Popularity Continues for 'Hillstate Centum The First' Developed in Busan's Prime Centum Area

Amid a recent slowdown in the real estate market's buying momentum, the top-tier areas within regions continue to maintain their popularity. In particular, prestigious neighborhoods nationwide, such as Gangnam and Seocho in Seoul and the Centum area in Busan, are showing signs of market rebound with record-high prices emerging one after another. This has led to the analysis that the saying "luxury goods are recession-proof" applies equally to the real estate market.

The sustained popularity of these prime locations is attributed to their solid demand base. In fact, these areas are known for consistently having abundant demand from buyers eager to move in, befitting their reputation as top-tier districts. Additionally, as the real estate market enters an era of extreme polarization, the gap between locations is widening further, which is also enhancing their appeal.

Hyundai Engineering Launches Hillsstate Branded Residential Facilities in Busan’s Prime Centum Area

Meanwhile, in the Centum area of Busan, regarded as a top-tier location nationwide, Hyundai Engineering is currently conducting first-come, first-served contracts for ‘Hillstate Centum The First’.

Hillstate Centum The First is a high-rise branded residential officetel complex located in Mangmi-dong, Suyeong-gu, Busan, consisting of 447 units across 4 basement floors to 37 above-ground floors, with exclusive areas ranging from 61 to 84 square meters. It is composed of four buildings like an apartment complex and features a variety of community and landscaping facilities, forming a complex-style officetel.

All units are small to medium-sized residential products, with the number of units by type as follows: ▲61㎡A 12 units ▲61㎡B 11 units ▲76㎡A 107 units ▲84㎡A 210 units ▲84㎡B 107 units.

Located by the Suyeong River... Some Units Offer Views of Suyeong River and Centum City Nightscape

Hillstate Centum The First boasts a pleasant residential environment as it is situated along the Suyeong River within the Centum area. Notably, some units will feature premium views, offering not only the dazzling nightscape of Centum City but also views of the Suyeong River, further enhancing residential comfort.

Moreover, being located in the Centum area allows convenient access to various residential infrastructures. The complex is adjacent to Centum City, enabling residents to easily access major facilities such as Shinsegae Department Store, BEXCO, Lotte Department Store, and the Busan Cinema Center. Additionally, nearby amenities include Costco, E-Mart Traders, and F1963, providing abundant lifestyle, cultural, and convenience facilities, which are expected to further improve residential convenience.

The complex also offers excellent transportation accessibility. It is advantageous for quick travel between downtown Busan and its outskirts, with easy access to the city and beyond via Zasuyoung-ro, Gajeonggyo Bridge, Beonyeong-ro, and other roads. The proximity to the Gyeongbu Expressway entrance ensures excellent regional transportation networks. Furthermore, the nearby Mandeok-Centum underground urban expressway is under development with a planned opening in 2024, which is expected to further enhance transportation convenience.

Distinctive Exterior and Landscaping Design Introduced... Various No-Cost Items Reduce Burden and Increase Convenience

Hillstate Centum The First plans to enhance the value of the complex by applying differentiated specialized exterior designs. Considering its location adjacent to the Suyeong River, a landmark roof structure and landscape lighting will be introduced, along with a curtain wall fa?ade design that adds luxury and practicality to the exterior. Additionally, a gatehouse with a distinctive design will be installed as a symbolic object.

The landscaping is also richly designed. It will include the ‘Blue Garden,’ a park connected to the Suyeong River waterfront park; the uniquely designed rest area called the ‘Stripe Garden’; and the rooftop garden ‘View Garden,’ where residents can relax while enjoying views of the Suyeong River, all contributing to a pleasant environment. Furthermore, a family sports zone where all family members can enjoy various exercises, a fitness center, GX room, indoor golf practice range, reading room, and storage rooms for each unit will be provided to enhance convenience.

Additionally, the complex layout prioritizes south-facing units favored by consumers and secures open views to increase openness, sunlight, and ventilation. Inside the units, a 4-bay slab-type design is mainly applied, and depending on the type, walk-in closets and utility rooms are included to expand storage space and improve spatial utilization.

Hillstate Centum The First benefits from the recently announced relaxation of DSR regulations for residential officetels and offers various financial benefits and no-cost items to reduce consumers’ price burdens. These include a fixed first deposit of 10 million KRW, a 5% interest-free loan on the deposit (first-come, first-served, until the limit is reached), and a 60% interest-free benefit on the interim payment. These measures minimize the initial financial burden on contract holders and eliminate the need for additional funds before moving in. Especially, providing the entire interim payment interest-free is expected to reduce the impact of the recent high-interest-rate era and potential further interest rate hikes.

Hillstate Centum The First is currently accepting first-come, first-served contracts at the model house.