Daewoo E&C Launches Sales for 'Gwangmyeong Prugio Forena'

[Asia Economy Reporter Yoo In-ho] Daewoo E&C, together with Hanwha E&C, will open the cyber model house for ‘Gwangmyeong Prugio Forena,’ built in Gwangmyeong New Town Zone 14, Gwangmyeong-si, Gyeonggi Province, on the 26th and begin full-scale sales.

Located at 42-42, Gwangmyeong-dong, Gwangmyeong-si, Gyeonggi Province, ‘Gwangmyeong Prugio Forena’ will be developed with 14 buildings, 3 basement floors, up to 27 floors above ground, with a total of 1,187 households ranging from 32 to 84㎡ in exclusive area. Among them, 397 households will be offered to the general public. By exclusive area, 4 units of 49㎡, 58 units of 59㎡, 63 units of 74㎡, and 272 units of 84㎡ will be available for sale.

Gwangmyeong Prugio Forena is arranged mainly facing south to maximize views, lighting, and ventilation. The building coverage ratio is also low at 17.24%, securing wide distances between buildings. It has also obtained the Green Building Certification with energy efficiency grade 1, enhancing its completeness as an eco-friendly residential complex.

The interior floor plans of each unit are also excellent. For the 59~84㎡ exclusive area types, structures such as 4Bay and two-sided openings are applied by type to secure excellent space utilization and convenient flow lines.

The sale price is set at an average of 19.25 million KRW per 3.3㎡. The payment is structured as 10% deposit, 60% interim payment, and 30% balance. For interim payment loans, if there is no existing mortgage loan on the current house, up to 40%, which is the loan-to-value ratio (LTV) for speculative overheated districts, is possible, and interest deferred payment is applied.

Subscription applications start with special supply on the 29th, followed by first priority for the local area on the 30th, and first priority for other areas on July 1st. The announcement of winners will be on July 8th, and the official contract will be conducted over three days from July 20th to 22nd.

The model house is located near KTX Gwangmyeong Station at 859-11, Seoksu-dong, Manan-gu, Anyang-si, Gyeonggi Province, and will be open to this month’s subscription winners. Move-in is scheduled for September 2023.

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