Hyundai Construction to Launch 'Hillstate Namsan' for Sale in August

Urban Lifestyle Housing with a Total of 282 Units... 2 Buildings from Basement Level 3 to 9 Floors Above Ground
Various Types to Broaden Buyer Choices, Composed of Exclusive Areas from 21 to 49㎡
Future Value through Seoun Redevelopment Promotion District Development in Less Regulated Urban Lifestyle Housing
Located in the Heart of Seoul... Convenient Commute Using 4 Subway Lines

Hillstate Namsan Perspective / Provided by Hyundai Construction.

[Asia Economy Reporter Kangwook Cho] Hyundai Engineering & Construction announced on the 3rd that it plans to sell units in ‘Hillstate Namsan,’ which will be developed this month in Mukjeong-dong, Jung-gu, Seoul.

This complex consists of two buildings ranging from three basement floors to nine above-ground floors, with 282 units sized between 21 and 49㎡, and includes a commercial facility called ‘Hills Avenue Namsan.’ The commercial facility will be located from the first basement floor to the first floor above ground.

Hillstate Namsan will be supplied as urban lifestyle housing, which has the advantage of relatively fewer regulations. Urban lifestyle housing does not require a subscription savings account, and anyone aged 19 or older can apply. Winners are selected by lottery rather than a point system, and there are no restrictions on re-winning. Additionally, there is no obligation for actual residence, making it less burdensome compared to apartments. Unlike officetels, it is subject to the Housing Act, allowing for installations such as balconies, enabling more efficient use of space.

The future value of the Jung-gu area where the complex is located is also promising. Nearby, the Sewoon Redevelopment Promotion District project is actively redeveloping the Euljiro Sewoon Shopping Center area. Once the entire project is completed, a large residential town with a total of 3,885 households is planned to be established.

Abundant demand from the surrounding area is also expected. According to Statistics Korea, as of 2019, 1-2 person households in Jung-gu, Seoul, account for about 67.26% of all households, the second highest in Seoul after Gwanak-gu (72.39%). Especially since residential supply is scarce in Jung-gu, Seoul, the rarity is high. According to Real Estate 114 data, as of the 23rd, the total number of apartment units in Jung-gu, Seoul, is 23,903, which is only about 1.36% of the total supply (1,755,804 units).

Hillsstate Namsan bird's-eye view / Provided by Hyundai Construction.

The complex is close to Gwanghwamun Central Business District, one of Seoul’s three major business districts, making commuting to City Hall, Gwanghwamun, and Jongno convenient. Additionally, it is located within 300 meters in a straight line from Chungmuro Station on Seoul Subway Lines 3 and 4, providing excellent access to public transportation. Within a 1 km radius, there are also Dongdaemun History & Culture Park Station on Lines 4 and 5, and Euljiro 4-ga Station on Lines 2 and 5. Major roads such as Gangbyeonbuk-ro, Dongbu Expressway, and the Inner Ring Road are nearby, allowing easy travel not only within Seoul but also to the metropolitan area by car.

Various lifestyle infrastructures are available. Residents can conveniently access shopping and cultural facilities such as Lotte Department Store Main Branch, Shinsegae Department Store Main Branch, Lotte Young Plaza, Lotte Mart Seoul Station Branch, Gwangjang Market, Bangsan Market, Jungbu Market, Namdaemun and Dongdaemun Markets, and CGV Myeongdong and Myeongdong Station branches. Large hospitals such as Inje University Seoul Paik Hospital, National Medical Center, and Seoul National University Hospital, as well as sports facilities like Chungmu Sports Center and Hoehyeon Sports Center, are also easily accessible. Tourist attractions such as Jongmyo Shrine, Changdeokgung Palace, Deoksugung Palace, and Dongdaemun Design Plaza (DDP) are nearby.

The educational environment is excellent. Chungmu Elementary School is within walking distance, and Deoksu Middle School, Lila Art High School, and Ewha Girls’ High School are nearby. Nearby universities include Dongguk University, Soongui Women’s University, and Hongik University Daehakro Campus. The area around the complex is also rich in green spaces. Namsangol Park, Namsan Park, Dongdaemun History & Culture Park, and Cheonggyecheon Stream are close by, providing a pleasant living environment. Some units offer views of Namsan.

Hillsstate Namsan Area / Provided by Hyundai Construction

The complex also boasts excellent features. Except for the 21㎡ A-type units, all units will have dressing rooms and hotel-style separated bathrooms. Storage rooms will be provided in the basement common area, pantries will be included in units sized 38㎡ or larger, and some units will have terraces. Some units will feature wide roof terraces.

A Hyundai Engineering & Construction sales official said, "Hillstate Namsan is a ‘Hillstate’ brand complex that offers the advantage of living in the heart of Seoul, making it highly valuable." He added, "Additionally, since it is supplied as urban lifestyle housing, which is relatively free from regulations compared to apartments, we expect strong interest from buyers."

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