Hyundai Engineering to Launch Commercial Facility 'Hills Avenue Dobong Station Welga' for Sale in January
[Asia Economy Reporter Yuri Kim] Hyundai Engineering announced on the 30th that it plans to sell the commercial facility 'Hills Avenue Dobong Station Welga' in the area around 63 Dobong-dong, Dobong-gu, Seoul, in January next year. This is a commercial space within the 'Hillstate Dobong Station Welga' residential officetel complex, which was fully sold out within five days of the official contract.
Hills Avenue Dobong Station Welga will be located on the first floor above ground and consist of 62 units ranging from 20 to 54㎡ (exclusive area). Hillstate Dobong Station Welga is composed of four buildings from basement level 2 to the 20th floor, with 355 units sized between 59 and 84㎡.
Hills Avenue Dobong Station Welga already has a fixed demand from the 335 residential officetel units of Hillstate Dobong Station Welga, which were previously sold. A sales official explained that the commercial facility is located in the central area of the Dobong-gu residential town, so abundant hinterland demand is expected. According to Real Estate 114 data, about 6,475 households have been established within a 500m radius of the commercial facility. Including the demand from the 355 units of Hillstate Dobong Station Welga, approximately 6,800 households will reside in the area.
It is a double station area located at the center of Dobong Station on Subway Line 1 and Dobongsan Station on Lines 1 and 7. According to Seoul Metro data, the number of passengers boarding and alighting at Dobongsan Station on Line 7 reached 7,800,887 last year. It was found that an average of 10,686 people use the station daily.
Hills Avenue Dobong Station Welga will be developed as a face-to-face street shopping mall approximately 45 meters long on the entire first floor above ground. It features a high ceiling height of about 4.5 meters to create a sense of openness and plans to maximize foot traffic by creating a plaza-type open space. The first floor also includes a dedicated parking lot for the commercial facility.
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The model house for Hills Avenue Dobong Station Welga is located at 320-4 Wolgye-dong, Nowon-gu, Seoul.
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