, Namsangol Park, and Jangchungdan Park are nearby. Additionally, Gyeongbokgung Palace, Changgyeonggung Palace, and Deoksugung Palace are also situated in the vicinity.

Located in a quadruple transit station area, the transportation environment is well established. Within walking distance are Euljiro 3-ga Station, a transfer station for Seoul Subway Lines 2 and 3, and Jongno 3-ga Station, a transfer station for Lines 1, 3, and 5, allowing access to four subway lines. Around the complex, there are large shopping facilities such as Shinsegae Department Store, Lotte Department Store, Lotte Young Plaza, and Lotte Mart, as well as traditional markets like Gwangjang Market and Bangsan Market. The Dongdaemun commercial area, including Hyundai City Outlet and Doota Mall, is also nearby.

A sales official explained, "As the first Hillstate brand complex in the Sewoon district, it is expected to attract a lot of interest. Especially, the urban lifestyle housing units being sold this time can be applied for by anyone aged 19 or older nationwide without the need for a subscription savings account, and there are no restrictions on re-winning."

In Seoul, supply located near the central business district (CBD) is mostly scarce. When a prime location in an old downtown area transforms into a new town through a large-scale sales project, it often closes with high subscription competition rates in a short period.

The subscription market is also hot in Dongdaemun-gu, where redevelopment projects are active. At the end of May, Hyundai Engineering supplied the 'Hillstate Cheongnyangni The First' officetel near Cheongnyangni Station. The subscription application results showed 6,874 applications for 486 units, recording an average competition rate of 14.14 to 1, with all types fully subscribed. The highest competition rate was 213 to 1 for the 84㎡ OF type in Block B.

In this area, Lotte Construction plans to sell the 'Cheongnyangni Station Lotte Castle SKY-L65' officetel in Jeonnong-dong. The supply scale is from 7 basement floors to a maximum of 42 above-ground floors, with a total of 528 units sized 20-30㎡. Among these, 198 units will be sold to the general public. This complex is within walking distance of Subway Line 1 as well as the Bundang Line, Gyeongwon Line, Gyeongchun Line, and Gyeongui-Jungang Line.

In Seodaemun-gu, sales will take place in the second half of this year through the Yeongcheon Station redevelopment project. Bando Construction plans to supply 'Seodaemun Yeongcheon Bando Yubora (tentative name)' in the Yeongcheon-dong 69-20 area of Seodaemun-gu. This complex will consist of 199 apartment units ranging from 59 to 143㎡ and 116 officetel units, with buildings from 5 basement floors to 23 above-ground floors.

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