[Full Bloom Spring Sale] POSCO E&C 'The Sharp Geoje De Cleve'... Seobu Gyeongnam KTX Boon

POSCO E&C 'The Sharp Geoje The Cliffe'

[Asia Economy Reporter Moon Jiwon] POSCO Engineering & Construction will launch sales of ‘The Sharp Geoje Declive’ in Geoje City, Gyeongnam Province this month.

The Sharp Geoje Declive, located in the Sangdong-dong 765 area of Geoje City, consists of 13 buildings with 1,288 households, ranging from three basement floors to a maximum of 25 floors above ground. The units are designed with exclusive areas of 74 to 98㎡, comprising △74㎡ 263 units △84㎡ 955 units △98㎡ 70 units. Move-in is scheduled for October 2023.

The complex is designed with all units facing mainly south to enhance views and comfort. For residents’ safety, the ground level is designed as a vehicle-free zone, and various community facilities such as a golf practice range, fitness center, and sauna are provided.

The Sangdong-dong area where the complex is located is emerging as a new residential town in Geoje city, expected to secure abundant demand from the surrounding area.

There are also many transportation benefits. The Southern Inland High-Speed Railway (Western Gyeongnam KTX), connecting Seoul, Gimcheon, and Geoje, is scheduled to open in 2028. Once the line opens, travel time from Seoul to Geoje will be reduced to about two hours. The Myeongjin Tunnel, expected to be completed by the end of next year, will connect Myeongjin-ri and Sangdong-dong, which were previously separated by mountains, significantly shortening east-west travel time within Geoje City.

Geoje is a non-regulated area, so it is relatively free from real estate regulations. There are no restrictions on resale of pre-sale rights or re-winning limitations, and residents of Gyeongnam, Busan, and Ulsan who have held a subscription savings account for more than six months can apply for the first priority regardless of home ownership status.

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