Cheongnyangni Becomes a Key Hub for Seoul Transportation... Transportation Boons Pouring into 'Hillstate Cheongnyangni Metroble'

- Major Renovation Projects and Transportation Network Expansion Transform Cheongnyangni Area
- Continued Sales Fever with Office-tel Average Competition Rate of 126.8 to 1

[Hyundai Construction 'Hillstate Cheongnyangni Metroble' Perspective View]

The area around Cheongnyangni Station in Dongdaemun-gu, Seoul is undergoing a dramatic transformation due to transportation developments. With about 10 railway lines passing through Cheongnyangni Station, it is expected to become a major transportation hub representing Seoul.

Currently, Cheongnyangni Station serves as a transportation hub with subway lines 1, Gyeongui-Jungang Line, and Suin-Bundang Line, as well as rail lines such as the Gyeongchun Line and KTX. Under the 4th railway network construction plan, it has been selected as a transfer station for the metropolitan area express railway (GTX) lines B and C. Additionally, the Myeonmok Line and Gangbuk Transversal Line are scheduled to open, propelling it into a mega station area.

In particular, accessibility to other regions via KTX is expected to improve significantly. Currently, Cheongnyangni Station’s KTX only serves the Gangneung Line to Gangneung and Donghae, and the Jungang Line to Andong, so travelers to Busan and Daegu had to use Seoul Station. However, two years after the opening of the Southeast region railway, the train time from Seoul Cheongnyangni to Busan, which used to take 6 hours and 50 minutes, will be drastically reduced to 2 hours and 50 minutes, greatly enhancing travel conditions.

Moreover, the Cheongnyangni area is undergoing large-scale redevelopment projects, leading to the construction of extensive residential towns and significant improvements in the living environment. The newly built residential complexes have been popular in the sales market, achieving successful subscription results.

Recently, Hyundai Construction’s ‘Hillstate Cheongnyangni Metroble’ demonstrated the hot real estate market atmosphere by recording hundreds of times the competition rate. According to the Korea Real Estate Agency’s subscription homepage, the complex received a total of 11,274 applications for 96 officetel units, achieving an average competition rate of 126.8 to 1 and successfully selling out all units.

Among them, 10% of the officetel supply units were preferentially allocated to Seoul residents. For the 40㎡ OA type, which recruited 4 units with resident priority, 3,599 Seoul residents applied, recording an astonishing subscription competition rate of 899.75 to 1.

‘Hillstate Cheongnyangni Metroble,’ developed by redeveloping the former Gyeongdong Plaza in Yongdu 1 District 3 Zone, consists of two buildings ranging from 6 basement floors to 28 above-ground floors. It is a station-area complex within walking distance of three subway stations: Cheongnyangni Station, Jegi-dong Station, and Yongdu Station. The officetel, which recorded overwhelming subscription competition rates, has sold out all units, and contracts for urban-style residential housing are currently underway, attracting significant attention.

This complex has the advantage of enjoying all kinds of transportation benefits centered around Cheongnyangni Station, making its future value excellent. Additionally, about 60 bus routes pass nearby, and it is adjacent to the Internal Circulation Road, Northern and Eastern arterial roads, providing excellent vehicle mobility.

The ‘Hi-oT’ system for residents’ convenience is also applied. By using this system, residents can conveniently control lighting, heating devices, elevators, and shared entrance doors after connecting home appliances and home networks. Community facilities include a fitness center, community lounge, and private rooms exclusively for urban-style residential housing residents on the 4th floor of the residents’ shared facility, which is expected to enhance the competitiveness of the complex.

Meanwhile, Hyundai Construction’s ‘Hillstate Cheongnyangni Metroble’ is currently operating a model house.

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