GS Construction to Launch 'Pangyo Valley Xi' in December, Offering Dual Living Zones in Gangnam and Pangyo

Perspective view of Pangyo Valley Ja-i.

[Asia Economy Reporter Donghyun Choi] GS Construction announced on the 9th that it plans to launch 'Pangyo Valley Xi' in December at blocks C1, C2, and C3 in Godeung District, Seongnam-si, Gyeonggi Province, located between Gangnam, Seoul and Pangyo Techno Valley.

This complex consists of 15 buildings with 2 basement floors and 14 above-ground floors, comprising only small to medium-sized units preferred by buyers: 350 apartments ranging from 60 to 84㎡ (exclusive area) and 282 officetels ranging from 59 to 84㎡. By block, C1 block will have 130 apartments and 108 officetels, C2 block will have 130 apartments and 112 officetels, and C3 block will have 90 apartments and 62 officetels.

By detailed type, the apartments include ▲60㎡A with 271 units ▲60㎡B with 65 units ▲84㎡ with 14 units, and the officetels include ▲59㎡A with 105 units ▲59㎡B with 50 units ▲84㎡A with 88 units ▲84㎡B with 25 units ▲84㎡C with 14 units.

The Godeung District, where Pangyo Valley Xi will be located, is a public housing site covering a total area of 569,201㎡ in Godeung-dong and Siheung-dong, Sujeong-gu, Seongnam-si, Gyeonggi Province. It is adjacent to Gangnam, Seoul, and is the biggest beneficiary area of the Pangyo Techno Valley expansion. Pangyo Techno Valley, known as Korea's Silicon Valley, houses about 1,300 companies including Kakao, Nexon, and NCSoft, with approximately 65,000 employees. The second phase of Pangyo Techno Valley, covering about 430,000㎡, will complete its first stage by the end of this year, and companies related to software, bio, semiconductors, and autonomous vehicles are expected to move in. Additionally, the Pangyo 3rd Techno Valley is under development in Geumto District, Seongnam, aiming for completion in 2023.

Transportation is convenient. Daewangpangyo-ro, Yongin-Seoul Expressway, and Bundang-Naegok Expressway surround the Godeung District, allowing quick access to Gangnam, Songpa, and Pangyo by car or currently operating wide-area buses. Access to Gyeongbu Expressway, Seoul Metropolitan Area 1st Ring Expressway, and Bundang-Suseo Expressway is also convenient.

Moreover, residents can enjoy various lifestyle convenience facilities in Pangyo New Town such as Hyundai Department Store Pangyo Branch, Lotte Mart Pangyo Branch, H Square, and W Square. The complex is adjacent to Sangjeokcheon Stream, Daewang Reservoir, and parklands next to the site. Wangnam Elementary School is also nearby.

Pangyo Valley Xi is designed with a south-facing layout, providing excellent sunlight and natural lighting. Landscaping facilities that create a pleasant environment and various community facilities enhancing residents' convenience will be installed. The officetels are designed as residential-type products that can substitute apartments, with various storage units installed to maximize space efficiency.

A sales official of Pangyo Valley Xi said, “Originally, we planned to launch in June last year, but after a design change process to improve customer satisfaction, we are launching after about a year. As the top brand located in the best location in Seongnam Godeung District, we will repay customers with a product that they can be proud of.”

The model house will be located in Gumi-dong 152, Bundang-gu, Seongnam-si, and to prevent the spread of COVID-19, a cyber model house will be operated simultaneously. Move-in is scheduled for January 2023.

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