Hanshin Gongyeong's Own Project Sites in Pohang and Asan Exceed 90% Sales Rate... "Expecting Profitability Improvement"

Successful PF Execution in Paju Unjeong, Yangju Deokgye, Pyeongtaek, and Others

Hanshin Engineering & Construction announced on the 14th that the sales rates of its own projects, ‘Pohang Hanshin The Hue Pentacity’ and ‘Asan Hanshin The Hue,’ have exceeded 90%.

These projects initially faced difficulties in sales due to the downturn in the real estate market, raising concerns about unsold units, but with sales rates surpassing 90%, full sales are imminent. ‘Pohang Hanshin The Hue Pentacity’ is located in Pentacity, an economic free zone in Pohang, Gyeongbuk, and consists of 15 buildings ranging from 3 basement floors to a maximum of 29 floors above ground, with a total of 2,192 units sized between 84 and 99㎡. ‘Asan Hanshin The Hue’ is planned to be built in Gwongok-dong, Asan, Chungnam, comprising 7 buildings from 2 basement floors to a maximum of 20 floors above ground, with a total of 603 apartment units sized between 84 and 99㎡.

Sales for three other projects?Paju Unjeong 3 District, Yangju Deokgye-dong, and Pyeongtaek Brain City?are also scheduled for this year. Paju Unjeong 3 District plans to sell 520 units in a consortium with Jeil Construction. This project is classified as a beneficiary area due to the opening of the GTX (Great Train Express) Line A in the metropolitan area. The Yangju Deokgye-dong apartment development project (724 units) is adjacent to Yangju Hoecheon New Town, a second-phase new town in the northern metropolitan area, and offers access to Deokgye Station on Subway Line 1 and the GTX Line C (scheduled to open). Recently, 75 billion KRW was successfully raised through a guarantee from the Housing Finance Corporation (HF). The Pyeongtaek Brain City development project (1,004 units) benefits from the semiconductor industrial complex development.

A Hanshin Engineering & Construction official stated, “All three projects scheduled to start construction this year are located in excellent metropolitan area locations with favorable transportation conditions, making them highly marketable,” adding, “The full-scale construction progress backed by guarantees from the Housing & Urban Guarantee Corporation (HUG) and HF will contribute to improving Hanshin Engineering & Construction’s profitability.”

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