Hyundai Engineering, 'Hyundai Terra Tower Siheung City Hall Station' Office Leasing
[Asia Economy Reporter Kim Hyemin] Hyundai Engineering announced on the 31st that it will begin full-scale sales of 'Hyundai Terra Tower Siheung City Hall Station,' being constructed in Siheung City, Gyeonggi Province.
'Hyundai Terra Tower Siheung City Hall Station,' located in Block 10 of Janghyeon District in Siheung City, is an office building with 5 basement floors and 10 above-ground floors. Each office unit is equipped with an attic, and balcony spaces are also designed to secure spacious areas. Various auxiliary facilities such as a large conference room, business lounge cafe, private shower rooms, and a creative studio will also be provided.
This location also has strategic advantages. It is situated in the station area of Siheung City Hall Station on the Seohae Line, which is planned to be extended to Gimpo Airport and Goyang Daegok Station in the future. The Sinansan Line is scheduled to open at Siheung City Hall Station in 2025, and the Wolgot-Pangyo Line in 2026. It also offers easy access to the Metropolitan Area 1st Ring Expressway, the 2nd and 3rd Gyeongin Expressways, and the Seohaean Expressway, enabling quick travel to Seoul and other cities.
The office benefits from a rich hinterland demand, with approximately 18,600 households residing in the Siheung Janghyeon District. An administrative town centered around Siheung City Hall, including the central library, sports park, citizen cultural welfare center, and health center, is planned, along with the development of a central commercial district nearby.
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Since offices are not included in the housing count, they are free from various tax burdens, and except for some units, resale is possible. Unlike knowledge industry centers and office-tels for business use, there are no restrictions on tenant industries, which is another advantage.
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