Hyundai Construction to Launch 'Hillstate Gwanggyo Jungang Station First' in July

One-Stop Residential Complex Developed in the Heart of Gwanggyo
4 Buildings from Basement 7 to Ground 20 Floors, Total 211 Units Residential Complex
Supply in Large-Scale Land Development Zone, Subscription Available for Residents of Seoul and Metropolitan Area

Hillstate Gwanggyo Jungang Station First Perspective Rendering.

[Asia Economy Reporter Jo Gang-wook] Hyundai Construction announced on the 10th that it will offer for sale ‘Hillstate Gwanggyo Jungang Station First’ in July at Block C6 of the Gwanggyo Residential Development District in Iui-dong, Yeongtong-gu, Suwon-si, Gyeonggi-do.

This complex consists of 4 buildings ranging from 7 basement floors to 20 above-ground floors, with a total of 211 households, and includes a commercial facility called ‘Hills Avenue Gwanggyo Jungang Station First’ with a total floor area of approximately 42,776㎡. By exclusive area, there are △60㎡A with 33 households △60㎡B with 22 households △69㎡ with 52 households △84㎡ with 104 households, and all units apply the highly preferred 4Bay design.

‘Hillstate Gwanggyo Jungang Station First’ is the only residential complex located within Gyeonggi Convergence Town, the final phase of the Gwanggyo New Town development. In particular, it is expected to attract much interest from buyers due to the already completed diverse living infrastructure of Gwanggyo New Town as well as the future vision brought by the development of Gyeonggi Convergence Town.

Hillstate Gwanggyo Jungang Station First Location Map.

Core Location in Gwanggyo New Town Enjoying Completed Infrastructure

‘Hillstate Gwanggyo Jungang Station First’ is located in the core area of the fully developed Gwanggyo New Town, so its future value after moving in is also expected.

Gwanggyo New Town is an administrative complex city and self-sufficient new town planned for about 31,000 households and 78,000 population. Among them, the area around Gwanggyo Jungang Station, where Gyeonggi Convergence Town and various infrastructures are concentrated, is considered a key location representing the region. In particular, Gyeonggi Convergence Town, which includes the new Gyeonggi Provincial Government Office, Gyeonggi Provincial Assembly, Gyeonggi Provincial Office of Education, Bank of Korea Gyeonggi Headquarters, and Gyeonggi Library, is scheduled for completion by December 2023, raising expectations for proximity to work and future value.

Transportation conditions are also excellent. The Shinbundang Line’s Gwanggyo Jungang Station, which allows direct travel to Pangyo, Yangjae, Gangnam, and Sinsa, is located right in front of the complex and will be connected from the complex’s basement level 3. Furthermore, a metropolitan transfer center accessible by 17 bus routes is planned to be connected on basement level 2, enabling convenient use of both subway and metropolitan buses. Notably, there are currently only two underground metropolitan transfer centers in Korea?Jamsil and Gwanggyo?making this feature even more valuable.

The educational environment is favorable as well. An elementary school site is planned within Gyeonggi Convergence Town, allowing students to commute without crossing roads. Additionally, various school districts such as Sinpung Elementary, Sanui Elementary, Dasan Middle, Yeonmu Middle, and Gwanggyo High School are nearby, and the ‘Gyeonggi Library,’ the largest library in Gyeonggi Province, is adjacent, providing an excellent educational environment.

Another advantage is the proximity to the completed infrastructure of Gwanggyo New Town. Near the complex are large-scale complex shopping malls and exhibition centers such as Lotte Outlet, Lotte Cinema, Galleria Department Store, and Suwon Convention Center, as well as the 2 million㎡ Gwanggyo Lake Park, enabling a high-quality residential lifestyle.

A large-scale commercial facility will be developed within the complex, allowing residents to enjoy a one-stop lifestyle. ‘Hills Avenue Gwanggyo Jungang Station First,’ spanning from basement level 3 to above-ground level 3 with a total floor area of approximately 42,776㎡, will be developed as a mixed commercial facility combining indoor and outdoor spaces.

Perspective view of Hillsstate Gwanggyo Jungang Station First commercial building.

30% Supply to Local Area, 20% to Gyeonggi, 50% to Metropolitan Area... 100% Point-Based System Applied

‘Hillstate Gwanggyo Jungang Station First’ is located in the large-scale residential development district of Gwanggyo New Town and allows first-priority subscription from the metropolitan area. The regional allocation ratio is 30% for residents who have lived in the local area for more than 2 years, 20% for residents who have lived in Gyeonggi Province for more than 2 years, and 50% for residents of Seoul and other metropolitan areas.

All supply units are composed of exclusive areas of 85㎡ or less, and a 100% point-based system will be applied. Gwanggyo New Town is designated as a speculative overheating district, and due to the application of the public land price ceiling system, resale restrictions on pre-sale rights will apply for 10 years.

A Hyundai Construction sales official said, "There is strong interest from buyers as this is the last residential-commercial complex site developed in the core area of Gwanggyo New Town," adding, "We plan to make every effort to establish it as a landmark in the area by applying Hillstate’s excellent product quality and specialized design."

The model house for ‘Hillstate Gwanggyo Jungang Station First,’ scheduled to open in July, will operate by advance reservation to prevent and contain the spread of COVID-19.

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