Securing Stable Demand from 832 Units! Open Bidding for Commercial Units in 'Hillstate Kumho The First' on the 17th

- Commercial Units for Sale within Hillstate Kumho The First, Redeveloped through Kumho Residential Zone 1 Project
- Nine Units on the First and Second Floors Available; Competitive Bidding Begins at 10 a.m. on December 17 (Wednesday)

Bidding is now underway for the commercial units within 'Hillstate Kumho The First,' which will benefit from a stable demand generated by a large-scale apartment complex.

'Hillstate Kumho The First' is a residential complex supplied through the redevelopment project of Kumho Residential Zone 1. The complex consists of 11 buildings with a total of 832 units, ranging from three basement floors to 32 above-ground floors. The commercial units are located on the first and second floors above ground, with a total of nine units available.

The supply method is an open competitive bidding process with a disclosed reserve price, and it will begin at 10:00 a.m. on December 17 (Wednesday). Individuals, corporations, and business operators aged 19 or older residing in South Korea who apply for participation are eligible to bid. The same participant may bid for multiple units.

Contracts will be executed immediately after the successful bidders for each building and unit are determined. The bid deposit is 10 million won per unit, and the deposit period runs from 9:00 a.m. on December 12 (Friday) to 4:00 p.m. on December 16 (Tuesday).

Additionally, the Catholic University of Uijeongbu St. Mary's Hospital is located in front of the complex, and nearby residential areas such as Geoseong Apartment, Byeoksan Apartment, and Kumho Sea Apartment form a residential town with approximately 3,000 units, providing a strong base of potential customers essential for commercial viability.

The complex has already received occupancy approval, and residents have been moving in since December 1, 2025. With the early move-in period, commercial tenants are expected to realize initial profits soon after opening.

A real estate official stated, "Hillstate Kumho The First is a highly regarded complex that boasts brand value, location, and future growth potential," adding, "These commercial units are expected to see an increase in future value based on the stable demand from the 832-unit large-scale complex."

Meanwhile, the open bidding for Hillstate Kumho The First will be held on-site at Kumho-ro, Uijeongbu-si, Gyeonggi Province.

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