- Formation of a 2,000-unit Lotte Castle brand town with 'Changwon Lotte Castle Centum Gold'
- Special supply on October 11 (Tue), first priority subscription on the 12th (Wed), and official contracts from November 1 (Tue) to 4 (Fri)
Lotte Construction is currently offering units for sale in ‘Changwon Lotte Castle Harbor Palace,’ a redevelopment project in Yangdeok 4 District, Masanhwoin-gu, Changwon-si, Gyeongnam. The complex will consist of 7 buildings ranging from 2 basement floors to a maximum of 36 above-ground floors, with a total of 981 households and exclusive areas ranging from 39 to 112㎡, of which 748 units will be available for general sale.
The housing types are composed of six types: △39㎡ 18 units △59㎡A 58 units △59㎡B 25 units △84㎡A 388 units △84㎡B 201 units △112㎡ 58 units.
In July last year, the ‘Changwon Lotte Castle Centum Gold’ supplied through the Yangdeok 2 District reconstruction project received 25,831 applications in the first priority subscription, showing a high competition rate of 70.6 to 1 on average. In addition, ‘Changwon Lotte Castle Harbor Palace,’ supplied through the Yangdeok 4 District redevelopment, is expected to receive high demand due to its excellent location and status as a non-regulated subscription area, allowing freedom from subscription qualifications and regulations.
‘Changwon Lotte Castle Harbor Palace’ is located in a residential area with high housing preference in Masan, offering abundant living infrastructure.
Within approximately 1 km radius, convenient living facilities such as Shinsegae Department Store, Lotte Mart, and Homeplus are nearby, providing a comfortable living environment. Also, educational facilities including Bongdeok Elementary School directly opposite the complex, Changsin Middle School, and Changsin High School are within walking distance, ensuring an excellent educational environment.
Various transportation conditions are also notable. Masan Express Bus Terminal is within walking distance, and KTX Masan Station is located nearby. Additionally, road networks such as Masan Jungang-ro, Yangdeok-ro, and Pallyong Tunnel are close by, enabling quick access to Changwon city center by car. It is also easy to travel to other regions using Namhae Expressway Dongmasan IC and Seomasan IC.
The residential environment is also pleasant. Nearby are Pallyongsan Mountain, Bongam Reservoir, Yangdeok Samgakji Park, and Sanho Park, allowing residents to enjoy an eco-friendly lifestyle. Especially, the Pallyongsan hiking trail is located directly opposite the complex, making it easy to enjoy leisure activities with family at any time.
There is also abundant demand for proximity to workplaces. Directly south of the complex is the Masan Free Trade Zone, and Changwon Green Tech Valley, home to LG Electronics, Hyosung Heavy Industries, Hyundai Mobis, SK Technopark, and Hyundai Wia, is nearby, enabling quick commuting.
A real estate agent in Yangdeok-dong said, “Recently, newly supplied complexes in Masanhwoin-gu, a non-regulated area within Changwon city, have continued to be successful with high subscription competition rates. Along with the previously supplied ‘Changwon Lotte Castle Centum Gold,’ expectations for the creation of a Lotte Castle brand town are increasing, so high subscription competition is anticipated.”
The subscription schedule for ‘Changwon Lotte Castle Harbor Palace’ starts with special supply on Tuesday, October 11, followed by first priority subscription on Wednesday, October 12. The announcement of winners will be on Friday, October 21, and the official contract period will be from Tuesday, November 1 to Friday, November 4.
Move-in is scheduled for January 2025.
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