Hyundai Engineering & Construction has announced the successful completion of all contracts for the Hills State Suncheon The First residential complex located in Yeosu, Jeonnam, marking 100% contract fulfillment. This achievement is particularly notable as it was accomplished against the backdrop of rising unsold homes across the nation, with the latest reports indicating 72,624 units remaining unsold as of January 2025, reflecting a 3.5% increase from the previous month.
The Hills State Suncheon The First complex stands out due to its impressive subscription competition rate, which reached 160.5 to 1—a record high during the pre-sale period. This significant interest is attributed to various factors including the strategic pricing of the units and the reputation of Hyundai Engineering & Construction as one of South Korea's leading construction firms.
Consisting of 1,272 households, the complex is divided between two blocks. Block A2 features 931 households with three underground levels and rises to 23 stories above ground, offering exclusive area sizes ranging from 74 to 106 square meters. Block A4 encompasses 341 households with two underground levels, also reaching 23 stories, with unit sizes from 74 to 84 square meters. This array of options caters to diverse family needs and preferences.
The thoughtfully planned units include modern designs with unique features. For example, the 74 square meter A and B types are equipped with walk-in closets and dressing rooms, catering to the needs of contemporary residents. Meanwhile, the 84 square meter units provide additional amenities such as alpha rooms, enhancing functionality.
Besides just living spaces, the Hills State Suncheon complex prides itself on exceptional community facilities not typically found in surrounding developments. Highlighted amenities include a screen golf course, study room, studio, sky lounge, and sky viewing deck, creating inviting spaces for residents to gather. A children's playground and daycare center have also been included to cater to families—especially newlyweds and parents who demand accessible childcare and recreational opportunities for their children.
This development is linked to the nearby Yeosu National Industrial Complex, enhancing its appeal for working professionals seeking convenient commutes. The dual advantage of proximity to jobs and access to quality residential offerings are key components contributing to the project’s exceptional market performance.
According to officials from Hyundai Engineering & Construction, the company has effectively navigated the tricky waters of the local housing market. "The Hills State Suncheon project is notable not just for its successful sales but also for its dedication to creating value through competitive pricing and impressive amenities," said a company representative. This sentiment echoes the broader industry perspective, which recognizes this project as standing out during times when many new residential launches struggle to gain traction.
Despite the challenges posed by increasing unsold homes—specifically, the 4.2% increase reported for Jeonnam, which brought total unsold units there to 3,447—Hills State Suncheon The First has defied expectations. Its success is particularly commendable amid concerns for the broader economic climate, which can impact housing demand. This scenario highlights the importance of strategic development and thoughtful execution in real estate.
The residential complex, as the first of its kind within the Jungnim District and under the Hills State brand, has enhanced Hyundai Engineering & Construction’s reputation. The company has repeatedly been recognized for its strength and stability within the housing sector, evidenced by its consistent performance in various brand evaluations. For example, it ranked first according to the 2024 Domestic Apartment Brand Reputation Index over 71 consecutive months from 2019 to 2025.
Community members and industry watchers alike have high hopes for the Hills State Suncheon The First, considering its strong role as not only housing but as part of the community fabric. A spokesperson for the development team noted, “Our commitment to crafting this project reflects our vision for creating landmarks within regional communities.”
Looking forward, Hyundai Engineering & Construction pledges to deliver on its brand promises, ensuring client satisfaction with concrete quality service as acknowledgment of the strong customer support received during tough market conditions. With favorable dynamics and innovative spaces, the Hills State Suncheon The First project is poised to become a significant community landmark, solidifying its place as both a residential refuge and functional lifestyle hub.