Cement Prices Rise Again... Apartment Sale Prices Inevitably Increase, Growing Interest in 'Hillstate Sokcho'

Recently, in the real estate pre-sale market, there has been talk that "now is the cheapest time for pre-sale prices." This is because cement prices have increased since September this year, making a rise in new apartment pre-sale prices inevitable.

According to the cement industry on August 10, Hanil Cement and its affiliate Hanil Hyundai Cement notified the ready-mixed concrete industry that from September 1, the price of cement will increase by 12.8%, from 105,000 KRW per ton to 118,400 KRW per ton.

Amid this, there are forecasts that the rise in cement prices will push up new apartment pre-sale prices. According to the Korea Construction Industry Research Institute's report titled "The Ripple Effect of Cement Price Instability on Construction Material Costs," if cement prices rise by 7% from the current level, an additional construction cost of 48 million KRW is required for a residential building worth 10 billion KRW, and if prices increase by 10%, an additional 68 million KRW is needed. The increased construction costs directly lead to higher pre-sale prices, which are passed on to consumers, increasing their burden.

The industry expects that the rise in cement prices, which accounts for a significant portion of construction unit costs, is likely to lead to higher pre-sale prices in the future.

Meanwhile, Hyundai Engineering is currently selling "Hillstate Sokcho" in the Geumho-dong area of Sokcho City, Gangwon Special Self-Governing Province. The complex is composed of 11 buildings, ranging from 3 basement floors to 25 above-ground floors, with a total of 925 units of exclusive areas of 84 and 104 square meters. Financial benefits such as a fixed contract deposit system (first payment of 10 million KRW) and 60% interest-free loans for intermediate payments are applied.

"Hillstate Sokcho" offers a healing space for leisure time, with Yeongnang Lake and Yeongnang Lake Park walking trails located within a 500-meter radius. Additionally, Cheongcho Lake, one of the representative lakes on the East Coast, is within 1 km of the complex. The Lighthouse Beach is also located within 2 km of the complex. To the west of the complex lies Seoraksan Mountain. As a result, some units in the complex offer views of Yeongnang Lake, Cheongcho Lake, the East Sea, and Seoraksan Ulsan Rock.

Within a 1 km radius, Sokcho Central Traditional Market and Seorak Rodeo Street, the main commercial areas of Sokcho, are conveniently accessible. Various residential convenience facilities such as Sokcho City Hall, Sokcho Medical Center, Chuncheon District Prosecutor's Office Sokcho Branch, and Sokcho Culture and Arts Center are also nearby. Furthermore, within 250 meters of the complex are Jungang Elementary School and Sokcho Haerang Middle School, ensuring safe commuting for children. Additionally, Sokcho Elementary School and Seorak Middle School are located within 1 km.

The complex also boasts excellent transportation conditions. First, Sokcho Intercity Bus Terminal is located within 750 meters, allowing convenient travel to other regions. Sokcho Port International Passenger Terminal and Sokcho Port International Cruise Terminal are nearby. Moreover, the complex is conveniently accessible via National Route 7 and Provincial Route 56, and various circular bus routes are planned to pass in front of the complex. Community facilities within the complex include a Together Care Center, golf practice range, guest house, and fitness center.

Meanwhile, the official contract signing for Hillstate Sokcho will take place over four days from Monday, August 21 to Thursday, August 24. The model house is located in the Joyang-dong area of Sokcho City, Gangwon Special Self-Governing Province.