Kumho Construction to Launch 'Dobong Kumho Eoullim River Park' for Sale in October

Kumho Construction announced on the 5th that it plans to launch sales of ‘Dobong Kumho Eoullim River Park’ this month through the Dobong 2 District Housing Redevelopment Project in Dobong-gu, Seoul.

Bird's-eye view of 'Dobong Kumho Eoullim River Park'. [Image provided by Kumho Construction]

This complex will be built at 95 Dobong 2-dong, Dobong-gu, consisting of 5 buildings ranging from 2 basement floors to 18 above-ground floors, with exclusive areas of 59 to 84㎡, totaling 299 households. Among them, 130 units will be available for general sale.

‘Dobong Kumho Eoullim River Park’ is highly rare as it is the first new apartment complex built in Dobong-dong in 13 years. The complex is primarily west-facing to maximize natural light and sunlight rights. Resident convenience facilities such as a Mom Station, senior citizens’ center, children’s playground, and community exercise facilities will be provided within the complex. Solar power generation facilities on the apartment rooftops will help reduce common maintenance fees.

Within approximately 500 meters radius, Dobong Station and Banghak Station on Seoul Subway Line 1 are accessible on foot. The area has convenient transportation networks including wide-area bus routes connecting to Gangnam, Dobong-ro, Madeul-ro, and Dongbu Expressway. The Ui-Sinseol Line is planned to be extended to Banghak Station, and the GTX-C line, connecting Suwon in Gyeonggi-do and Deokjeong in Yangju, is scheduled for Chang-dong Station, which is one stop away from Banghak Station.

Changdong Elementary School and Dobong Middle School are nearby, along with lifestyle infrastructure such as Seoul Northern District Court and Prosecutor’s Office, Dobong-gu Office, Homeplus, CGV, and Lotte Department Store. The complex is also close to natural environments including Jungnangcheon Stream and Jungnangcheon Riverside Park, Dobongsan, Suraksan, and Bukhansan Mountains.

The Changdong and Sanggye areas are being developed as a new economic center with complex transfer functions and business support functions through the introduction of central commercial business and specialized industries. Seoul Startup Hub Changdong opened in November 2020, and the startup and cultural industry complex was completed last June. With the creation of future industry clusters and commercial-cultural complexes such as the Seoul Arena performance hall with a capacity of 20,000 seats, the area is expected to play a role as a new economic center in the northeastern region.

Meanwhile, anyone can apply for the first-priority subscription for ‘Dobong Kumho Eoullim River Park’ regardless of home ownership, and there is no re-winning restriction. Even if selected, the obligation to dispose of existing homes for first-time homebuyers has been abolished, so there is no need to sell existing homes. There is no obligation to reside, resale restrictions last for one year, and interim payment loans are available up to 60%.

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