GS Construction to Launch First Xi Apartment in Hongseong, Chungnam... August Sale

[Asia Economy Reporter Onyu Lim] GS Construction is introducing its first Xi apartment in Hongseong, Chungnam.

GS Construction announced on the 15th that it plans to launch 'Hongseong Xi' in Hongseong, Chungnam, this August.

Located at 583-14 Goam-ri, Hongseong-eup, Hongseong-gun, Chungnam, Hongseong Xi consists of 6 buildings ranging from basement level 1 to 27 floors above ground, with a total of 483 units. It offers two types: 84㎡ (exclusive area) and 128㎡. The distribution of units is △84㎡A 119 units △84㎡B 200 units △84㎡C 128 units △128㎡ (duplex penthouse) 6 units.

Hongseong Xi is situated in the very center of Hongseong, equipped with abundant infrastructure. First, Hongseong Station on the Janghang Line is within walking distance, making travel to surrounding areas convenient. The Seohae Line double-track railway connecting Songsan Station (Hwaseong, Gyeonggi) is scheduled to open in October 2022 at Hongseong Station, enabling travel to the metropolitan area within an hour in the future. Additionally, the Janghang Line (Sinchang~Daeya) double-track railway project is expected to be completed in 2022, significantly improving accessibility to Seoul. Nearby are Hongseong Terminal and Hongjangbuk-ro, and the Seohaean Expressway Hongseong IC and Dangjin-Yeongdeok Expressway Yesan Sudeoksa IC are also close, providing excellent conditions for vehicle travel.

Right next to the complex, the Hongseong Station Area Urban Development Project is underway. This project involves developing residential, commercial, and office land over an area of 154,483㎡ near Hongseong Station in Goam-ri, Hongseong-eup, aiming to revitalize the local economy and improve the residential environment as a new transportation and logistics hub.

Sharing infrastructure with adjacent areas is also notable. It takes only 20 minutes by car to enter Naepo New Town, allowing convenient access to the abundant living infrastructure within the new town. Near the complex are Lotte Mart, CGV, Hongseong Medical Center, Hongseong Traditional Market, as well as various convenience and administrative facilities such as Hongseong County Office, Daejeon District Court, and Hongseong Tax Office, ensuring excellent living convenience.

Within walking distance of the complex are Hongnam Elementary School, Hongseong Middle School, Hongju High School, Hongseong Library, and various academies, providing an excellent educational environment worth noting.

Hongseong-gun, Chungnam, is a non-regulated area with lenient real estate regulations. As long as the subscription savings account has been held for more than six months and the deposit amount for each housing type is met, applicants can apply as first priority regardless of household head status or home ownership. There are no restrictions on re-winning or resale, allowing immediate resale after contract, and the loan-to-value ratio (LTV) is applied up to 70%.

A GS Construction sales official said, “Since Hongseong Xi is GS Construction’s first apartment introduced in Hongseong, we are putting great effort into the complex and floor plan design,” adding, “We will make it a landmark apartment representing the region based on GS Construction’s technology and know-how.”

Meanwhile, to assist customers unfamiliar with subscription procedures, the Hongseong Xi subscription consultation office operates by reservation and is located at 261 Ogori, Hongseong-eup, Hongseong-gun, Chungnam. Move-in is scheduled for the second half of 2023.

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