Bando Construction's 'Changwon Machang Bridge Bando Yubora', Contract on 19th, Notable for Affordable Price and Interest-Free Interim Payments

- Masan Marine New City, Gapo New Port Hinterland Development and Other Changwon City Balanced Development Beneficiary Areas.. Gapo Residential District
- Affordable Sale Price in the Mid-8 Million KRW per 3.3㎡ Range, 60% Interest-Free Interim Payment, Transferable Before Registration

Visitors receiving consultations at the model house of ‘Machang Bridge Bando Yubora Ivy Park’

Bando Construction is attracting great attention with its second supply in Changwon at the Gapo Residential District, the ‘Machang Bridge Bando Yubora Ivy Park.’ With an affordable sale price in the mid-8 million KRW range per 3.3㎡, 60% interest-free interim payments, and the ability to resell before registration, it presents an opportunity for homeownership in Changwon, where housing prices are rising.

Changwon, where ‘Machang Bridge Bando Yubora Ivy Park’ is located, is buzzing with development as the ‘Integrated Financial Incentive Extension’ has been confirmed, along with key projects in the Masan area such as the ‘Masan Marine New City,’ the ‘Southeast Complex Logistics Hub Gapo New Port Hinterland Development,’ the ‘10-year long-awaited Changwon Self-Sufficient Complex Administrative Town Creation,’ and ‘Transportation Network Expansion and Opening.’

The unsold housing units in Changwon, which once approached 7,000 units, sharply decreased to 637 units as of February. This means about 5,000 units have been reduced in roughly one year. The ‘Changwon Wolyeong Marine Ashiang’ (4,298 units), which accounted for most of the unsold units in Changwon, has raised its sales rate to 90%, leaving about 500 unsold units as of February.

The ‘Machang Bridge Bando Yubora Ivy Park,’ introduced by Bando Construction as the first private brand apartment in the Gapo District of Masanhappo-gu, continues to attract not only actual demand buyers but also investment demand at its model house.

‘Machang Bridge Bando Yubora Ivy Park,’ supplied in Changwon, is subject to the price ceiling system, offering an affordable sale price in the mid-8 million KRW range per 3.3㎡. For homebuyers, there is a fixed contract deposit of 10 million KRW (first payment), 60% interest-free interim payment benefits, and the possibility of resale before registration.

Winner contracts will be held for three days from Monday, April 19 to Wednesday, April 21, followed by first-come, first-served contracts for remaining units such as those from disqualified winners. Move-in is scheduled for March 2024.

The Gapo Residential District has excellent accessibility to Changwon’s Seongsan-gu, where major infrastructures such as City Hall and Provincial Office are concentrated, via the Machang Bridge connecting Masanhappo-gu and Seongsan-gu. It is literally just one bridge away from the Seongsan living area, yet prices are affordable due to the application of the public land price ceiling system.

‘Machang Bridge Bando Yubora Ivy Park’ in Changwon is located in a prime spot within the Gapo Residential District. A daycare center will be established within the complex, and Gapo Elementary School, a kindergarten (planned), and a middle school (planned) are located right in front of the complex, providing a ‘12-year safe educational environment.’

A central park, 2.5 times the size of a soccer field, will be created within the complex, and the surroundings will feature forest zones on three sides including Cheonmasan, Cheongnyangsan, and Suribong mountains, as well as a waterfront park. Outside the complex, Masan Bay, Gapo Bon-dong Waterfront Cultural Park, Gapo Rogagopa Flower Garden, coastal park walking trails, and Dolsom Marine Amusement Park are nearby. It is also close to the Masan Port West Port District Waterfront Park, scheduled for completion in June, and the Old Port Disaster Prevention Hill Waterfront Park.

‘Machang Bridge Bando Yubora Ivy Park’ in Changwon, Gyeongnam, will be developed with 9 buildings ranging from 3 basement floors to 25 floors above ground, with exclusive areas of 74 to 84㎡, totaling 847 households.

The Masan promotional center and model house for ‘Machang Bridge Bando Yubora Ivy Park’ are located in Changwon, Gyeongnam.

Visitors at the model house of 'Changwon Machang Bridge Bando Yubora Ivy Park' are looking at the local location map.