Seoul 'Hwikyung Xi Decencia' Commercial Facility in Complex Opens Promotion Center Today

- All Units Sold Out in Seoul's Popular Large-Scale Complex: On-Site Retail Spaces Now Available
- Backed by Over 14,000 Households... Highly Scarce and Valuable Commercial Units Within the Complex

The commercial facilities within the ‘Hwikyung Xi Decencia’ complex, supplied to the Imun and Hwikyung New Town areas in Seoul, will open their promotional center today, Friday the 4th, and begin full-scale sales. Developed by GS Construction, these commercial spaces within the fully sold-out ‘Hwikyung Xi Decencia’ complex are attracting significant interest from buyers.

‘Hwikyung Xi Decencia’ was an early sell-out complex during its April 2023 launch, achieving a highest competition rate of 154:1 and an average competition rate of 52:1. The commercial units for sale this time consist of 10 units across 2 buildings, located within a complex that includes 14 apartment buildings up to 35 floors high, with a total of 1,806 households, allowing exclusive access to the complex’s resident demand, generating strong interest.

Within a 300-meter radius of the project site, approximately 6,300 households are densely located, and around 14,000 households in the nearby Imun and Hwikyung New Town areas are scheduled to move in sequentially, providing abundant underlying demand. Situated in the prime commercial area near Hwayang Station on Subway Line 1, it is expected to attract many subway Line 1 passengers.

Designed as a street-type shopping area along the Oedae Station East Road, it offers excellent visibility and accessibility. Additionally, with plans to establish a comprehensive social welfare center and a 50 Plus Center nearby, the floating population is expected to increase further.

Moreover, differentiated designs such as dual entrances/exits inside and outside the complex, a children’s plaza in front of the back gate, and fully equipped heating and cooling systems have been implemented to maximize population inflow.

Major development plans are underway, including the development of the Imun and Hwikyung New Town, the creation of the Cheongnyangni Station Metropolitan Transfer Center, and the undergrounding of the Dongbu Expressway. The Cheongnyangni Station Metropolitan Transfer Center, centered on the GTX-B line, is expected to serve as an innovative transportation hub, while the Dongbu Expressway undergrounding project, a construction effort worth 1.9 trillion KRW, aims to improve the transportation system in the northeastern area.

A sales official explained, “With only 11 commercial units within a large complex of 1,806 households, the scarcity and future value are extremely high. The commercial spaces are attracting investor attention due to the approximately 6,300 households within a 300-meter radius and the prime location near Hwayang Station on Line 1.”

The promotional center for the commercial facilities within ‘Hwikyung Xi Decencia’ is located near Oedae Station on Line 1 (Oedae Station East Road, Dongdaemun-gu).

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