Hyundai Engineering's 'Hillstate Indukwon' Subscription Closes... Average Competition Rate 231.8 to 1

80,892 Applications for 349 Households... Average 231.8 to 1, Highest 847.7 to 1
Long-Term General Private Rental Housing Established in Poildong with Convenient Residential Environment
Winners Announced on the 11th, Official Contracts from the 22nd to 25th

Hillstate Indeogwon Rendering / Provided by Hyundai Engineering.

[Asia Economy Reporter Jo Gang-wook] ‘Hillstate Indeokwon,’ supplied by Hyundai Engineering at 506-1 Poil-dong, Uiwang-si, Gyeonggi Province, has closed its subscription with a competition rate of several hundred to one.

According to Hyundai Engineering on the 10th, the subscription reception held over two days from the 7th to the 8th attracted a total of 80,892 applications for 349 households, recording an average competition rate of 231.8 to 1. In particular, the 74㎡ exclusive area size saw 42,385 applications for 50 households, showing the highest competition rate of 847.7 to 1.

A sales official said, "This complex, which is a long-term general private rental housing, is located in the core area of southern Gyeonggi, Poil-dong, and it seems that the excellent location environment and the possibility of stable residence for up to 10 years have attracted demand."

Following the announcement of winners on the 11th, the official contract period will be held for four days from the 22nd to the 25th.

The complex is about 1 km away from Indeokwon Station on Line 4. In addition, accessibility to metropolitan areas such as Pangyo and Suwon is excellent via the Metropolitan Area 1st Circular Expressway, 2nd Gyeongin Expressway, and Yongin-Seoul Expressway.

Nearby shopping facilities include Hanaro Mart and LF Outlet, and the Indeokwon Station commercial district houses Lotte Cinema, banks, and hospitals. The school districts include Poil Elementary School and Baegun Middle School, and natural environments such as Hagui Stream, Baegun Lake, Moraksan Mountain, and Poil Park are adjacent.

Various development benefits are also expected. Indeokwon Station has been proposed as an additional stop on the GTX-C line (planned), which selected a preferred negotiator last year and is now in full-scale development. Once opened, it will be possible to reach Gangnam Yangjae Station in two stops and Samsung Station in three stops. The Wolgot-Pangyo Line (planned) and Indeokwon-Dongtan double-track railway (planned) projects are also underway.

Inside the complex, various community facilities such as a fitness center, small library, and daycare center are provided, along with a shared underground storage space for residents. All households in the complex consist of small to medium-sized units preferred by 2-3 person households and newlyweds. Kimchi refrigerators, air conditioners, and induction cooktops are also provided as standard.

Meanwhile, the Hillstate Indeokwon model house is located in Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi Province. Move-in is scheduled for August 2025.

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