Hanwha Adds 'Interest-Free Intermediate Payment Benefit' to Forena Geoje Jangpyeong

Reduced Sale Price to 8.6~9.6 Million KRW per 3.3㎡ for Full-Scale Sale
"Apartment Near Workplace Right in Front of Samsung Heavy Industries"

[Asia Economy Reporter Onyu Lim] Hanwha Construction announced on the 12th that it will officially begin pre-sale of 'Forena Geoje Jangpyeong' with an additional 30% interest-free installment benefit.

Forena Geoje Jangpyeong is an apartment complex located at 337 Jangpyeong-dong, Geoje-si, Gyeongsangnam-do. It consists of 9 buildings ranging from 3 basement floors to 25 above-ground floors, with a total of 817 households, of which 262 units are for general sale. The number of units by type is ▲84㎡A 195 units ▲84㎡B 45 units ▲99㎡ 22 units. This complex applied Hanwha Construction’s newly launched brand Forena last December, following requests from union members and prospective residents.

Hanwha Construction decided to offer a 30% interest-free installment benefit to reduce the financial burden on residents. The sale price was also re-set at 8.6 to 9.6 million KRW per 3.3㎡, about 500,000 KRW lower than before.

Hanwha Construction explained, "Forena Geoje Jangpyeong is located in the core area of Jangpyeong-dong, which is the most preferred residential area in Geoje, boasting excellent location conditions such as transportation, education, and convenience facilities."

In particular, Samsung Heavy Industries Geoje Shipyard, which is located within walking distance and is expected to revive the Geoje market due to recent active ship orders, adds value as a residence close to the workplace. Along with the recovery of shipbuilding orders, the preference for premium brand complexes is also expected to rise in 2021 when Forena Geoje Jangpyeong is scheduled to be occupied.

Geoje also offers excellent wide-area accessibility including Tongyeong and Busan. It is adjacent to Geoje-daero, National Road No. 14, Gyeryong-ro, and Geoje Jungang-ro, and is close to nearby city bus stops with more than 20 routes including Gohyeon Bus Terminal. Recently, early construction of the Southern Inland High-Speed Railway (Western Gyeongnam KTX Line) connecting Gimcheon to Geoje is also anticipated.

Additionally, various schools including Jangpyeong Elementary and Yangji Elementary are located within walking distance adjacent to the complex, and various essential infrastructure such as D-Cube Department Store, Homeplus, Jangpyeong Community Center, and the courthouse are well established.

Inside, the south-facing layout mainly consists of slab-type and open-type structures, and powder rooms are applied to all types. Some types also feature cross-ventilation structures with balconies connected to the kitchen and 'ㄷ-shaped' kitchens to secure convenient flow. To address the recent issue of noise between households, inter-floor noise prevention systems and 300mm thick walls between units have been applied to minimize noise damage.

Song Heeyong, head of sales at Hanwha Construction, said, "Jangpyeong-dong, where Forena Geoje Jangpyeong is located, houses Samsung Heavy Industries Geoje Shipyard, which creates high demand for occupancy and is equipped with abundant living infrastructure, making it one of the top residential areas in Geoje. Especially, as domestic ship orders regained the world’s number one position last year and the shipbuilding industry improves, preference for brand complexes is expected to increase."

Occupancy is scheduled for the first half of 2021, and the model house is located at 202-1 Sangdong-dong, Geoje-si, Gyeongsangnam-do.

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