The Hillstate The Undong Eyes on the Cruise to Create Paju Medical Cluster
Aug 27, 2025
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- Paju Prepares to Take Off as Medical Hub City
- Expect positive effects on the local economy and real estate market
Attention is focusing on whether Paju-si, Gyeonggi-do, will leap to a medical hub city with self-sufficient functions as it speeds up the creation of a long-cherished project called the Paju Medical Cluster.
Paju Medical Cluster, which has been promoted since 2022, will spend a total of 456.3 billion won on about 450,000㎡ of land in Seopae-dong by 2028. It is a medical specialized urban development project that encompasses comprehensive medical facilities, innovative medical research complexes, bio-convergence complexes, and apartment houses.
The project is expected to attract large-scale general hospitals, which is expected to strengthen the medical infrastructure of Paju City, where there were no large general hospitals, and further improve the medical convenience of citizens.
According to Paju City, as the foundation for securing financial resources has been established, related procedures such as securing land and approving housing construction projects are underway. Currently, there are two to three university hospitals that have expressed their intention to participate in the public offering, and the public offering to attract general hospitals is expected to proceed normally in the second half of the year.
The innovative medical research complex will house pharmaceutical and bio-company research institutes and bio venture research institutes centered on the National Cancer Center's Future Innovation Center, while the bio-convergence complex will have medical service-related business and research facilities as well as drug production facilities.
The industry predicts that it will have a positive impact on the real estate market in the future, such as Gwacheon, which is emerging as a pharmaceutical and bio cluster, and Yongin, which is being created by semiconductor clusters.
According to KB Real Estate, the trading price index of Gwacheon and Yongin rose 12.98% (105.25→118.91) and 1.22% (87.45→88.52) compared to January this year, respectively, exceeding the nationwide (0.21%) and the metropolitan area (0.34) during the same period.
After a number of pharmaceutical and bio companies recently moved into Gwacheon, Celltrion Pharmaceutical moved some departments to Gwacheon in February this year. In Yongin, analysts say that as SK Hynix began construction of its first semiconductor production plant in Wonsam-myeon, Cheoin-gu in February and Samsung Electronics also announced construction of the Yongin Semiconductor National Industrial Complex next year, semiconductor material, parts, and equipment companies are also flocking to Yongin to boost demand for housing in the region.
In particular, the medical service industry is a high value-added industry that is expanding in size every year, and is expected to have a great ripple effect on the local economy. According to the Korea Health Industry Promotion Agency, the size of the domestic bio-health industry market is expected to rise from $215.9 billion in 2023 to $370.3 billion in 2030.
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Meanwhile, Hyundai Engineering & Construction's 'Hillstate the Unjeong', which is about to move in from the P1 and P2 blocks of the central commercial area of Unjeong New Town, is also mentioned as a beneficiary complex. It is possible to travel 10 minutes by car to Seopae-dong, where a medical cluster is established.
It will be built as a mammoth-grade complex with 5 basement floors to 49 floors above ground, 13 buildings, and a total of 3,413 households, and will be built with the first new concept community-type shopping space in Korea.
Located in the central commercial district, it is rich in various commercial facilities nearby, and Unjeong Lake Park, which is about 725,000㎡, is characterized by a pleasant residential environment within walking distance. It is connected to Unjeong Station on the Gyeongui Central Line by walking deck, making it convenient to use public transportation.
This article was translated by Naver AI translator.
