Geumgang Housing Launches First Residential-Commercial Complex in Geomdan New Town, 'Geumgang Penterium The Siglo' for Sale

447 Apartment Units, 39 Officetel Rooms, and Neighborhood Facilities
Located Near Planned Incheon Line 1 Extension Station... Next Complex, Legal Town, and More
Attractive 'All-In-Vill' Location with Abundant Infrastructure
100% Slab-Type Structure with Specialized 4-Bay and 5-Bay Designs Applied

Geumgang Pentarium THE SIGLO (The Siglo) Perspective View at Geomdan Station / Provided by Geumgang Housing

[Asia Economy Reporter Kangwook Cho] Geumgang Housing announced on the 7th that it will launch the first residential-commercial complex in Geomdan New Town, Incheon, called ‘Geomdan Station Geumgang Penterium THE SIGLO’ this month.

Geomdan Station Geumgang Penterium THE SIGLO is located in RC3 block of Geomdan New Town, Incheon Metropolitan City. It consists of 4 buildings with a total of 486 households, ranging from 2 basement floors to a maximum of 35 floors above ground, and is a residential-commercial complex composed of apartments, officetels, and neighborhood living facilities. The number of households by type is as follows: apartments with exclusive areas of △84㎡A 67 units △84㎡B 129 units △84㎡C 195 units △84㎡D 28 units △84㎡E 28 units; officetels with exclusive areas of △39㎡A 9 units △39㎡AT 9 units △39㎡B 9 units △39㎡BT 12 units. In particular, the neighborhood living facilities will be developed as the first street mall in Geomdan New Town, featuring a homage to Covent Garden in London, UK.

Geomdan New Town’s Best Location Enjoying Transportation, Commerce, Education, and Natural Environment

Geomdan Station Geumgang Penterium THE SIGLO is located in Geomdan New Town, which last year became the first in Korea to receive approval for a smart city construction project plan. Currently, Geomdan New Town is divided into three phases and is being developed as a future new city ‘Next City’ where humans, environment, and advanced technology coexist. The complex is situated in the core location of the first phase, which is closest to Seoul among the three phases, and will enjoy an ‘All-In-Vill’ location with abundant infrastructure in various aspects.

First, adjacent to the complex is a commercial site planned for the ‘Geomdan New Town 101 Station Area Development Project (hereinafter Next Complex)’ covering approximately 49,540㎡. Next Complex will be developed as a mixed cultural space including cultural, commercial, office, and residential areas, featuring a multiplex, cultural center, large bookstore, convention center, kids and sports theme parks, among others. To the south of the complex, a large-scale legal town is planned with the establishment of the Northern Branch of Incheon District Court and the Northern Branch of Incheon District Prosecutors’ Office, expected to provide an excellent residential environment free from harmful facilities.

Also, Geomdan Station Geumgang Penterium THE SIGLO is a ‘school zone’ complex within walking distance to an English village and elementary, middle, and high schools. Including already opened Balsan Elementary and Wondang High School, many educational facilities such as Geomdan 1, 3, and 5 Elementary Schools (planned), Geomdan 1 Middle School (planned), and Geomdan 1 High School (planned) are all scheduled to open within two years. Furthermore, a historical park is located in front of the complex, and a pleasant residential environment is provided with the Gyeyangcheon stream flowing to the south. Once the Gyeyangcheon waterfront park development project (planned) is completed, residents will enjoy various convenience facilities such as walking trails, bicycle paths, and sports facilities, making it an ideal complex for raising children.

Transportation infrastructure is also abundant. The complex is a station-area complex within walking distance to a new station on the extension line of Incheon Subway Line 1 (scheduled for 2024). By car, it is about 10 minutes to Gimpo Gold Line ‘Pungmu Station’, Incheon Subway Line 2 ‘Dokjeong Station’, and Airport Railroad ‘Geomam Station’. Access to various parts of the metropolitan area is convenient via the Metropolitan Area 1st Ring Expressway (formerly Outer Ring Expressway) and Gimpo Hangang-ro.

Many transportation improvements are planned, increasing future value. Near the complex, new wide-area roads such as ‘Geomdan-Dream Road’ (scheduled for 2024) and ‘Geomdan-Gyeongmyeong Road’ (scheduled for 2023) connecting Geomdan New Town with Seoul and Gimpo Hangang New Town are planned. It is also adjacent to the Metropolitan Area 2nd Ring Expressway, scheduled for completion in 2026, which will improve accessibility not only to the northwestern Seoul area but also to other metropolitan areas.

Specialized Design Featuring South-Facing Layouts for All Units, Slab-Type, 4·5 Bay, and Alpha Rooms

Geumgang Housing, the contractor, is also noteworthy. Geumgang Housing, focusing on the housing business under its own brand ‘Penterium’, is emerging as a strong player in the housing industry, ranking 37th in construction capability evaluation last year. In particular, Geomdan Station Geumgang Penterium THE SIGLO is the first complex to apply the premium residential brand ‘THE SIGLO’, recently launched by Geumgang Housing for residential-commercial complexes, and is expected to incorporate specialized designs reflecting Geumgang Housing’s construction know-how.

First, all units are mainly arranged facing south, applying 100% slab-type and 4·5 bay designs to maximize ventilation and lighting. Alpha rooms are provided in all units for efficient space utilization, and in some units, the alpha room can be expanded to create a wide living room approximately 7 meters long. Additionally, the officetels, designed as specialized products for 1-2 person households, apply a popular 1.5-room layout and a ‘ㄷ’-shaped kitchen that allows efficient movement and storage. Some units also feature specialized designs such as terraces.

The neighborhood living facilities, totaling 137 units, will be developed alongside the complex with design specialization and a variety of business types to enhance residents’ living satisfaction.

A Geumgang Housing sales official said, "Geomdan Station Geumgang Penterium THE SIGLO is located in a core area within Geomdan New Town, which has recently attracted attention, and interest has been very high even before the sale." He added, "We will enhance satisfaction by using high-quality finishing materials and differentiated designs to meet consumers’ expectations."

The model house is located in Wondang-dong, Seo-gu, Incheon Metropolitan City, and move-in is scheduled for February 2024.