Hanshin Engineering is supplying post-sale apartments at an economical price in the 200 million KRW range with ‘Incheon Seokjeong Hanshin The Hue’ located in Michuhol-gu, Incheon.
Incheon Seokjeong Hanshin The Hue is being developed in the Sungui-dong area of Michuhol-gu, Incheon Metropolitan City. It consists of 3 basement floors to 20 above-ground floors, with 6 types ranging from 36 to 66㎡ in exclusive area, and out of a total of 293 households, 151 are available for general sale. It is characterized by offering a wide range of options for buyers, from small units priced in the 200 million KRW range to medium-small units in the 300 million KRW range.
Incheon Seokjeong Hanshin The Hue is priced reasonably. Compared to the nearby D Company apartment (sold in November 2021, scheduled for move-in this June) where the 59㎡ exclusive type (floors 10 to 19) was priced at about 410 million KRW, the same type at Incheon Seokjeong Hanshin The Hue (floors 10 to 15) is about 350 million KRW, making it approximately 60 million KRW cheaper.
Additionally, it offers a ‘3-No (無) Premium Benefit’ to reduce the financial burden on contract holders. The 3-No Premium provided by Incheon Seokjeong Hanshin The Hue refers to free balcony extension construction, free installation of system air conditioners, and free provision of built-in wardrobes. Since these are options that most buyers typically select when purchasing an apartment, providing them free of charge effectively lowers the sale price.
This complex is a pre-construction post-sale apartment, offering the merit of immediate move-in upon contract. Buyers can directly verify the current construction status, workmanship, surrounding location, and residential environment before making a decision. Moreover, as it is post-sale, it is exempt from subscription obligations, so there is no need to use a subscription savings account, and being located in a non-regulated area, it is relatively free from various regulations.
A sales representative stated, "Incheon Seokjeong Hanshin The Hue is the first LH-participated street housing maintenance project in Korea, and with LH’s involvement, the apartment’s quality and reliability are guaranteed. Amid ongoing social issues such as recent price increases and construction halts, this safe post-sale apartment is gaining attention as a golden opportunity for those looking to own a home."
It also boasts an excellent location that benefits from the existing infrastructure of the old downtown area. Nearby are elementary, middle, high schools, and universities, providing a rich educational environment. The well-established medical, shopping, and administrative infrastructure of the old downtown is also close by, enhancing living convenience. Especially in terms of transportation, it has a double station area with a 7-minute distance to Dowon Station on Line 1 and a 10-minute walk to Jemulpo Station. Using the Jemulpo Station express, it takes about 30 minutes to Yeongdeungpo Station and 40 minutes to Yongsan Station. Additionally, for car users, it offers excellent connectivity through the Gyeongin Expressway and the 2nd Outer Ring Road, allowing easy access anywhere.
Future value appreciation is also expected due to surrounding development benefits. Premiums from the Ryu Hyun-jin Baseball Street and Incheon Arena Park development are present, and other projects such as the 1,705-unit Jeondogwan district and the 3,965-unit Geumsong district redevelopment are planned, raising expectations for future value growth.
Incheon Seokjeong Hanshin The Hue operates a sales promotion center.
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