Amid Interest in Gwacheon Real Estate, 'Hillstate Gwacheon Decentro' Draws Attention

- All 2nd phase office & officetel units sold out
- Steady inquiries on remaining 1st phase office & commercial units

As companies continue to move into Gwacheon Knowledge Information Town and with the advantage of Gwacheon's quasi-Gangnam location along with the planned GTX-C line passing through, demand for real estate in Gwacheon City is drawing significant attention from buyers.

Currently, apartment prices in Gwacheon have returned to the levels seen in the second half of last year. According to the Ministry of Land, Infrastructure and Transport's Real Transaction Price Disclosure System, an 84.9499㎡ (25th floor) unit in Gwacheon Prugio Summit was sold for 2.023 billion KRW on February 15, similar to the transaction price in September last year. In September last year, a 15th-floor unit of the same size was sold for 2.05 billion KRW.

Additionally, analysis of actual apartment transaction prices in the metropolitan area over the past year by real estate platform Zigbang shows that the price per 3.3㎡ for apartments in Gwacheon reached 49.68 million KRW, marking a 9.4% increase compared to April last year. This is the highest price increase rate in the metropolitan area.

As this real estate uptrend continues, the recently first-priority subscription for 'Gwacheon Dietre Prestige' in Gwacheon Knowledge Information Town attracted an overwhelming 100,000 applicants, demonstrating strong interest.

Furthermore, 'Hillstate Gwacheon Decentro,' currently conducting first-come, first-served contracts in Gwacheon Knowledge Information Town, has reportedly sold out 100% of its second-phase officetel and office units.

A sales representative stated, "With growing interest in Gwacheon real estate, contract inquiries have surged, resulting in the complete sale of second-phase officetel and office units, and the first-phase officetel exclusive 56㎡ A-type units have also been fully contracted. Demand for contracts and consultations continues, heating up the remaining first-phase officetel and office units as well as commercial space contracts within the complex."

The strong contract momentum for Hillstate Gwacheon Decentro is attributed to its location at the very center of Gwacheon Knowledge Information Town, an area recognized for its high future value within Gwacheon City.

In fact, this complex is being developed as a transit-oriented development adjacent to the planned Gwacheon Information Town Station on Subway Line 4, promising convenient transportation. Nearby are the Second Gyeongin Expressway, National Road 47, and Gwacheon-Bongdam Expressway, providing a well-established metropolitan transportation network. Additionally, the Government Complex Gwacheon Station on Subway Line 4, just one stop away, is set to begin construction this year for the GTX-C line and the Wirye-Gwacheon Line, further enhancing accessibility to Seoul and Gangnam.

An industry insider commented, "Hillstate Gwacheon Decentro is also attracting high interest because it is directly adjacent to the business district of Gwacheon Knowledge Information Town, which is increasing its regional value as a future industrial hub for IT, pharmaceuticals and bio, and new materials industries. Being close to corporate tenants is also seen as advantageous for securing demand."

Meanwhile, Hillstate Gwacheon Decentro is gaining even more attention by easing consumers' financial burdens through various financial benefits.

The complex offers a fixed contract deposit of 10 million KRW and full interest-free benefits on intermediate payments, reducing the initial investment burden for contract holders and eliminating additional financial pressure before move-in. Also, since all intermediate payment loans are interest-free, there is no interest cost burden from rising interest rates.

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

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

First-come, first-served contracts are 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.