Gwangju Subway Line 1 Dolgogae Station Area 'Hillstate Wolsan', Contracts Start from 19th

- Local Transit-Oriented Apartments Record High Subscription Competition Rates
- Gwangju Subway Line 1 Dolgogae Station Transit-Oriented 'Hillstate Wolsan' Contracts Held for 3 Days Starting the 19th

[Hillstate Wolsan Perspective]

The value of properties near subway stations is particularly high in regional sales markets. Since various living infrastructures such as shopping, culture, and convenience facilities are established around the station, apartments in station areas offer easy access to these amenities. Additionally, there is a high possibility of various development benefits planned near the station, such as station area development projects, so when station area apartments that can enjoy these benefits are supplied, they attract strong interest from buyers.

Moreover, station area complexes with high residential convenience have abundant demand for monthly rent or lease, making them competitive in rental and sales markets even during downturns, and their prices tend to be relatively higher compared to less favorable locations. Therefore, they not only form high market prices but also have potential for future price increases.

Based on these advantages, new complexes located in station areas are recording high subscription competition rates and are thriving in the real estate market.

For example, in January, ‘Raemian Forestage’ in Dongnae-gu, Busan, recorded a high average competition rate of 58.98 to 1 in the first subscription round. This complex is located near Oncheonjang Station on Busan Subway Line 1 and has a strong brand, gaining much popularity among buyers. In May, ‘Gimhae Gusan Prugio Partter’ in Gimhae, Gyeongnam, also closed the first subscription round with a competition rate of 23.99 to 1. It is a branded complex near Jangsin University Station on the Busan-Gimhae Light Rail Transit, close to elementary schools and abundant green spaces.

A real estate expert said, “When subways or railroads are introduced in cities, stations become hubs rather than roads, and commercial, office, and shopping facilities for residents near the station and users of the station are expanded. Especially in regional areas, the phenomenon of station areas becoming focal points for regional development intensifies, increasing preference for station area complexes.”

Meanwhile, station area apartments are currently being supplied in Gwangju, attracting buyers’ attention. Hyundai Engineering is selling ‘Hillstate Wolsan’ in Wolsan-dong, Nam-gu, Gwangju. The complex consists of 14 buildings with 2 basement floors and 12 to 20 above-ground floors, with a total of 741 units ranging from 49 to 84 square meters of exclusive area. Among these, 161 units are available for general sale.

The complex is a station area apartment located within walking distance of Dolgogae Station on Gwangju Subway Line 1. It is adjacent to Wolsan-ro in front of the complex, as well as Daenam-daero, Jukbong-daero, Sangmu-daero, and Honam Expressway (Seogwangju IC), allowing residents to enjoy a well-connected transportation network that facilitates easy travel throughout Gwangju and to other cities. In addition, the Gwangju Express Bus Terminal is nearby, and the city’s first circular Line 2, Baegun Square Station (tentative name), is scheduled to open, further improving transportation conditions.

‘Hillstate Wolsan’ offers excellent educational environments. Wolsan Elementary School is located near the complex, allowing children to commute safely. Mujin Middle School is also within walking distance, and the nearby Bongseon-dong academy district provides abundant educational infrastructure for convenient access.

Inside the complex, various cutting-edge systems unique to Hillstate will be installed for residents’ convenience. These include a home network system that allows control of home devices from outside, and the Hi-oT system, a smartphone-based service integrating IoT-connected home appliances.

The winners of ‘Hillstate Wolsan’ were announced on the 7th, and the official contracts will be conducted over three days from the 19th (Monday) to the 21st (Wednesday) at the model house.

Move-in is scheduled for December 2024.

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