Hyundai Construction to Launch 'Hillstate Sungui Station' in August

A total of 264 residential officetel units to be sold out of 1,012 households
Located near Suin-Bundang Line Sungui Station, offering convenient transportation
Situated in central Incheon with abundant living infrastructure and close to workplaces
Surrounding residential environment to be greatly improved, future value boosted by various development benefits

[Asia Economy Reporter Jo Gang-wook] Hyundai Engineering & Construction announced on the 20th that it plans to launch sales of ‘Hillstate Sungui Station’ near Sungui-dong, Michuhol-gu, Incheon Metropolitan City next month.

Hillstate Sungui Station will be developed on a scale of 1,012 households, including 748 apartment units and 264 residential officetel units, ranging from 4 basement floors to a maximum of 47 floors above ground. Among them, the residential officetel units will be from basement level 3 to a maximum of 47 floors above ground, consisting of 264 units with exclusive areas of 39 to 59㎡. The ‘Hills Avenue Square Mall,’ a street commercial facility within the complex, will be located on the 1st and 2nd floors above ground with 100 units. Looking at the residential officetel units by exclusive area, there will be △29 units of 39㎡ △59 units of 41㎡ △176 units of 59㎡, all designed for residential use.

Prime Location Near Suin-Bundang Line Sungui Station, Convenient Mobility with Various Upcoming Transportation Benefits

Hillstate Sungui Station is an ultra-station area complex located right in front of Sungui Station on the Suin-Bundang Line. The Suin-Bundang Line allows transfers to most subway lines operating in the metropolitan area, including Seoul Subway Lines 1, 2, 3, 4, 5, 7, 8, and 9, Incheon Subway Line 1, Shinbundang Line, and Gyeonggang Line, enabling convenient travel to Seoul and the metropolitan area.

Various transportation benefits are also planned. The ‘Incheon-origin KTX Direct Connection Project’ connecting Suin Line Songdo Station to the Gyeongbu High-Speed Railway (construction started in December 2020) is scheduled to complete construction by 2024. Once opened, it will take about 2 hours and 20 minutes from Songdo to Busan and about 2 hours and 10 minutes to Mokpo. This will eliminate the inconvenience of having to go to Seoul or Gwangmyeong to use the KTX.

Additionally, the Metropolitan Area 2nd Ring Expressway is planned. This road is a circular highway connecting Gimpo, Paju, Namyangju, Osan, Hwaseong, Incheon, and Gimpo in Gyeonggi Province. Among these, the Incheon-Gimpo section passing through Incheon was opened in 2017 and is currently operational, and the Siwha MTV section of the Incheon-Ansan section is scheduled to open next year. Once the entire section is open, travel by car will become even more convenient.

Moreover, it is easy to access the Gyeongin Expressway via nearby Incheon-daero, and the proximity to the 2nd Gyeongin Expressway and Metropolitan Area 2nd Ring Expressway (Incheon-Gimpo section) allows convenient travel to Seoul and the metropolitan area by car.

Abundant Living Infrastructure Including Homeplus, E-Mart, Inha University Hospital... Walking Distance to Incheon Shingwang Elementary School

Within a 1km radius of Hillstate Sungui Station, large marts and medical facilities such as Homeplus Incheon Sungui Branch, E-Mart Dongincheon Branch, and Inha University Hospital are located, providing convenient living. Additionally, cultural facilities such as Incheon Football Stadium and Incheon City Dowon Indoor Gymnasium are nearby, allowing residents to enjoy leisure activities. Furthermore, Shingwang Elementary School is within walking distance, and Gwangseong Middle and High Schools are close by. The proximity to Subong Park and Yonghyeon Gaetgol Retention Basin makes the residential environment pleasant.

Especially, a large-scale urban forest trail is being created in front of the complex, offering an even more pleasant living environment. The ‘Suin Line Wind Path Forest,’ a 1.5km park from Sungui Station to Inha University Station on the Suin Line, will open from this month. The park has been planted with 23,254 trees and 45,230 flowers to create walking paths and plazas, and includes barefoot trails, natural forest playgrounds, and urban ecological forest paths for residents’ health.

The location also offers proximity to workplaces, with various public institutions and industrial complexes such as the Incheon Regional Maritime Affairs and Fisheries Office, Hyundai Steel, Doosan Infracore, Hanjin Heavy Industries, Incheon Machinery Industrial Complex, and Woorim Technovalley nearby, making commuting convenient.

Large-Scale Development Benefits Expected Including Incheon Inner Port Redevelopment and Smart Auto Valley

Hillstate Sungui Station is expected to have high future value due to various development benefits planned around it. First, the residential environment is expected to improve significantly due to large-scale development in Michuhol-gu. The Yonghyeon-Hakik 1 Block Urban Development Project, which will create about 13,000 households, is underway near the complex, and the 7th Block (about 664 households) is also undergoing redevelopment. Once these projects are completed, Michuhol-gu is expected to transform into a leading new residential area representing Incheon.

Nearby, the Incheon Inner Port redevelopment project is also planned. According to the Ministry of Oceans and Fisheries’ ‘Incheon Inner Port Future Vision’ data, Incheon Inner Port will be developed into five specialized districts: marine culture, complex business, open residential, innovative industry, and tourism leisure districts. Additionally, three main axes will be created by linking existing tourist resources such as Chinatown, the Sinpo-dong area’s hinterland old town, and the area around Incheon Station with the waterfront space of the inner port to maximize the synergy effect of port redevelopment.

There is also the Smart Auto Valley. According to Incheon Port Authority data, the Smart Auto Valley development project is a one-stop system used car export complex combined with cultural and tourism content, starting phase 1 development near the Incheon South Port this year, with plans to develop up to phase 3 in the future. To improve the nearby transportation environment, a South Port bypass road will be constructed, and a tram (Bupyeong Coastal Pier Line) will be established to enhance transportation convenience. Furthermore, a park utilizing waterfront space within the site will be created, along with a skywalk tourist facility and a sea promenade, planned to be developed as a landmark facility of Incheon.

Residential Officetel Features Advanced Design Prioritizing Residents’ Health Including ‘Zero Rust Water System’

Hillstate Sungui Station also offers brand premium. The Hillstate brand ranked first in the ‘2020 Apartment Brand Power Survey’ announced by real estate research company Dr. Apartment in November last year, marking the top spot for two consecutive years. It received the highest evaluation in the overall ranking combining response rates in four categories: awareness, preference, brand value, and desired purchase brand. In the apartment brand reputation survey announced by the Corporate Reputation Research Institute, ‘Hillstate’ ranked first for 27 consecutive months from April 2019 to June this year.

It also boasts excellent product quality befitting its brand value. The residential officetel consists of 264 units within a large complex of 1,012 households, and the 59㎡ units are designed with 2 rooms and a 3Bay layout, allowing versatile space utilization. A ventilation system with HEPA filters equivalent to air purifiers is provided, and a paid option adds air purification functionality to the ceiling-type system air conditioner to reduce indoor fine dust, maintaining a comfortable indoor environment. Additionally, facilities that protect residents’ health, such as the zero rust water system (All STS System) using stainless steel piping to prevent rust water, are applied.

Community facilities will include a fitness center, GX room, and other resident exercise and lifestyle support facilities. Individual storage units will be supplied for residential officetel residents to enhance residential convenience.

Hills Avenue Square Mall Applies Products Maximizing Demand Securing... Ample Parking Space Secured

The commercial facility within the complex, ‘Hills Avenue Square Mall,’ will be developed as a street shopping area along a main road, located at the starting point of the Suin Line Wind Path Forest and Sungui Station nearby, offering excellent visibility and accessibility.

Product design to maximize demand securing is also concentrated. An entrance plaza is created at the starting point of the Suin Line Wind Path Forest on the 1st floor, designed as a gathering-centered space that can be used as a meeting place. Additionally, the 2nd-floor commercial facility features a terrace-style flow line at the front, allowing a view of the 1st-floor entrance plaza and the street to maximize exposure. Hills Avenue Square Mall has secured ample parking spaces exceeding the legal parking requirements. Parking spaces are also provided on the 2nd floor above ground, reducing parking burdens for visitors.

Residential officetel and Hills Avenue Square Mall also have the advantage of being relatively free from regulations such as subscription and loans compared to apartments. Hills Avenue Square Mall has no resale restrictions and is not counted as a housing unit when owned. Officetel sales rights are not included in the number of houses when calculating acquisition tax and are not considered housing when applying for apartment subscriptions.

A Hyundai Engineering & Construction sales official said, “Hillstate Sungui Station is a ‘Hillstate’ brand residential complex located in a prime location near the Suin-Bundang Line station, offering abundant living infrastructure and brand premium. With many development projects expected to open transportation networks and improve the residential environment, its future value is high, and we expect strong interest from demanders.”

Hillstate Sungui Station is currently operating a sales promotion center.

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