DK Asia Signs Second Yacht Construction Contract for Royal Park City Residents

DK Asia, the developer of the private new town ‘Royal Park City’ with 21,313 households, is purchasing a European-style yacht for resident services. This is the second yacht following the launch of Royal Park City No. 1 last August.

Kim Hyo-jong, Vice President and CEO of DK Asia (third from the left), signed an additional yacht construction contract for residents of 'Royal Park City' with Eunseong Heavy Industries on the 23rd and is taking a commemorative photo with the officials.
[Photo by DK Asia]

On the 23rd, DK Asia announced on the 27th that it had signed an additional construction contract for the 66-foot power catamaran European-style yacht ‘Royal Park City No. 2,’ the largest in Korea, with Eunsung Heavy Industries, an eco-friendly ship small and medium enterprise.

Unlike conventional yachts that consist of a single hull and engine, the power catamaran yacht boasts powerful performance with two hulls and two engines. It has the same specifications as the previously built Royal Park City No. 1, measuring 66 feet (20.1m) in length and capable of carrying about 50 people including crew members.

Royal Park City No. 2 is a dedicated yacht for the Royal Park City pilot complex at Wanggil Station, which will be completed in September next year. It is scheduled to be launched in time for the completion and will be used for resident yacht Ara Canal tour services. Residents can use it free of charge for five years.

DK Asia plans to operate a total of 12 luxury yachts in the future. Subsequently, it aims to create a marina, which is usually found only in upscale European residential areas, to complete Royal Park City as Korea’s only resort special city.

The actual appearance of Royal Park City Phase 1.
[Photo by DK Asia]

Meanwhile, the subscription for Wanggil Station Royal Park City will begin with special supply on the 4th of next month on the Korea Real Estate Board’s subscription home, followed by first priority on the 5th and second priority on the 6th. The subscription winners will be announced on the 12th, and the official contracts will be conducted from the 26th to the 28th.

Anyone aged 19 or older residing in the metropolitan area can apply regardless of whether they are the head of the household or a household member. Also, regardless of the number of houses owned, homeowners can apply for first priority subscription, and there is no restriction on re-winning. The resale restriction period is six months, and there is no obligation for actual residence. As a financial benefit, if the down payment (10%) is paid, the entire intermediate payment is provided interest-free, significantly reducing the purchasing burden.

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