Hillstate Sindorim Station Central, Double Station Area for Double the Premium

GTX-B Line Plan Expands Metropolitan Transportation Network Benefits
Double Station Area Premium Increases... Future Value UP with Upcoming Transportation Improvements

Proximity to subway stations has traditionally been a trusted popular factor in the officetel sales market. Residents of complexes close to stations enjoy convenient commuting and school travel, easy mobility, and access to commercial districts developed around the stations. As a result, complexes with subway station proximity tend to establish themselves as steady sellers, with premiums remaining high not only immediately after sales but also after move-in.

Recently, double subway station proximity has gained popularity, especially in the Seoul metropolitan area. This has become possible as transportation networks have become denser, including existing subway lines, KTX, the Metropolitan Express Railway (GTX), and various subway extensions. Complexes where more than one station can be accessed near home are highly favored in the real estate market, and their premiums are correspondingly higher.

According to KB Real Estate prices, the average sale price of a 77㎡ unit at the officetel 'Raemian Yongsan The Central' in Yongsan-gu, Seoul (moved in 2017) rose from 920 million KRW in January this year to 1.08 billion KRW in October, an increase of 160 million KRW. This officetel can access both Shinyongsan Station on Subway Line 4 and Yongsan Station, a transfer station for Line 1 and the Gyeongui-Jungang Line. After move-in, the double subway station proximity became visible, driving prices up more steeply.

Officetels with double subway station proximity where GTX is scheduled to open are also popular. The average sale price of an 84㎡ unit at 'Ilsan DM City Skyview' in Goyang-si, Gyeonggi Province (moved in 2020) rose from 575 million KRW in April to 680 million KRW in October, forming a premium of over 100 million KRW. This complex is within walking distance of Daehwa Station on Subway Line 3 and the planned GTX Kintex Station.

Accordingly, as the year-end approaches, new officetels with double subway station proximity in the metropolitan area are drawing attention ahead of their sales launch.

Hyundai Engineering will launch the residential officetel 'Hillstate Sindorim Station Central' in the Sindorim-dong area of Guro-gu, Seoul, this November. It consists of one building with 6 basement floors and 20 above-ground floors, totaling 463 units with exclusive areas ranging from 18 to 29㎡. Floors 1 to 3 above ground will be commercial facilities, and floors 4 to 20 will be officetels.

This is a double subway station proximity complex within walking distance of Sindorim Station, a transfer station for Lines 1 and 2, and Guro Station on Line 1, allowing quick access to business districts such as Yeouido, Gangnam, Gwanghwamun, and G-Valley (Seoul Digital Industrial Complex). Additionally, more than 20 bus routes, including local, trunk, and wide-area buses, pass by the bus stop in front of the complex, facilitating public transportation use.

In particular, Sindorim Station is scheduled to be served by the GTX-B line. Once the GTX-B line opens, it will take only three stops to Seoul Station and four stops to Incheon Songdo, enabling rapid travel to Seoul and the metropolitan area and promising benefits from improved transportation conditions.

The commercial facility 'Hill's Avenue Sindorim Station Central,' spanning floors 1 to 3 within the complex, is planned to be supplied. Within walking distance are large retail and cultural facilities such as Hyundai Department Store, E-Mart, Homeplus, NC Shin-Guro Branch, CGV, and Lotte Cinema, enabling convenient residential life. Furthermore, about 2 km away near Yeongdeungpo Station, there are abundant convenience facilities including Lotte Department Store, Shinsegae Department Store, and Times Square.

Meanwhile, the commercial facility 'Hill's Avenue Sindorim Station Central' within the complex will also be sold simultaneously. Hill's Avenue Sindorim Station Central spans floors 1 to 3 above ground and benefits from the abundant foot traffic of nearby Sindorim and Guro stations, as well as a residential complex of about 20,000 households within approximately 1 km radius, providing a rich demand base.

Moreover, the commercial space is located at a corner of a major intersection on a main road, offering excellent visibility and accessibility. Unlike commercial facilities within typical apartment complexes, it secures a wide range of business types and targets the highly consumptive young demographic in their 20s and 30s, which is expected to boost sales.