Multi-Access Location Enjoyed at Residential Hub Right in Front of Administrative Town, 'Hillstate Godeok Skycity'

Various Convenience Facilities Concentrated Near Administrative Town Boost Apartment Living Convenience and Popularity
'Hillstate Godeok Sky City' to be Launched in August Right in Front of Godeok International New City Administrative Town

Areas densely populated with public institutions such as city halls, courts, and police agencies tend to have well-established infrastructure, including transportation, commercial facilities, and convenience amenities. As a result, locations with administrative offices naturally become central hubs of their regions.

For this reason, apartments near administrative towns generally show strong market prices as well as excellent sales performance. Residents can enjoy various infrastructures formed around the administrative town, and the influx of public institution employees creates abundant housing demand.

Regions with administrative offices have been found to have higher apartment prices compared to other areas. Based on data from Real Estate 114, an analysis of apartment prices by district in metropolitan cities over the past five years from June 2015 to June 2020 showed that apartment price growth rates were higher in areas where city halls are located.

Over the past five years, Seo-gu in Daejeon, where Daejeon City Hall is located, saw a 44% increase (from 9.5 million KRW to 12.67 million KRW per 3.3㎡), and Jung-gu in Daegu, home to Daegu City Hall, recorded a 33% rise (from 9.5 million KRW to 12.67 million KRW per 3.3㎡). These were the highest growth rates in their respective regions during the same period. Following this, Yeonje-gu in Busan, where Busan City Hall is located, rose 27%, surpassing the Busan city average increase of 22%, and Seo-gu in Gwangju, home to Gwangju City Hall, jumped 29%, marking the second-highest growth rate in Gwangju.

Premiums on new apartments near administrative towns also showed strong performance.

‘Sicheong Station Vista Dongwon’ (which moved in December 2019), located right in front of Busan City Hall and the Busan Regional Police Agency, had pre-sale rights traded at around 420 million to 440 million KRW in June 2016. However, in July of this year, actual transaction prices reached 579 million KRW, reflecting a premium of approximately 140 million KRW.

Meanwhile, in Godeok International New City, where a total of about 59,000 households and 140,000 residents are planned, new apartments near the administrative town are attracting attention.

Hyundai Construction announced that it will launch sales this month for the residential complex ‘Hillstate Godeok Sky City’ in Block Ebc-1 of the Godeok International Development District in Pyeongtaek, Gyeonggi Province. This complex, consisting of three buildings ranging from two basement floors to 49 floors above ground, includes 665 apartment units and a commercial facility called ‘Urban Grove Godeok’ with a total floor area of 60,521㎡, forming a mixed-use residential complex.

The Ebc block, where ‘Hillstate Godeok Sky City’ is being developed, is a prime location directly in front of the administrative town, which is the core of the second phase of the Godeok New City development project. The administrative town is scheduled to house the Pyeongtaek City Hall and City Council.

Near the administrative town is a central commercial district where sales facilities, office buildings, medical facilities, and leisure facilities can be established, making this area expected to serve as the representative center of Godeok International New City along with the administrative town. Notably, the second phase of the Godeok New City project is scheduled for completion in 2021, allowing residents to immediately enjoy various convenience facilities upon moving in.

‘Hillstate Godeok Sky City’ offers a multi-access location that allows residents to enjoy various convenience facilities nearby in addition to the administrative town.

First, the Seojeongri Stream Waterfront Park and neighborhood parks are located close to the complex, providing a pleasant residential environment. The neighborhood park includes sites for an arts center, museum, and library, which, once developed, will offer diverse cultural and artistic experiences. Between the neighborhood park and ‘Hillstate Godeok Sky City’ lies a site for detached houses, promising an open view and good sightlines.

Educational conditions are also excellent. There is a school site right in front of the complex where elementary and middle schools can be built, and an Edu Town with plans for a new international school is located nearby. Godeok New City Edu Town is an education-specialized zone of about 167,000㎡, with plans to establish kindergartens, elementary, middle, and high schools.

The BRT (Bus Rapid Transit) station circulating Godeok New City is adjacent, enabling fast and convenient travel to major areas within the district. Access to Seoul and the metropolitan area is easy via Seojeongri Station on Seoul Subway Line 1 and Jije Station on the Suseo High-Speed Railway (SRT). Additionally, accessibility to the metropolitan road network is excellent, including the Pyeongtaek-Jecheon Expressway connected to the Seohaean Expressway.

Proximity to Samsung Electronics’ semiconductor production plant, the Pyeongtaek Campus, also allows for a live-work lifestyle. The Samsung Semiconductor Pyeongtaek Campus, the largest of its kind in the world, currently operates Plant 1 and plans expansions for Plants 2 through 4. In June, Samsung announced an investment of about 8 trillion KRW to establish foundry and NAND flash lines at Plant 2, which is expected to further increase demand for nearby housing.

‘Hillstate Godeok Sky City,’ located in the heart of Godeok International New City, is scheduled to open in August, with model homes being constructed at 2-8 Sansa-dong, Pyeongtaek-si, Gyeonggi Province, and 183 Gumi-dong, Bundang-gu, Seongnam-si, Gyeonggi Province.

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