‘Hillstate Gwacheon Decentro’ Draws Strong Demand, Contracts Active

- Second officetel and office units sold out, first officetel exclusive 56㎡A contracts completed
- Growing interest due to consecutive company move-ins in Gwacheon Knowledge Information Town

[Hillstate Gwacheon Decentro Perspective View]

'Hillstate Gwacheon Decentro,' developed as a prime station-area complex in the heart of Gwacheon Knowledge Information Town, is attracting popularity not only with the complete sale of its second phase units but also with contracts for the remaining units.

According to the real estate industry, following the complete sale of the second phase officetels and offices, all 56㎡A-type officetel units from the remaining first phase inventory have also been fully contracted. Additionally, contracts for some remaining 80㎡ and 84㎡ officetel units from the first phase are progressing rapidly, with full sales expected soon. Demand continues for the remaining office units (first phase) and commercial spaces as well.

The strong contract momentum for Hillstate Gwacheon Decentro is attributed to the steady influx of companies related to future industries such as IT, pharmaceuticals and bio, and new materials moving into Gwacheon Knowledge Information Town, which has refocused buyers' interest, according to industry evaluations. Furthermore, the renewed recognition of Gwacheon City's real estate value, which has maintained a steady upward trend despite market instability, has also contributed to its popularity.

A Gwacheon City real estate official stated, "As companies settle smoothly in Gwacheon Knowledge Information Town and demand expands, investor interest to secure these opportunities has increased, leading to smooth contract progress." He added, "Following the strong demand for officetel contracts at Hillstate Gwacheon Decentro, inquiries for the remaining office units and commercial spaces have surged, which is also analyzed as a result of the steady inflow of corporate and related personnel demand."

Another real estate official commented, "While the expansion of underlying demand has had an impact, fundamentally, Gwacheon's quasi-Gangnam location and future value have become more prominent amid market instability, drawing renewed attention from buyers." He continued, "In fact, despite market instability, Gwacheon City has maintained a steady real estate price increase, leading to continuous buyer interest and ongoing inquiries for property purchases."

Meanwhile, Hillstate Gwacheon Decentro is a residential complex combining officetels, section offices, and commercial facilities, located in Blocks 1-2 and 3 of the commercial area in Gwacheon Knowledge Information Town, Gwacheon-si, Gyeonggi-do (first phase), and Blocks 3-1 and 3-2 (second phase). The complex consists of two buildings, one in each block, ranging from six basement floors to 15 above-ground floors.

The officetels range from 25 to 84㎡ in exclusive area, totaling 359 units (126 units in the first phase, 233 units in the second phase). The offices range from 25 to 75㎡, totaling 298 units (130 units in the first phase, 168 units in the second phase), and the commercial facilities comprise 99 units (59 units in the first phase, 40 units in the second phase).

The complex boasts a convenient transportation environment as it is located adjacent to the Gwacheon Knowledge Information Town Station on Subway Line 4 (tentatively named, scheduled to open in 2025). Nearby is the Government Complex Gwacheon Station on Subway Line 4, where future GTX-C line and Wirye-Gwacheon Line plans are underway, which is expected to further improve accessibility to Gangnam and other parts of Seoul.

The solid infrastructure is also notable. Being situated in the central commercial district allows easy access to abundant cultural and convenience facilities. Planned elementary and middle school sites and neighborhood parks within Gwacheon Knowledge Information Town are also nearby. Additionally, large shopping facilities such as Gwacheon E-Mart and Lotte Department Store Beomgye Branch are located close by.

Amid these advantages, Hillstate Gwacheon Decentro offers various financial benefits to ease consumers' financial burdens.

Specifically, the complex provides a fixed contract deposit of 10 million KRW and full interest-free benefits on interim payments, which is expected to reduce the initial investment burden for contract holders and eliminate the need for additional funds before moving in. Also, since full interest-free benefits are provided on interim payment loans, there is no interest cost burden due to rising interest rates.

Furthermore, with the full implementation of the revised regulation that improves the Debt Service Ratio (DSR) calculation method for officetel mortgage loans?currently tied to an 8-year maturity?to the same method as general home mortgage loans (up to 30 years maturity), additional benefits are expected.

First-come, first-served contracts for Hillstate Gwacheon Decentro are being conducted at the model house, which is located in Bisan-dong, Dongan-gu, Anyang-si, Gyeonggi-do.

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