Composed of Small & Fully Furnished Units... Hillstate Dongtan Le Centum Office

- Growing Popularity of Small Offices Due to Increase in Online-Based Industries and One-Person Creative Enterprises
- Clear Popularity of Small Offices in Major Business Districts of Seoul and Key Techno Valleys in the Metropolitan Area

While the popularity of small-sized units has somewhat cooled in the housing market, the office market continues to see strong demand for small offices. This trend is attributed to the remarkable growth of small-scale businesses such as online-based companies and one-person creative enterprises, which is sustaining the popularity of small offices in the office market.

According to the "2022 One-Person Creative Enterprise Survey" released by the Ministry of SMEs and Startups, the number of one-person creative enterprises in Korea was recorded at 917,365 in 2020. This figure is more than double the 458,322 recorded in 2019. Furthermore, the number has shown a steady upward trend from 402,612 in 2017 to 427,367 in 2018, and 458,322 in 2019.

Online-based industries and one-person creative enterprises typically do not require large office spaces. As a result, with the increase in telecommuting and the operation of satellite offices, demand for small offices is rising, according to industry analysis.

Consequently, in areas densely populated with companies such as major business districts in Seoul and techno valleys and venture valleys in the metropolitan area, the popularity of small offices is becoming more pronounced. In particular, small offices in the sales market have been selling out continuously.

For example, the section office "Nollaum Magok" supplied in the Magok area of Gangseo-gu, Seoul, sold out in a short period, and "Indeogwon Station The Live Dehaut" supplied in Anyang Venture Valley also quickly sold out after introducing a small office design.

An industry insider said, "Another advantage of small offices or section offices is the lower price burden," adding, "They can be invested in with a small amount, and as demand increases, tenant risks are rapidly decreasing, which is attracting more interest from investors. The popularity is expected to continue."

Amid the continued popularity of small offices in major business districts, Hyundai Engineering is attracting attention by offering the 'Work-Life Integration (Work-Life Integration) Office,' a new concept small office that harmonizes work and rest, in the 'Hillstate Dongtan Le Centum' office located in Dongtan Techno Valley, Dongtan 2 New Town.

[Le Centum Office On-site Inspection]

Hillstate Dongtan Le Centum is a residential complex located in Support Block 35 of Dongtan 2 New Town, consisting of three buildings from basement level 2 to ground level 24, combining Work-Life Integration offices, residential officetels, and commercial facilities. Among these, the Work-Life Integration office comprises 403 units, and 27 commercial units are included.

The Work-Life Integration offices in the complex, designed distinctively by Hyundai Engineering to enhance work comfort and efficiency, notably include an attic, bathroom, trendy pantry space, and are fully furnished to maximize the harmony of work and rest. Additionally, the ground floor features various community spaces such as shared meeting rooms to facilitate work convenience.

Hillstate Dongtan Le Centum is located in a prime position within Dongtan Techno Valley. It is situated on a main road with excellent accessibility and visibility, which is highly regarded in the office market, and boasts convenient transportation and outstanding access to Seoul, key requirements in the metropolitan office market.

About 2 km away is SRT Dongtan Station, and right in front of the complex is a bus stop where wide-area buses traveling to Gangnam, Jamsil, and Seoul Station stop, providing excellent regional transportation networks. Additionally, Giheung IC is located 600 meters in a straight line from the complex, and recently, the 'Gyeongbu Dongtan Tunnel,' the nation's first underground highway passing through Dongtan 2 New Town, was opened.

Furthermore, SRT Dongtan Station is expected to be connected to the GTX-A line (targeted for the first half of 2024), Dongtan Tram (scheduled for 2027), and the planned extension of the Bundang Line. The Giheung IC, a notorious congestion point, recently completed improvement works to alleviate traffic jams, further enhancing accessibility to Seoul and the metropolitan area.

A sales official stated, "In addition, since the complex is developed as a mixed-use business facility, unlike knowledge industry centers, there are fewer restrictions on business types, allowing companies from various industries to move in, which continues to attract steady interest." He added, "Moreover, reasonable sale prices and financial benefits such as interest-free intermediate payments have eased the price burden for buyers, which has been growing due to rising raw material costs and interest rate hikes, leading to high interest and inquiries."

Meanwhile, Hillstate Dongtan Le Centum is also conducting sales of commercial facilities alongside the Work-Life Integration offices. In particular, the commercial facilities are attracting attention by offering the 'Le Centum Rental Program,' which guarantees a 5% annual rental income for two years regardless of rental or vacancy status, providing exceptional benefits.

The offices and commercial facilities of Hillstate Dongtan Le Centum are currently available for first-come, first-served contracts at the model house, which is located in the Yeongcheon-dong area of Hwaseong-si, Gyeonggi-do.

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