GS Construction Launches Sales for 'Hongseong Xi' in Chungnam... Model House Opens on 27th

Perspective view of Chungnam Hongseong Xi. (Provided by Kim Hyemin)

[Asia Economy Reporter Kim Hyemin] GS Construction announced on the 27th that it will open the 'Hongseong Xi' model house in Chungnam and begin full-scale sales.

Hongseong Xi, located at 583-14 Goam-ri, Hongseong-eup, Hongseong-gun, Chungnam, consists of 6 buildings with a total of 483 households, ranging from one basement floor to a maximum of 27 floors above ground.

Hongseong Station on the Janghang Line is within walking distance, making it convenient to move around the surrounding area. When the double-track Seohae Line opens in October next year, it is expected to enable travel within one hour to the metropolitan area. The double-track Janghang Line (Sinchang~Daeya) project will also be completed next year. Nearby infrastructure includes Hongseong Terminal and Hongjangbuk-ro.

It takes 20 minutes by car to enter Naepo New Town, allowing residents to use its living infrastructure as well. Near the complex are Lotte Mart, Hongseong Medical Center, Hongseong Traditional Market, as well as administrative facilities such as Hongseong County Office and Daejeon District Court. Hongnam Elementary School, Hongseo Middle School, and Hongju High School are also within walking distance.

GS Construction plans to create the Elysia Garden, approximately 1,300 pyeong in size, in the center of the complex. Community facilities such as a fitness center, study room, and cafeteria will be provided, along with a guest house within the complex. Engineered stone will be applied free of charge to kitchen walls and countertops, and the complex will offer Xi's exclusive specialized air purification system, Sysclean (paid option).

Meanwhile, Hongseong-gun in Chungnam is a non-regulated area where first-priority subscription is possible regardless of household head or home ownership status, 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. There are no restrictions on re-winning or resale, so resale is possible immediately after the contract. The loan-to-value ratio (LTV) for mortgage loans is also applied up to 70%.

Hongseong Xi will start special supply on the 6th of next month, followed by first-priority subscription on the 7th. Winners will be announced on the 14th of next month, and the official contract period is from the 27th to the 29th of the same month. Move-in is scheduled for the second half of 2023.

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