Hyundai Engineering's 'Hillstate Suwon Terrace' Closes Subscription with an Average of 47.25 to 1

A Total of 12,143 Subscription Applications Received... Highest Competition Rate Recorded at 274.82 to 1
Winners Announced on the 10th, Official Contracts Conducted Over 3 Days from the 14th to the 16th

Perspective view of Hillstate Suwon Terrace.

[Asia Economy Reporter Kangwook Cho] Hyundai Engineering opened a model house on the 28th of last month and introduced the urban terrace house "Hillstate Suwon Terrace" in Gwonseon-gu, Suwon City, which recorded a subscription closing with a competition rate of up to 274.82 to 1.

According to the Korea Real Estate Agency's subscription homepage on the 8th, Hillstate Suwon Terrace, which held subscription applications on the 7th, received a total of 12,143 applications for 257 units, closing the subscription with an average competition rate of 47.25 to 1.

The industry evaluates that this result was somewhat expected even before the model house opened. The demand for the complex was strongly felt as reservations to visit the model house through the Hillstate Suwon Terrace website were fully booked immediately after the application started.

A sales official said, "As an urban terrace house that enjoys everything from city life to healing life, it seems that providing an optimal residential environment for the post-COVID-19 era led to excellent subscription results," adding, "Since satisfaction was also high due to Hillstate's various specialized designs that enhanced residential comfort, we expect good results in the upcoming contracts."

Hillstate Suwon Terrace is a terrace house developed on 225-30, Seodun-dong, Gwonseon-gu, Suwon City, consisting of 13 buildings from 2 basement floors to 4 above-ground floors, with a total of 257 households of exclusive areas of 55㎡ and 84㎡. All units are presented in a terrace-type structure, and some units feature duplex (a structure integrating two floors for use as one household) and rooftop structures.

The upcoming schedule includes the announcement of winners on the 10th, and the official contract period will be held for three days from the 14th to the 16th.

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