Composed of Commercial Facilities, Live Offices, and Residential Officetels... Excellent Infrastructure in a Forest-Adjacent Location
Demand is expected to surge once again in Dongtan 2 New City, where products have been selling out continuously. Hyundai Engineering announced that it will launch sales next month for 'Hillstate Dongtan Le Centum,' a residential complex in Dongtan Techno Valley, Dongtan 2 New City, consisting of commercial facilities, offices, and residential officetels.
Dongtan 2 New City is a representative new city in the southern Gyeonggi area, known for its excellent residential infrastructure and convenient transportation environment, maintaining steady popularity. In particular, with the establishment of Dongtan Techno Valley, an industrial cluster spanning approximately 460,000 pyeong?about 3.4 times the size of Pangyo Techno Valley and about 5.7 times that of Gwanggyo Techno Valley?the value of this self-sufficient city combining advanced industries and business is further increasing.
Moreover, Dongtan 2 New City is considered a place with abundant future value as various additional development benefits are underway, attracting growing interest.
Notably, Dongtan Techno Valley has already completed occupancy starting with the Hanmi Pharmaceutical Research Center, and advanced urban factories, research facilities, venture facilities, and high-tech industries are scheduled to be introduced sequentially. At the end of last year, the development and sales of the last residential town, the New Residential Culture Town, also began in earnest. Additionally, with ongoing development of metropolitan transportation networks such as GTX and trams, transportation conditions are continuously improving.
As a result, the real estate market in Dongtan 2 New City is experiencing unprecedented heat. The sales market, in particular, is very popular. For example, the 'Dongtan Station Dietre Prestige,' launched last year, attracted over 240,000 applicants in the first priority subscription, recording an average competition rate of 809 to 1, the highest ever among nationwide apartment sales.
Also, the residential complex 'Hillstate Dongtan Station Multiplier,' supplied in Dongtan Techno Valley the same year, closed subscriptions for residential officetels with an average competition rate of 56 to 1, and offices and commercial facilities were all quickly sold out, demonstrating strong demand for Dongtan 2 New City.
An industry insider said, "Dongtan 2 New City is receiving steady attention due to its mature residential infrastructure and ongoing large-scale development benefits such as Dongtan Techno Valley and GTX, which are attracting the metropolitan area’s focus. Therefore, there is abundant demand for opportunities to move into Dongtan 2 New City, and interest is expected in the newly announced Hillstate Dongtan Le Centum."
Meanwhile, Hillstate Dongtan Le Centum, which is being supplied this time, is a follow-up complex to the Hillstate Dongtan Station Multiplier, a complex that sold out successfully last year. Hyundai Engineering is consecutively supplying complexes under the Hillstate brand in Dongtan 2 New City.
Hillstate Dongtan Le Centum will be built on Support 35 Block in Dongtan 2 New City, with 2 basement floors and 24 floors above ground. The complex will include 27 commercial units, 403 office units designed as a new concept live office combining work and rest, and 128 residential officetels mainly composed of the highly preferred exclusive 84㎡ units.
Hillstate Dongtan Le Centum is located in Dongtan Techno Valley, where knowledge-based industries and advanced infrastructure are concentrated, offering a pleasant residential environment and solid demand base.
First, the transportation environment is convenient. The SRT Dongtan Station is about 2 km away, and a bus stop for metropolitan buses traveling to Gangnam, Jamsil, and Seoul Station is located right in front, providing excellent metropolitan transportation networks. In particular, SRT Dongtan Station is expected to become even more convenient with the future opening of GTX-A Line (targeted for 2024), Dongtan Tram (scheduled for 2027), and the planned extension of the Bundang Line.
Additionally, about 72,000 pyeong of Seonnab Forest Park is located right next door, with Banseoksan Neighborhood Park and Dongtan Yeoul Park nearby, providing a rich green environment. Furthermore, excellent educational environments such as Neulbom Elementary School and Dawon Middle School are within walking distance, and cultural and convenience facilities like Hanaro Mart, E-Mart Dongtan Branch, Lotte Outlet, IKEA, and Lotte Department Store are also nearby.
The abundant demand base is also notable. Along with demand from Dongtan Techno Valley, nearby Samsung Electronics Nanocity Hwaseong Campus and Giheung Campus are expected to attract additional demand. Moreover, as various companies in Dongtan Techno Valley complete their occupancy sequentially, the demand base is expected to become even richer.
A sales official said, "Commercial facilities account for less than about 5% of the entire complex, giving them high scarcity value and making it easier to secure customers, so interest is already considerable. Also, residential officetels are highly scarce products within Dongtan 2 New City, and since they are located in a highly popular central location, there is abundant waiting demand, maintaining continuous interest."
The model house for Hillstate Dongtan Le Centum is scheduled to open in June.
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