Popular Mid-to-Large Apartments in Provinces... Focus on 'Hillstate Wonju Restige'

- Only 13.66% of last year's supply exceeded exclusive 85㎡ units
- Financial benefits include a fixed 5% deposit and full interest-free interim payments

[Hillstate Wonju Prestige Perspective View]

Demand for large apartments over 85㎡ exclusive area remains steady, but supply is limited, increasing their rarity.

In fact, last year, only 13.66% of the supply in the pre-sale market consisted of units over 85㎡ exclusive area. According to Real Estate R114, out of a total of 169,301 units pre-sold nationwide in 2023, 23,132 units (based on general sales) were over 85㎡ exclusive area.

As COVID-19 continued for three years, the time spent at home increased compared to before the pandemic, leading buyers to prefer larger homes. With homes expanding beyond simple resting spaces to areas where various activities such as work and hobbies are possible, mid-to-large sized apartments with larger usable areas are gaining attention.

This preference for mid-to-large sized units is also evident in subscription competition rates. Looking at the first-priority subscription competition rates by exclusive area nationwide last year, the average competition rate for mid-to-large types over 85㎡ was 15.85 to 1, about 1.6 times higher than the 9.72 to 1 average for small-to-mid types under 85㎡ during the same period. (Source: Real Estate R114)

An industry insider said, “Interest in larger homes has increased since COVID-19, but supply in the pre-sale market is limited, highlighting their rarity. Moreover, prices of basic construction materials such as cement and rebar are steadily rising, and labor costs are also on the rise, so pre-sale prices are bound to increase, making it difficult to increase the supply of mid-to-large units over 85㎡ in the future.”

Meanwhile, Hyundai Engineering & Construction is attracting attention by offering Hillsstate Wonju Restige in Gwanseol-dong, Wonju-si, Gangwon-do, composed 100% of mid-to-large sized units.

This complex consists of 13 buildings from 2 basement floors to 18 above-ground floors, with a total of 975 units ranging from 84 to 136㎡ exclusive area, notably composed only of mid-to-large sized units preferred in Wonju. The floor plans mainly consist of mid-to-large units from 84 to 136㎡ with a maximum 4Bay-4Room layout, providing a sense of openness rarely seen in Wonju. Additionally, all unit types include household storage, and depending on the size, large pantries, dressing rooms, alpha rooms, and powder rooms are arranged to maximize space utilization. The kitchen designs in ‘ㄱ’ and ‘ㄷ’ shapes optimize movement flow, which is also noteworthy.

Various floor plan selection options (paid options) allow residents to reflect their lifestyles. For large units such as 115㎡ and 136㎡, H-Clean entrance and social dining specializations can be selected as paid options. In addition, high-quality finishing materials and storage spaces are provided as standard, including ceramic tiles on kitchen walls, engineered stone countertops when expanded, and half-closets in bedrooms.

Hillsstate Wonju Restige also boasts excellent living infrastructure. Located in Gwanseol-dong, between Musil District and Wonju Innovation City, residents can access both the urban center and new town living areas. Nearby are Homeplus, Hanaro Mart, and the planned E-Mart Traders, as well as convenient access to lifestyle facilities such as Megabox, Central Library, Chiak Arts Center, and Wonju Medical Center. Furthermore, Musil District, Namwonju area, and Innovation City are expected to share infrastructure, forming a large-scale residential hub, which will improve the living environment in the future.

It also has excellent transportation connectivity. Through Namwonju IC near the complex, access to Jungang Expressway, Yeongdong Expressway, and Gwangju-Wonju Expressway is easy, and travel from Wonju Station to Cheongnyangni Station via KTX is convenient. Additionally, transportation benefits such as the Gwanseol IC dedicated to Hi-Pass (scheduled to open in 2025) and the Yeoju-Wonju double-track railway (scheduled to open in 2027) enhance future value.

Meanwhile, Hillsstate Wonju Restige offers a fixed 5% down payment and zero-interest financing on the full balance of intermediate payments to assist buyers struggling with funding amid high interest rates, helping to avoid additional loan interest burdens even if rates rise further.

A sales official said, “In provincial areas, preference for mid-to-large apartments is higher than in the metropolitan area, so the demand base is relatively strong, especially in Wonju where consumer interest in mid-to-large units is high. Since the supply of mid-to-large units is low nationwide, inquiries are coming not only from Wonju but also from other regions, so we recommend those interested to act quickly.”

The Hillsstate Wonju Restige model house is located in Musil-dong, Wonju-si, Gangwon-do.