Dongyang Construction, Incheon Geomdan New Town 'Geomdan Paragon Central Park' Sale

▲ Perspective view of 'Geomdan Paragon Central Park' in AA2 Block, Geomdan New Town, Seo-gu, Incheon (Provided by Dongyang Construction Industry)

[Asia Economy Reporter Lee Chun-hee] Dongyang Construction Industry announced on the 2nd that it will open the model house for 'Geomdan Paragon Central Park,' supplied in AA2 Block of Geomdan New Town, Seo-gu, Incheon, starting from the 3rd, and begin sales.

This complex consists of 12 buildings ranging from 2 basement floors to 25 above-ground floors, with a total of 1,122 households. All units are supplied with an exclusive area of 84㎡ (2 types: A and B). The sale price is set between 374 million and 430 million KRW.

The biggest advantage of Geomdan Paragon Central Park is its proximity to the station. When the Geomdan extension line of Incheon Subway Line 1, scheduled to open in 2024, is completed, the complex will become a station-area complex with a station located just a 3-minute walk away. By transferring to the Airport Railroad at Gyeyang Station, which is one stop away, it will be possible to reach Seoul Station within about 30 minutes. If the currently planned extensions of Seoul Subway Line 5 and Incheon Subway Line 2 are realized, the transportation accessibility of Geomdan New Town is expected to improve dramatically.

The educational environment is also excellent. The currently operating English Village and Edible International School are adjacent to the complex, and elementary, middle, and high schools are planned to be built nearby. Additionally, a large neighborhood park of 55,696㎡ is located right in front of the complex, and a waterside park will be created along the nearby Gyeyangcheon Stream.

Dongyang Construction applied three-sided balconies to all 1,122 households in this complex to maximize service area, while adopting a south-facing layout and slab-type cross ventilation structure to enhance lighting and ventilation.

Another advantage is that the area avoids the high-intensity regulations imposed by the government. This complex allows subscription regardless of home ownership and has no re-winning restrictions. Also, non-household heads can apply for subscription. Even those with low scores can aim for subscription. Unlike Seoul, where units under 85㎡ are supplied entirely by a point-based system, this complex has a lottery system ratio of 80%, increasing the chances of winning even with low points.

The subscription schedule starts with special supply on the 7th, followed by first priority on the 8th, and second priority on the 9th. Winners will be announced on the 15th. Contracts will be signed over three days from the 28th to the 30th. The expected move-in date is June 2022. The model house is located in Wondang-dong, Seo-gu, Incheon.

This content was produced with the assistance of AI translation services.