HJ Heavy Industries to Launch 'Yeondong Haemoro Lumin' in Jeju in March

Rendering of Haemoro Lumin in Yeondong.

75 units of 84㎡ exclusive area out of 142 households available for general sale

Well-equipped residential infrastructure in Yeondong, the ‘Gangnam of Jeju’

Resale possible immediately after contract

[Asia Economy Reporter Kim Min-young] HJ Heavy Industries, formerly known as Hanjin Heavy Industries, announced on the 16th that it plans to launch 'Yeondong Haemoro Lumin' in the Yeondong area of Jeju City in March. This is HJ Heavy Industries' third apartment project in Jeju Island, composed solely of the highly preferred exclusive area of 84㎡.

Yeondong Haemoro Lumin is a redevelopment project of Uju Villa and Jeonghan Villa. The apartment consists of one building of Uju Villa from basement level 3 to ground level 15, and one building of Jeonghan Villa from basement level 2 to ground level 15, all with an exclusive area of 84㎡. Out of a total of 142 households, 41 units from Uju Villa and 34 units from Jeonghan Villa, totaling 75 units, will be available for general sale.

The types per complex include 5 types for Uju Villa and 3 types for Jeonghan Villa, allowing residents to choose floor plans according to their preferences. The complex features a slab-type cross-ventilation structure (in some units), providing excellent openness, natural lighting, and ventilation. The latest systems such as automatic sliding doors, smart integrated ventilation fans, automatic louvers in the outdoor unit rooms, plasma ion sterilizers in the entrance closets, and an e-book library will also be applied.

The location conditions are also excellent. The apartment is situated between Nohyeong Five-way Intersection and Yeondong Intersection, where educational facilities as well as major government offices, hotels, restaurants, and shops are concentrated. Nearby are prestigious Jeju schools such as Jeju Jeil High School, Namnyeong High School, Jeju High School, as well as Halla Elementary and Middle Schools, Tamna Library, and the Nohyeong-dong academy district.

Yeondong Haemoro Lumin allows first-priority subscription regardless of the number of houses owned or household head status, provided the applicant has held a subscription account for more than 6 months and meets the deposit amount conditions by area. There is no restriction on re-winning, and resale is possible immediately after contract because Jeju Island is a non-regulated area.

A sales official said, "The Yeondong and Nohyeong-dong areas are highly preferred residential locations where about 15% of Jeju's population resides, serving as the administrative, business, and commercial center of Jeju." He added, "Nearby Jeju Advanced Science and Technology Complex houses companies like Daum Kakao and ESTsoft, which is expected to secure demand from workers."

The model house will be located next to the Nohyeong-dong Post Office, and move-in is scheduled for July 2024.

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