Hillstate Doan 2nd Phase, Subscription Competition Rate '67 to 1'

[Asia Economy Reporter Yuri Kim] Hyundai Engineering's residential officetel "Hillstate Doan Phase 2," launched in Doan New Town, Daejeon, closed its subscription with an average competition rate of 67 to 1. Following "Hillstate Doan," which sold out within four days of contract start with an average competition rate of 223 to 1 in the first half of this year, the subscription closed with a high competition rate.

According to Hyundai Engineering on the 7th, the Hillstate Doan Phase 2 subscription held on the company's website from the 2nd to 3rd received 34,740 applications for 516 units, recording an average competition rate of 67.32 to 1. The highest competition rate was in Block 4, Group 1, which received 6,619 applications, showing a competition rate of 330.95 to 1.

A sales official explained, "As a follow-up complex located right next to Hillstate Doan, it consists of small to medium-sized units, which are scarce in Doan New Town. Additionally, the low-floor attic specialized design, which is rarely seen in other complexes, and the domestic first application of Hyundai Engineering's specialized residential product 'Next Smart Solution' acted as strengths."

Hillstate Doan Phase 2 is a residential officetel built on 667-1 Yonggye-dong, Yuseong-gu, Daejeon, consisting of 8 buildings from 4 basement floors to 14 above-ground floors, with 516 units. The officetel was supplied divided into 258 units in Block 4 and 258 units in Block 7, characterized by exclusive areas of 84㎡ suitable for families of 3 to 4 members. On the low floors of the complex, the commercial facility "Hills Avenue Doan Phase 2" will be developed with a total area of approximately 17,159.57㎡ and a total of 166 stores.

The contract for winners is until the 7th, with a fixed first deposit of 10 million KRW and a 60% interest-only deferred payment for the intermediate payment. For commercial facilities, a 40% interest-free intermediate payment is provided.

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