Hyosung Heavy Industries' "Harrington Square Gwacheon" Draws Attention with Direct Subway Access and Prime Location

No subscription savings account required, and no obligations for actual residence or financing plan submission
Reasonable sale price compared to surrounding market levels and excellent location and product quality win praise

'Harrington Square Gwacheon' by Hyosung Heavy Industries Co., Ltd., which is being supplied in Gwacheon, is attracting attention thanks to its excellent location.

Harrington Square Gwacheon is located on Commercial Block 5 in the Gwacheon Knowledge Information Town public housing district in Gyeonggi Province and will comprise a total of 359 units. Hyosung Heavy Industries is in charge of construction. Under the first-come, first-served building and unit designation contract conditions, no subscription savings account is required, the loan-to-value (LTV) ratio can go up to a maximum of 70%, and there are no obligations to submit proof of actual residence or a financing plan. In the previous subscription round, Harrington Square Gwacheon drew strong interest from buyers, recording a peak competition ratio of 19.0 to 1.

The key strength of Harrington Square Gwacheon by Hyosung Heavy Industries is its reasonable sale price, even in Gwacheon, where housing prices have soared to the ceiling. According to the Korea Real Estate Board's weekly apartment market report, as of December 4 last year, prices in Gwacheon rose 0.45% in just one week and, despite the October 15 policy package, posted the highest growth rate in the country, once again proving its status as a top-tier area in the Seoul metropolitan region. In fact, transactions continued in Gwacheon even after the measures, and in December, an 84-square-meter exclusive unit at Gwacheon Weverfield was actually traded at 2.68 billion won.

Furthermore, data from the Ministry of Land, Infrastructure and Transport show that this year in Gwacheon, the average actual transaction price for units with an exclusive area of 80 to 85 square meters, commonly referred to as the "national standard type," was around 2.04 billion won. This put Gwacheon on par with Songpa (2.07 billion won), Gangnam (2.65 billion won), and Seocho (2.73 billion won), while showing a large gap with areas such as Bundang in Seongnam (1.49 billion won), Yongsan in Seoul (1.86 billion won), Mapo (1.61 billion won), and Gangdong (1.36 billion won), highlighting its high value.

Market observers say that the main drivers of its popularity include the "direct subway station access" and its outstanding product quality. In practice, Harrington Square Gwacheon has the rare feature of being directly connected underground to Gwacheon Information Town Station (planned) on Subway Line 4, which is scheduled to open in 2027. In addition, the wide multi-balcony space of about 9 to 10 pyeong (approximately 29.8 to 33.1 square meters) per household, a maximum ceiling height of 2.75 meters in the living room, which is higher than that of typical apartment buildings, and premium design features such as hidden doors have also captured the interest of buyers.

A sales representative said, "In Gwacheon, which is regarded as a top-tier area in the Seoul metropolitan region, there has been steady interest in locations and products with excellent fundamentals," adding, "There is a constant stream of both end-users seeking to enter the Gwacheon market and investors."

This content was produced with the assistance of AI translation services.