Hanshin Engineering & Construction to Supply Publicly Supported Private Rental 'Geomdan Hanshin The Hue Urban Park' This Month

'Geomdan Hanshin The Hue Urban Park' bird's-eye view [Provided by Hanshin Engineering & Construction]

[Asia Economy Reporter Noh Kyung-jo] Hanshin Engineering & Construction announced on the 7th that it plans to supply the public-supported private rental apartment "Geomdan Hanshin The Hue Urban Park" in Geomdan New Town, Incheon, within this month.

Geomdan Hanshin The Hue Urban Park will be built on 264-7 Dangha-dong, Seo-gu, Incheon, consisting of 8 buildings from 2 basement floors to 29 above-ground floors, with a total of 910 households of exclusive areas 74㎡ and 84㎡. By exclusive area, there are ▲542 households of 74㎡ ▲368 households of 84㎡. The complex layout is mainly south-facing with a large central plaza design, providing a spacious feeling. In addition to high-end community facilities, specialized spaces (youth support facilities) for the main resident group, young people, will be provided.

It is located at the very center of the first phase area of Geomdan New Town, and within walking distance is the newly established station (Station 101) of the Incheon Subway Line 1 extension (scheduled for 2024). Once the new station opens, it will be possible to reach Seoul Station and Incheon International Airport within 30 minutes via Gyeyang Station (Airport Railroad·Incheon Line 1), a transfer station. The proximity to the Metropolitan Area 1st Ring Expressway and Incheon International Airport Expressway also makes travel by car convenient.

Road traffic network expansion projects are underway, including the Wondang?Taeri arterial road (scheduled for 2024) connecting to Olympic-daero in the area, the Geomdan?Gyeongmyeong-ro road (planned) connecting to the Airport Expressway, the Gyeyang?Ganghwa Expressway (planned), and the Dogye?Majon road (scheduled for 2025). Additionally, the Western Metropolitan Express Railway (GTX-D) passing through Geomdan New Town is being promoted, which is expected to further improve accessibility to Seoul in the future.

In terms of residential environment, Ara Central Park right in front of the complex and several neighborhood parks are nearby, along with Gyeyangcheon Stream and Gyeyangcheon Riverside Park. Being adjacent to the central commercial district allows convenient access to various shopping and cultural facilities. The educational environment includes Haedeun Elementary School, Arakkum Kindergarten, Ara Middle School, Arago, and the planned Geomdan 1st and 3rd Elementary Schools, covering all age groups within walking distance. The Wondang district academy area and Incheon English Village are also close.

Anyone aged 19 or older who is a member of a household without a home can apply for subscription regardless of whether they have a subscription savings account or winning history. Long-term residence is possible for 10 years, with initial rent lower than market prices and an increase rate limited to 5% (every 2 years). Since it is not included in the number of houses, it is not subject to re-winning restrictions during subscription and there is no tax burden. Tax deduction benefits provide a tax-saving effect. Early move-in is possible in March next year.

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