[Cherry Blossom Subscription Ending] Hanshin Engineering & Construction, 'Pohang Hanshin The Hue Pentacity' Large Complex with 2,200 Households

Pohang Hanshin The Hue Pentacity Bird's-eye View

[Asia Economy Reporter Tae-min Ryu] Hanshin Engineering & Construction is supplying a large-scale complex of 2,200 households in Pohang, Gyeongbuk.

Hanshin Engineering & Construction is currently selling "Pohang Hanshin The Hue Penta City," located within Penta City in Buk-gu, Pohang. This complex consists of 15 buildings with 2,192 households, ranging from 3 basement floors to a maximum of 29 floors above ground. It is the largest complex within Penta City and is expected to become a landmark representing the region. Each unit's floor plan mainly features a 4-bay slab-type design preferred by buyers and is arranged primarily facing south to enhance natural lighting and ventilation.

Penta City, where the complex is located, is the first Free Economic Zone established in Pohang. On a site of approximately 1.48 million square meters, a convergence technology research and development (R&D) hub for advanced technology development and industrialization will be built. The goal is to attract about 250 companies, creating 5,500 jobs and generating an economic ripple effect of 830 billion KRW.

Nearby is KTX Pohang Station, making travel to Seoul and other metropolitan areas and across the country convenient. The Donghae Nambu Line, connecting Pohang-Gyeongju-Ulsan-Busan, also opened at the end of last year. Additionally, the Donghae Jungbu Line "Pohang-Samcheok Railway Construction Project" and the "Pohang-Donghae Electrification Project," connecting Pohang to Gangneung, are scheduled for completion next year.

Right in front of the complex are sites planned for an elementary school and kindergarten, and efforts to attract an international school within Penta City are underway, which is another positive factor. Furthermore, with the planned establishment of multiple parks and forests, a pleasant residential environment is expected to be realized.

The complex is also less affected by regulations. From January this year, strengthened borrower-based DSR regulations apply when total loans, including mortgage and credit loans, exceed 200 million KRW. However, this complex completed its resident recruitment announcement last year before the regulation was implemented, thus it is exempt from these regulations. Additionally, the sale price is set at around 300 million KRW for an exclusive area of 84㎡, easing the burden of soaring apartment prices, and pre-registration resale of the sale rights is possible, which is an advantage.

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