[Asia Economy Reporter Noh Kyung-jo] Hanshin Engineering announced on the 20th that it will supply 'Geomdan Hanshin The Hue Urban Park' in Geomdan New Town, Incheon, in early October. The sale was originally scheduled for the end of September but has been slightly delayed.
Geomdan Hanshin The Hue Urban Park is a publicly supported private rental apartment complex, built on 264-7 Dangha-dong, Seo-gu, Incheon, consisting of 8 buildings from 2 basement floors to 29 above-ground floors, totaling 910 households. By exclusive area, there are ▲542 units of 74㎡ ▲368 units of 84㎡. The complex is mainly south-facing, designed with a large central plaza to provide a sense of openness. High-end community facilities and specialized spaces for the main resident group, young people (youth support facilities), will be provided.
It is located at the very center of the first phase zone of Geomdan New Town, within walking distance of the newly established station (Station 101) on the extension of Incheon Subway Line 1 (scheduled for 2024). Once the new station opens, it will be possible to reach Seoul Station and Incheon International Airport within 30 minutes via Gyeyang Station (transfer station for Airport Railroad and Incheon Line 1). The proximity to the Metropolitan Area 1st Ring Expressway and Incheon International Airport Expressway also facilitates easy travel by car.
Road infrastructure expansion projects are underway, including the Wondang?Taeri arterial road (scheduled for 2024) connecting to Olympic-daero, the planned Geomdan?Gyeongmyeong-ro road connecting to the Airport Expressway, the planned Gyeyang?Ganghwa Expressway, and the Dokye?Majon road (scheduled for 2025). The Western Metropolitan Express Railway (GTX-D), passing through Geomdan New Town, is also being promoted.
In terms of residential environment, Ara Central Park is right in front of the complex, along with numerous neighborhood parks nearby, and Gyeyangcheon Stream and its waterfront park are also close. Being adjacent to the central commercial district allows convenient access to shopping and cultural facilities. The educational environment includes Haedeun Elementary School, Arakkum Kindergarten, Ara Middle School, Arago, and the planned Geomdan 1st and 3rd Elementary Schools, covering all age groups within walking distance. The Wondang district academy area and Incheon English Village are also nearby.
Anyone aged 19 or older who is a member of a household without home ownership can apply regardless of whether they have a subscription savings account or previous winning history. Long-term residence for 10 years is possible, with initial rent lower than market prices and an increase rate limited to 5% (every 2 years). There is no re-winning restriction upon application, and tax deductions are available. Quick move-in is possible by March next year.
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