Attention on ‘Hyundai Teratower Yeongtong Fastworks’ Knowledge Industry Center with Transportation Benefits

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There is a saying in real estate folklore: "Transportation routes are money routes." This is because when transportation routes open, real estate values also rise accordingly.

This holds true not only for the housing market but also for the knowledge industry center market. For example, ‘Ace Hightech City Cheongna,’ located in Cheongna International City, Seo-gu, Incheon, has attracted significant attention as a knowledge industry center with various development benefits such as the 3rd Yeonryuk Bridge and the extension of Seoul Subway Line 7 to Cheongna International City.

According to actual transaction data from Knowledge Industry Center 114, a factory facility with an exclusive area of 49.77㎡ in this knowledge industry center was traded for 205 million KRW in August last year. When converted to 3.3㎡ (per pyeong), it amounts to about 6.82 million KRW. Considering that the average sale price at the time of pre-sale in 2019 was 5 to 6 million KRW, this represents a price increase of more than 30% compared to the pre-sale price.

A common feature of knowledge industry centers that sell out completely in the pre-sale market is that they benefit from transportation advantages. ‘Indeogwon Station The Live Dehaut,’ which was pre-sold last year in Anyang City, Gyeonggi Province, attracted attention due to its proximity to Indeogwon Station on Subway Line 4, where the GTX-C line is planned, and all units found owners within a short period.

‘MS One Tower,’ a knowledge industry center pre-sold near Pyeongtaek Jije Station, also received high praise from buyers due to transportation benefits such as the double-track West Sea Line and the direct connection of the high-speed rail line from Seojeong-ri Station on the Gyeongbu Line to Jije Station. This knowledge industry center was also sold out within about a month after the start of pre-sale.

An industry insider said, “Due to the nature of knowledge industry centers, which involve a lot of logistics movement, ‘transportation’ is considered the top priority factor. Locations with significant transportation benefits not only improve work efficiency but also offer high future value, so they deserve close attention.”

Meanwhile, investors’ attention is focused on ‘Hyundai Terra Tower Yeongtong Fastworks,’ a knowledge industry center planned for pre-sale by Hyundai Engineering in Suwon City, Gyeonggi Province. This is because it boasts major transportation benefits even within the metropolitan area.

First, the Indeogwon-Dongtan double-track railway (planned) is being planned and promoted. Mangpo Station, which the Dongtan Tram Line 1 (planned) passing through is targeting for completion by 2027, is located about a 10-minute drive away, so direct benefits are expected.

In addition, the SRT Dongtan Station is scheduled to have the GTX-A (planned) line stop, and the KTX Suwon Station will have the GTX-C (planned) line stop, making Hyundai Terra Tower Yeongtong Fastworks equipped with a well-connected transportation infrastructure.

The currently established transportation accessibility is also excellent. It is adjacent to Suwon Singal IC on the Gyeongbu Expressway, Jungbu-daero, and the Suin-Bundang Line, providing outstanding access to nearby areas.

‘Hyundai Terra Tower Yeongtong Fastworks’ will be built in the Woncheon-dong area of Yeongtong-gu, Suwon City, Gyeonggi Province, consisting of a total of 500 knowledge industry center units: 180 manufacturing-type units, 100 office-type units, and 220 smart-type units, from basement level 2 to ground level 15, along with 12 neighborhood living facilities.

It also boasts a ‘Samsung three-zone’ location. In fact, Samsung Digital City is located about 2 minutes away (120 meters according to Naver Map), so it is expected to enjoy a large-scale hinterland demand at close proximity.

Moreover, following Samsung Electronics’ announcement of the ‘Semiconductor Mega Cluster’ development in Yongin City, real estate demand has been revitalizing in regions such as Pyeongtaek, Dongtan, and Suwon, where Samsung’s presence has proven locational merit, so ‘Hyundai Terra Tower Yeongtong Fastworks’ is also expected to directly benefit.

As it is introduced under Hyundai Engineering’s knowledge industry center brand ‘Hyundai Terra Tower,’ it also boasts differentiated designs that enhance the work efficiency of tenant companies.

The manufacturing-type knowledge industry center, constructed from basement level 2 to ground level 10, applies a drive-in system that allows cargo vehicles to enter directly from outside the building to the interior. Additionally, a door-to-door system is applied, enabling parking right in front of the office to minimize work flow and loading/unloading time, thereby improving logistics efficiency and convenience. Furthermore, the floor height is raised up to 6.3 meters (in some manufacturing units), which is advantageous for cargo stacking and crane operation, and also provides a spacious open feeling.

Floors 11 to 15 are composed of smart-type units. These emphasize a pleasant work environment and high efficiency, positioning themselves as specialized products for startups with 1-2 people or small-scale companies, attracting considerable attention.

The Hyundai Terra Tower Yeongtong Fastworks showroom is currently in operation.

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