- Convenient access to various infrastructures centered around Pohang City Hall and Yeongildae Lake Park
- High residential satisfaction expected with major construction company brands and inclusion in a private park special case project
Recently, there has been a concentration of demand for complexes located in prime areas within the real estate market. These centrally located complexes not only offer convenient access to various infrastructures but also boast excellent transportation and educational conditions, leading to a steady influx of buyers.
For this reason, end-users still show a strong preference for new complexes within the city center. Newly supplied new towns and housing districts inevitably take time to stabilize.
This phenomenon is particularly evident in the sales market. For example, complexes in the Gangnam 3 districts, which are the core of Seoul's real estate market?such as 'Raemian One Perla,' 'Jamsil Raemian I-Park,' and 'The H Daechi Edelweiss'?have all recorded triple-digit competition rates and continued sell-out streaks. In contrast, complexes supplied in districts like Jungnang-gu or Nowon-gu in Seoul have seen lower competition rates.
In fact, housing prices in prime locations with concentrated infrastructure are also strong. While Daegu is experiencing a slump due to oversupply, Suseong-gu, which has excellent infrastructure, is recording overwhelmingly higher housing prices compared to other districts. According to the average KB Real Estate sales price data as of early April, Suseong-gu stands at 560 million KRW, significantly higher than Nam-gu (330 million KRW), Dalseo-gu (310 million KRW), Seo-gu (300 million KRW), and Dong-gu (290 million KRW).
In this context, 'Hillstate The Sharp Sangsaeng Park Phase 1,' supplied in the Daejam-dong area of Pohang City, Gyeongbuk, attracts buyers' attention with its various advantages in the central living area of Nam-gu, Pohang.
'Hillstate The Sharp Sangsaeng Park' is a large complex consisting of two phases with a total of 2,667 households. Following Phase 2, which was supplied last year, Phase 1 will be introduced, comprising 7 buildings from 3 basement floors to 35 above-ground floors, with a total of 999 households ranging from 84 to 178㎡ in exclusive area. The number of households by exclusive area in Phase 1 is △84㎡A 432 households △84㎡B 55 households △84㎡C 126 households △127㎡ 378 households △139㎡P 4 households △178㎡P 4 households.
The complex offers convenient access to various infrastructures centered around Pohang City Hall and Yeongildae Lake Park. Additionally, it provides easy access to lifestyle convenience facilities such as Pohang St. Mary's Hospital, E-Mart, Lotte Mart, and Idong General Market. It is possible to commute to elementary, middle, and high schools including Daei Elementary, Idong Middle, and Pohang Steel High School, and it boasts an excellent educational environment with Idong school districts and academy areas.
The fast transportation environment is also notable. The complex is close to Posco-daero and Hope-daero, enabling quick movement within Pohang city. It is also adjacent to Pohang IC, National Road No. 7, and National Road No. 31, facilitating easy travel throughout Pohang and to other regions. Moreover, access to the Pohang Express Bus Terminal, Intercity Bus Terminal, and KTX Pohang Station is convenient, supporting a wide transportation network.
Another advantage is that it is a consortium apartment by major construction companies. The complex is a consortium project jointly built by Hyundai Engineering and POSCO E&C, both of which have high brand preference. This not only ensures excellent project stability but also combines the technology and know-how of each construction company, promising superior product quality.
Furthermore, as it is supplied under a private park special case project consisting of park facilities (approximately 770,000㎡) and non-park facilities (approximately 170,000㎡), it offers a pleasant surrounding environment. Within Sangsaeng Park, various landscaping facilities are planned, including Gallery Plaza (planned), Art Plaza (planned), and Water Plaza (planned), along with a Sunrise Observatory (planned) where residents can enjoy the beautiful nighttime view of POSCO. Additionally, a National Sports Center (planned) including an indoor swimming pool (planned), multipurpose gymnasium (planned), and cultural center (planned) will be developed.
In particular, the project is attracting attention from buyers by offering benefits such as a 5% down payment (first installment fixed at 10 million KRW), 60% interest-free intermediate payments, and free balcony expansion costs. Moreover, Pohang City is highly valued for its future potential due to major development projects such as the construction of the Yeongilman Transversal Expressway and designation as a national advanced strategic industrial complex specializing in the bio sector.
The model house for 'Hillstate The Sharp Sangsaeng Park' is located near EsPohang Hospital in Idong, Nam-gu, Pohang City.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
