'Hillstate Bullo Forest' Featuring Exclusive 84㎡ National Standard Apartments

- Popularity Remains Strong Despite Increase in 1-2 Person Households... High Transaction Volume
- 'Hillstate Bullo Forest' Composed of Single 84㎡ Exclusive Area Unit... Attracting Demand

Recently, due to social phenomena such as the increase in single-person and two-person households, demand for small apartments has been rising, leading to changes in the market. However, the 84㎡ exclusive area type, known as the national standard size in the sales market, continues to enjoy steady popularity, maintaining its distinctive presence.

In fact, the popularity of the 84㎡ exclusive area type stands out in the sales market. According to the Korea Real Estate Board’s subscription website, the ‘Unjeong New Town Prugio Parsena’ in Paju-si, Gyeonggi-do, which was sold last November, saw all types of the 84㎡ exclusive area receive higher responses than the 59㎡ exclusive area type. In the first-priority subscription, the 84㎡ exclusive area type recorded 18,936 subscription accounts with a competition rate of 57.73 to 1, whereas the 59㎡ exclusive area type received only 8,477 subscriptions, less than half, resulting in a relatively low competition rate of 19.94 to 1.

In March, the ‘Hillstate Guri Station’ in Guri-si, Gyeonggi-do, also closed its first-priority subscription with the 84㎡ exclusive area type achieving the highest competition rate of 44.79 to 1 among all exclusive area types (59㎡, 74㎡, 84㎡).

The national standard size is also the most popular in the sales market. According to the Ministry of Land, Infrastructure and Transport’s real transaction disclosure system, in the first quarter of this year, apartment sales transactions of the 84㎡ exclusive area type totaled 20,133, accounting for 26.9% of the total apartment sales transactions (71,794).

An industry insider stated, “Although demand for small apartments is increasing due to the rise in single- and two-person households and declining birth rates, causing changes in the housing market, the preference for the national housing type remains high among consumers. The 84㎡ exclusive area type caters to a wide range of households from two-person to four-person families, resulting in a broad demand base and excellent liquidity, so its steady popularity is expected to continue.”

[Hyundai Construction, 'Hillstate Bullo Forest' Perspective View]

Meanwhile, ‘Hillstate Bullo Forest,’ composed entirely of 84㎡ exclusive area units, is scheduled for sale this month. The complex will be located in Bullo-dong, Seo-gu, Incheon, consisting of 8 buildings ranging from 3 basement floors to 25 above-ground floors, with a total of 736 units.

Additionally, as the first Hillstate brand supply in the Bullo district, it is expected to enjoy excellent product quality and brand premium. All units are south-facing, and a slab-type design (excluding some units) has been introduced to ensure excellent lighting and ventilation. The complex plans to enhance residents’ quality of life by creating a lawn plaza and various community facilities within the site.

The complex also boasts abundant locational advantages. Situated in the Bullo district, the closest area to Geomdan New Town, and adjacent to Gimpo City, it offers a double living zone. This allows residents to enjoy diverse living infrastructure as well as the halo effect and future value associated with new town development.

There are many upcoming transportation benefits nearby. The extension of Incheon Line 1 (scheduled to open in 2024) is underway, and the ‘Incheon Line 2 Goyang Extension Project’ has been confirmed as part of the ‘4th Metropolitan Area Wide-Area Transportation Implementation Plan (2021?2025).’ This line will connect Dokjeong Station on Incheon Line 2 through Geomdan Bullo District to Geolpo Bukbyeon Station (Gimpo Light Rail), KINTEX Station (GTX-A), Juyop Station (Seoul Line 3), Ilsan Station (Gyeongui-Jungang Line), and Jungsan District (Goyang-si, Gyeonggi-do). Following a preliminary feasibility study, a formal feasibility study application is planned for this year.

Meanwhile, the ‘Hillstate Bullo Forest’ pre-promotion center is currently operating, and the model house is scheduled to open in June.

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