Hyundai Construction to Supply 'Hillstate Bongdam' in December

[Asia Economy Reporter Yuri Kim] Hyundai Construction announced on the 6th that it plans to recruit tenants for the public-supported private rental housing "Hillstate Bongdam," which will be supplied in Bongdam 2 District, Hwaseong City, Gyeonggi Province, in December.

The company stated, "With apartment prices in the metropolitan area rising sharply and the jeonse (long-term deposit lease) crisis spreading, there is high anticipation among actual demanders for this public-supported private rental housing," adding, "Hillstate Bongdam attracts attention by offering the same level of quality as privately sold apartments and excellent living infrastructure."

Hillstate Bongdam is located in B-3 Block of Bongdam 2 District, Sang-ri, Bongdam-eup, Hwaseong City. It is a large complex consisting of 11 buildings, ranging from one basement floor to a maximum of 25 floors above ground, with a total of 1,004 households and exclusive areas of 62 to 84㎡. The units are composed of ▲62㎡ 80 households ▲72㎡A 88 households ▲72㎡B 222 households ▲84㎡ 614 households, mainly small to medium-sized units preferred by residents.

The company explained that public-supported private rental housing has the advantage of less stringent subscription qualifications compared to public rental housing and provides products and services at the same level as privately sold apartments by private construction companies.

Anyone aged 19 or older who is a member of a household without home ownership can apply for subscription regardless of whether they have a subscription savings account, income level (based on general supply), or residence. The lease is guaranteed for eight years, reducing worries about moving. There is no restriction on re-winning when applying for subscription. The initial rent is set at about 95% of the surrounding market price, and the rent increase rate is limited to within 5% annually. It is also advantageous that there is no burden of acquisition tax or holding tax.

Bongdam 2 District in Hwaseong is a public housing district located in the areas of Sang-ri, Suyeong-ri, and Donghwa-ri in Bongdam-eup. It covers a total area of approximately 1.43 million square meters, with about 11,400 households planned and a population of about 28,000. Through Bongdam IC, which connects to Bongdam District, it is easy to access the Pyeongtaek-Paju Expressway, the Metropolitan Area 2nd Ring Expressway (Bongdam-Dongtan section), and the Gwacheon-Bongdam Urban Expressway. The Omokcheon Station on the Suin Line double-track railway, which opened in September, is accessible. The Suin Line connects Suwon Station in Paldal-gu, Suwon, to Incheon Station in Jung-gu, Incheon.

Right next to Hillstate Bongdam are a kindergarten (planned), Suhyeon Elementary School, and Suhyeon Middle School (planned), all located side by side. The high school (planned) is about 500 meters away, making walking to school possible. Additionally, nearby facilities include a coffee complex cultural facility (small library) and Hwaseong City Bongdam Library.

In front of Hillstate Bongdam, a central commercial district is planned, and nearby are Homeplus (Seosuwon branch), AK Plaza (Suwon branch), and Lotte Mall (Suwon branch). Bongdam Lake Park and Hwaseong National Sports Center are also accessible.

The complex is arranged mainly facing south to secure excellent sunlight and views, and is designed mainly with slab-type units (except 72㎡B) for good ventilation. Additionally, 4-bay designs are offered by unit type (except 62㎡), and efficient space utilization is possible with features such as entrance storage, dressing rooms, pantries (applied to 72㎡A and B), and built-in storage spaces. Plans include installing a daycare center within the complex, as well as kid-specialized facilities such as an indoor children's playground and mom's caf?, along with various community facilities including a fitness center, GX room, indoor golf practice range, sauna, and clubhouse.

Residents will also be provided with the residential specialized service "Hillstate Plus," which includes life support services (living, health, leisure, etc.) and educare services (education, safe childcare, play and experience, etc.). They have partnered with Woori Leo PMC, a professional residential service management company.

Life support services include convenience services such as waste separation and air conditioner cleaning, as well as paid services like moving support, used car appraisal, and removal of new house syndrome. The "Greeting" service delivers healthy meals from Hyundai Green Food to residents' homes to support healthy living. Additionally, a camping site will be operated within the complex for leisure enjoyment.

The model house is located at 895-1 Maesong Gosaek-ro, Gwonseon-gu, Suwon City. The expected move-in date is June 2021.

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