Stable Residence for up to 10 Years at 'Hillstate Dongtan Foret'

Basement 2 Floors to 20 Floors Above Ground, 8 Buildings, 585 Households

Interest is growing in public-supported private rental apartments where residents can live stably without worrying about rental fraud, following the aftermath of jeonse (long-term lease) scams. Among these is 'Hillstate Dongtan Foret,' introduced by Hyundai Construction in Dongtan 2 New Town's New Residential Culture Town.

A real estate agent based in Seoul said on the 29th, "Until two years ago, tenants preferred jeonse because of lower monthly expenses, but now, due to loan interest and the burden of jeonse fraud, they try to minimize the deposit, causing monthly rent for two-bedroom villas to easily exceed 1 million won. In particular, inquiries about public-supported private rentals with reasonable prices and safety have increased, especially for those that allow conversion to ownership rights."

Dongtan Foret is being developed on Block A61 of Dongtan 2 New Town's New Residential Culture Town, consisting of 8 buildings from 2 basement floors to 20 above-ground floors, with exclusive areas of 84㎡ (198 units) and 101㎡ (387 units), totaling 585 units. Some unit types have already completed tenant recruitment. Currently, tenants are being recruited for the remaining units. Public-supported private rentals do not initially provide ownership rights, which often leads to consumer avoidance. However, Dongtan Foret allows for a sales agreement and provision of ownership conversion rights upon satisfying contract conditions. Rent, which can increase up to 5% every two years, is frozen for 10 years, making future purchase financial planning advantageous. Additionally, there is no burden of paying various real estate taxes such as acquisition tax, comprehensive real estate tax, and property tax.

The New Residential Culture Town in Dongtan 2 New Town, where Dongtan Foret is located, is expected to benefit from the semiconductor mega cluster development plan in Namsa-eup, Yongin City, announced by the government last March. Samsung Electronics also plans to invest 300 trillion won to establish a large-scale foundry facility. The GTX-A line, which is scheduled for early opening this March (Dongtan to Suseo section), and the Dongtan urban railway (planned tram) will also be accessible. Right in front are sites planned for kindergarten, elementary, and high schools, providing excellent educational conditions, and above is Wangbaesan No. 3 Park.

The differentiated innovative design is also noteworthy. First, the complex layout is mainly south-facing with slab-type cross ventilation design, and all units adopt a 4-bay 4-room structure to enhance lighting, ventilation, and openness. There are also three-sided balcony designs, large entrance storage, and dressing room spaces, which are expected to further expand storage and space utilization.

A real estate industry official said, "Hillstate Dongtan Foret is called the last hope to enter Dongtan New Town at a reasonable price," adding, "The downside of private rentals is the uncertainty due to the lack of ownership conversion rights, but the fact that the complex can provide ownership conversion rights upon satisfying contract conditions can be a strong advantage for residents."

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