Lotte Construction Opens Model House for Gangneung Lotte Castle Signature

[Asia Economy Reporter Onyu Lim] Lotte Construction opened the model house for ‘Gangneung Lotte Castle Signature,’ located in 1018-1 Gyodong, Gangneung-si, Gangwon-do, on the 23rd.

Gangneung Lotte Castle Signature consists of 11 buildings ranging from 3 basement floors to a maximum of 29 floors above ground, with units sized between 84 and 185㎡ (exclusive area), totaling 1,305 households, all for general sale. The composition is ▲84㎡ 1,031 units ▲93㎡ 33 units ▲94㎡ 6 units ▲114㎡ 222 units ▲T-135㎡ 2 units ▲T-136㎡ 2 units ▲T-137㎡ 1 unit ▲P-140㎡ 4 units ▲P-185㎡ 4 units.

Gangneung Lotte Castle Signature is supplied through a private park special project developed together with Gyodong 7 Park, boasting a pleasant residential environment. The private park special project means that over 70% of an urban park site planned to be larger than 50,000㎡ is developed as a park and donated to the local government, while the remaining 30% is developed as residential facilities. The 240,000㎡ Gyodong 7 Park, developed alongside the complex, will feature six themed forests and one walking trail, among other diverse spaces.

The complex applies a mainly 4-bay slab-type design, providing excellent openness. The living room and kitchen are designed with cross ventilation for good airflow, and designs that enhance space utilization such as pantry rooms, dressing rooms, and powder rooms are applied throughout the home. Community facilities will include a sauna, fitness center, golf practice range, small library, and daycare center.

Transportation is also excellent. Using the nearby KTX Gangneung Station, it takes about 1 hour and 40 minutes to reach Cheongnyangni Station. The nearby National Routes 7 and 35 provide easy access to the Seoul-Yangyang Expressway, Donghae Expressway, and Yeongdong Expressway.

The educational environment is also outstanding. Nearby schools include Yeongdong Elementary, Yulgok Elementary, Gwandong Middle, Gangneung Jeil High, and Gangil Girls’ High School. Moru Library and a cluster of academies are also adjacent. Surrounding facilities include administrative offices such as Gangneung City Hall and Gyo 1-dong Community Center, as well as lifestyle conveniences like Homeplus, Lotte Hi-Mart, CGV, and Gangneung Medical Center.

A Lotte Construction official said, “Gangneung Lotte Castle Signature is the second complex that Lotte Construction is introducing in Gangneung. The previously sold ‘Gangneung Gyodong Lotte Castle’ has established itself as a landmark apartment representing Gangneung, and this sale is also receiving high expectations. We will present a high-quality product that meets the standards of our customers, reflecting their high expectations.”

Gangwon-do, where Gangneung Lotte Castle Signature is located, is a non-regulated area, so residents of Gangneung-si as well as Gangwon-do residents can apply for subscription as first priority regardless of household headship or number of houses, provided they have been subscribed to a subscription savings account for more than six months and meet the deposit requirements by region and area. The down payment is 10%, and winners are selected by a 40% point system and 60% lottery system for units 85㎡ or smaller, and 100% lottery system for units larger than 85㎡.

The subscription schedule starts with special supply on August 2, followed by first priority subscription applications on August 3, and second priority subscription applications on August 4. Winners will be announced on August 10, and official contracts will be conducted over five days from August 23 to August 27. Entry to the model house is only possible for customers who have applied for a prior visit through the website. Move-in is scheduled for November 2024.

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