Residential Complex 'Hillstate Cheongju Central 2nd Phase' Available for First-Come, First-Served Sale

- MXD Development Residential Complex Prices Rise Over 3 Times Compared to Initial Sale Price
- 'Hillstate Cheongju Central 2nd Phase,' a Representative Complex Cultural Complex of Cheongju

MXD (Mixed-use Development Complex) is a next-generation residential type that combines residential, commercial, and cultural facilities in urban areas with excellent education and transportation environments. It is called a '4th generation living space' because it enables all daily life activities within the complex. It is regarded as an advanced development beyond the traditional residential-commercial complexes where residential and commercial facilities were developed together.

These MXDs offer exceptional convenience as most of the necessary infrastructure for daily life can be enjoyed within the complex. Moreover, their rarity and symbolic value make them highly likely to become local landmarks.

In fact, Seoul Mecenatpolis, Pangyo Alpharium, Dongtan Station Lotte Castle, and Busan Centum City have been supplied using the MXD model and have each become representative complexes of their respective regions.

MXD complexes also show remarkable price appreciation. According to the Ministry of Land, Infrastructure and Transport’s real transaction system, the 142㎡ unit in Pangyo Alpharium Phase 1 was traded for 3.025 billion KRW in September last year. This price is about three times higher than the initial sale price of 1.09 billion KRW.

In Dongtan 2 New Town, Gyeonggi Province, the 102.7㎡ unit of ‘Dongtan Station Lotte Castle’ that was sold for 564 million KRW in 2017 was traded for 2.1 billion KRW (25th floor) in September last year, marking more than a threefold increase in six years compared to the initial sale price. This complex, located adjacent to Dongtan Station, is a mixed-use development combining apartments, officetels, department stores, marts, cinemas, and neighborhood shops, emerging as a new landmark of Dongtan 2 New Town.

In Cheongju, Chungcheongbuk-do, the last pre-sale complex of the high-speed terminal mixed-use development (MXD) project, ‘Hillstate Cheongju Central Phase 2,’ is currently available on a first-come, first-served basis.

‘Hillstate Cheongju Central Phase 2’ is a one-stop lifestyle mixed-use apartment complex located within Cheongju’s only mixed cultural complex, which includes Cheongju Express Bus Terminal, apartments, retail, cultural, and assembly facilities.

The complex will house Hyundai Outlet Cheongju Branch and Megabox, the first DA theater in Cheongju. Additionally, a large-scale lifestyle complex shopping mall of approximately 30,000 pyeong with a large fashion mall and enhanced F&B functions will be established within the complex. This mall will be connected to the adjacent existing central commercial areas such as Megapolis (including Lotte Mart) and NC Department Store, positioning it as the largest commercial district in Cheongju and raising expectations for its future value.

The surrounding infrastructure outside the complex is also excellent. Within walking distance are elementary, middle, and high schools including Gangseo Elementary, Punggwang Elementary, Seowon Middle, Seohyun Middle, and Chungbuk National University-affiliated High School. Nearby are also Parents Mountain, Pungnyeon Valley Park, Balsan Park, and Gagyeongcheon Stream. Furthermore, Lotte Mart, Homeplus, Hyundai Department Store, Lotte Outlet, Chungbuk National University Hospital, Hana Hospital, and Cheongju Hyundai Hospital are close by.

In terms of transportation, Cheongju Station on the Chungbuk Line and Osong Station on the KTX line are nearby. The complex offers quick access to Cheongju city and surrounding areas via Cheongju IC on the Gyeongbu Expressway, Seo Cheongju IC on the Jungbu Expressway, Cheongju 2nd Ring Road, and National Route 36. Additionally, the recently opened Cheongju Gangseo Hi-Pass IC provides even more convenient access to the metropolitan transportation network.

On the top floor of the complex, the 49th floor, a ‘Sky Community’ will be created to maximize the advantages of a high-rise apartment. It will include a sky fitness center, sky bridge, party room, and sky lounge with dining facilities. Moreover, various community facilities such as a screen golf course and Hills Lounge will be located on the 4th floor, and concierge services (paid) will be provided, completing a high-quality one-stop lifestyle.

‘Hillstate Cheongju Central Phase 2’ will be developed with two buildings ranging from basement level 6 to ground level 49, comprising 258 households with exclusive areas ranging from 84 to 197㎡. Contracts are currently being accepted on a first-come, first-served basis with designated units and floors.

The model house is located in Biha-dong, Heungdeok-gu, Cheongju, Chungcheongbuk-do.