The Gateway to Western Gyeongnam, Jinju's Central New Town 'Honopolis'
Urban Development Project Covering About 86,700㎡
A Residential Masterpiece with Access to Stations, Schools, and Lifestyles
Exclusive Areas of 84-115㎡, 840 Households
STS Development (project owner) is set to launch sales of 'Honors Welga Jinju', which will be built at 594 Gajwa-dong, Jinju, Gyeongsangnam-do, in May. Construction will be handled by Heunghan Housing General Construction.
STS Development, the project owner of 'Honors Welga Jinju', has successfully carried out over 50 projects in Korea and China, including Homeplus, Living Power Center, CGV complex shopping malls, and mixed-use residential complexes. The company is also actively involved in global projects such as the development of GBC (Global Business Center) in Hanoi, Vietnam, and a city development project (INTELLA CITY) near Ho Chi Minh City in Long An Province, which will supply premium outlets, category killers, hotels, water parks, international schools, and large-scale apartment and villa complexes.
The large-scale urban development project 'Honorpolis', which will develop approximately 86,700㎡ near KTX Jinju Station, will include an intercity and express bus terminal, a terminal complex shopping mall, a themed street mall, and Honors Welga Jinju (a luxury residential space).
Among these, 'Honors Welga Jinju' was awarded the Apartment Grand Prize at the 2023 Hankyung Residential Culture Awards in the first half of the year, securing its reputation as the leading apartment in the region. It will be supplied as a complex of four buildings, ranging from four basement levels to 39 above-ground floors, with exclusive areas of 84 to 115㎡ and a total of 840 units. By type, there will be 278 units of 84㎡ A, 280 units of 84㎡ B, 68 units of 96㎡, and 214 units of 115㎡, focusing on medium to large sizes that are highly preferred by consumers.
The Transportation Hub of Western Gyeongnam
'Honorpolis' serves as a transportation hub for Jinju, with 29 city bus routes within walking distance. The planned relocation of the intercity and express bus terminals to Honorpolis will provide convenient access to nearby suburban areas, satellite cities, and major cities nationwide. In addition, connectivity to major metropolitan areas and cities across the country is excellent via the Gyeongjeon Line, the planned Southern Inland Railway, KTX Jinju Station, and Sacheon Airport.
'Honors Welga Jinju' is located in an area with easy commuting to the nearby Innovation City and Sangpyeong Industrial Complex (within a 2km radius), and offers convenient commutes to Sacheon City, home to the Korea Aerospace Administration and KAI (Korea Aerospace Industries, Ltd.). In addition to its location at the transportation center, which allows for easy use of private vehicles, it boasts the largest number of city bus routes and a well-connected road network linking to intercity and express bus terminals.
Excellent Educational Environment
'Honors Welga Jinju' is within walking distance of Jeongchon Elementary School and Gaeyang Middle School, and provides easy access to Gyeongsang National University Middle and High Schools. Furthermore, Gyeongsang National University, Yeonam Institute of Technology, and Jinju National University of Education are located nearby, forming a one-stop educational cluster that includes elementary, middle, high schools, and universities, offering an outstanding educational environment. As a result, leading academies from across the nation are showing great interest in opening branches here.
The Center of One-Stop Lifestyle, 'Slse-gwon'
'Honors Welga Jinju' is being developed as a lifestyle hub with abundant living infrastructure, enabling residents to enjoy a one-stop lifestyle. The 'Terminal Complex Shopping Mall', which will be built together with the intercity and express bus terminals, will have a total floor area of about 99,000㎡ and will house the largest special cinema in Gyeongsangnam-do, convention facilities, fashion, entertainment, beauty, and F&B, making it a landmark shopping mall in Jinju.
Right next door, the themed street mall, with an area of about 15,200㎡, will feature a car-free street where street dance and busking performances are held year-round, a plaza for various performances, and exotic outdoor terraces, making it a center for shopping, leisure, and relaxation not only for nearby residents but also for people throughout western Gyeongsangnam-do. The neighborhood commercial facilities within the Honors Welga Jinju complex will include cafes, fine dining, family restaurants, F&B outlets, and medical clinics, providing essential daily services.
'Honorpolis' is expected to become the central commercial district of western Gyeongsangnam-do, surpassing Jinju, through the formation of a shopping cluster that includes the terminal complex shopping mall, themed street mall, and Honors Welga neighborhood commercial facilities. Residents of 'Honors Welga Jinju' will be able to enjoy shopping, culture, education, and convenience facilities right in front of their homes, just by stepping out in their slippers, making the one-stop lifestyle of 'Slse-gwon' another premium feature of Honors Welga Jinju.
The Standard for Apartment Selection: Superior Community Facilities
The community facilities to be established at 'Honors Welga Jinju' are also expected to enrich the lives of residents. The complex will include sports facilities such as a fitness center and screen golf range, a dry sauna, a children's water park and zipline playground for young children, as well as a private study room and library. In addition, resident convenience facilities and services such as a lounge cafe (healing care cafe) and concierge service will be introduced, making it a so-called 'community hotspot' complex.
Moreover, the sports complex at Gyeongsang National University, just a five-minute walk away, offers a swimming pool, equipment Pilates, soccer field, tennis courts, and a variety of sports classes, which, together with the Honors Welga community facilities, will meet the diverse needs of residents.
The Leading Apartment in Jinju: 'Honors Welga Jinju'
'Honors Welga Jinju' is expected to ease the burden on buyers with reasonable sales prices, despite being a landmark complex with convenient and diverse community facilities, transportation, educational districts, and shopping, located in the new center of Jinju. The industry expects that the construction and material costs for new apartment supplies continue to rise, making a steeper increase in sales prices inevitable in the future.
In this situation, 'Honors Welga Jinju' is seen as a great opportunity for consumers. In addition, 'Honors Welga Jinju' manages the pre-sale payments made by prospective residents through the guarantee of the government-operated public institution HUG (Housing and Urban Guarantee Corporation).
A sales official stated, "The Honorpolis development project has a structure similar to Central City in Gangnam, which includes an express bus terminal and department store," adding, "Just by looking at the apartment prices near Central City, you can estimate the value of Honors Welga Jinju, located at the so-called Central City of Jinju."
He further added, "This complex will become the dream home that local residents aspire to live in, not only due to the already planned diverse infrastructure but also thanks to the synergy of its beautiful exterior reaching up to 39 floors and one-stop lifestyle services."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
