‘Hillstate Gwacheon Decentro’ in Gwacheon Knowledge Information Town Reborn as a Future Industry Hub in Gangnam Area

- IT, Construction, Pharmaceutical & Bio, New Material Companies Confirmed to Move In... Spotlighted as a Future Industry Hub in Gangnam Area
- Hyundai Engineering to Launch Sales of 'Hillstate Gwacheon Decentro' Complex in July

Real estate in Gwacheon Knowledge Information Town is reaping significant benefits from the future industry effect. In fact, Gwacheon Knowledge Information Town is increasing its regional value as a future industry hub in the Gangnam area, with major future industry-related companies announcing their moves one after another, and this is greatly invigorating the real estate market.

Gwacheon Knowledge Information Town is a project developing a 1,353,090㎡ site in Galhyeon-dong and Munwon-dong, Gwacheon-si. Along with large-scale residential facilities, knowledge-based industrial complexes and urban infrastructure are being established. Meanwhile, IT, construction, electrical, electronics, pharmaceutical, and new material companies?considered core sectors of future industries?are preparing to relocate here, raising expectations for it to become a leading advanced industrial cluster representing the metropolitan and Gangnam areas.

In fact, news of relocations and developments by prominent companies in various fields continues to come in. Notably, Pearl Abyss, which built a new headquarters and announced its relocation, leads the way, followed by large game companies such as Netmarble announcing their moves. Additionally, several pharmaceutical companies including JW Group, Anguk Pharmaceutical, Kyungdong Pharmaceutical, and Il Sung Pharmaceutical have also announced relocations.

Besides these, Gwacheon Knowledge Information Town is scheduled to host 116 excellent companies such as Kolon Global, KOTITI Testing & Research Institute, Visang Education, along with two university-industry cooperation groups and various other enterprises.

As a result, real estate in Gwacheon Knowledge Information Town continues to show clear vitality. Especially in the sales market, with abundant employment population and expected growth in demand, both residential and office facilities are achieving full sales in a short period.

Among these, residential facilities show even higher competition rates compared to the existing old downtown of Gwacheon, reflecting strong interest from demanders in Gwacheon Knowledge Information Town. For example, last year, the 'Gwacheon Knowledge Information Town Lin Familier' recorded an average competition rate of 718 to 1 with 37,352 applicants for the first priority subscription, ranking second highest nationwide in history, and sold out completely.

An industry insider said, "Especially with the influx of related demand due to the entry of these companies, interest in the real estate market is growing even more," adding, "This is leading not only to an increase in residential value but also to regional economic revitalization due to the large population, resulting in a continued boom in both residential and office facilities."

Meanwhile, Hyundai Engineering announced in July the sale of 'Hillstate Gwacheon Disentro,' a residential complex combining officetels, section offices, and commercial facilities, to be developed on Commercial Blocks 1-2 and 3 (Phase 1) and Commercial Blocks 3-1 and 3-2 (Phase 2) in Gwacheon Knowledge Information Town.

Hillstate Gwacheon Disentro is a residential complex combining officetels, section offices, and commercial facilities, consisting of one building per block for a total of two buildings, constructed from six basement floors to 15 above-ground floors.

The officetels will have exclusive areas ranging from 25 to 84㎡, totaling 359 units (126 units in Phase 1 and 233 units in Phase 2), and the offices will have exclusive areas from 25 to 75㎡, totaling 298 units (130 units in Phase 1 and 168 units in Phase 2).

This complex is being developed in a prime location within Gwacheon Knowledge Information Town, offering a pleasant residential environment and solid demand base, attracting much attention. In particular, it is located right next to the Gwacheon Knowledge Information Town Station on Subway Line 4 (tentatively scheduled to open in 2025), boasting excellent transportation convenience and expected to secure abundant floating population using the station after its opening.

Additionally, nearby are the 2nd Gyeongin Expressway, National Road No. 47, and Gwacheon-Bongdam Expressway, providing excellent metropolitan transportation networks. The Government Complex Gwacheon Station on Subway Line 4, just one stop away, is planned to connect with the GTX-C line and the Wirye-Gwacheon Line, further enhancing transportation convenience.

Moreover, located in the central commercial district of Gwacheon Knowledge Information Town, residents can immediately enjoy abundant cultural and convenience facilities. Planned elementary, middle, and high school sites and neighborhood parks within Gwacheon Knowledge Information Town are also within walking distance. Nearby large shopping facilities such as Gwacheon E-Mart and Lotte Department Store Beomgye Branch are expected to increase residential and office convenience and comfort.

The complex will enhance its value by applying differentiated product designs under the Hillstate brand, which leads the housing market. First, the officetels offer a variety of layouts from studio types to residential types, expanding choices, and the residential-type officetels will adopt a 4-bay slab-type structure to increase comfort.

The office facilities consist of section offices with various sizes, characterized by flexible space expansion or reduction according to user needs.

A sales official said, "This complex, composed of officetels, offices, and commercial facilities with relatively fewer regulations, is attracting attention as a golden opportunity to preempt the future value of Gwacheon Knowledge Information Town," adding, "As we plan to present a landmark befitting the future value of Gwacheon Knowledge Information Town, which is becoming a representative center in the Gangnam area, we ask for much interest in the upcoming schedule."

The model house for Hillstate Gwacheon Disentro is scheduled to open in July.