First Large-Scale Complex in Incheon This Year
735 Units Available for General Sale

Hanwha Construction Division and POSCO E&C announced on April 10 that they have begun accepting applications for first-come, first-served sales of "Foretna The Sharp Incheon City Hall Station," a residential complex being built in Guwol-dong, Namdong-gu, Incheon.


The complex is being developed by redeveloping the area around 311-1 Ganseok-dong, near Sangincheon Elementary School. It will consist of 24 buildings with 4 basement levels and up to 35 floors above ground, offering a total of 2,568 units with exclusive areas ranging from 39 to 84 square meters. Of these, 735 units will be available for general sale. This is the first large-scale complex in Incheon this year to offer more than 2,000 units.

Perspective view of Forenadashop Incheon City Hall Station. Provided by Hanwha Construction Division

Perspective view of Forenadashop Incheon City Hall Station. Provided by Hanwha Construction Division

View original image

The development is located within walking distance of Incheon City Hall Station, a transfer station for Incheon Subway Lines 1 and 2, as well as Ganseokogeori Station on Line 1, making it a prime transit-oriented complex. Easy access to the Seoul Metropolitan Area's First and Second Ring Expressways and the Second Gyeongin Expressway is available via Gyeongin-ro. Incheon City Hall Station is also scheduled to serve the GTX-B metropolitan express railway line in the future, which is expected to improve accessibility to major business districts in Seoul upon its opening.


The complex is situated right in front of Sangincheon Elementary School, with middle and high schools and the Guhwol-dong academy district located within a 1-kilometer radius. Major shopping and medical facilities such as Homeplus, Lotte Department Store, and Gachon University Gil Medical Center, as well as key administrative offices including Incheon City Hall, are also nearby. In line with the large scale of the development, a variety of community facilities will be established, including a golf practice range, a Pilates studio, private offices, and studios.


Advanced systems have been applied to enhance residential convenience. The smart home platform "Homenic" has been introduced, enabling residents to control lighting and appliances, check maintenance fees, and make community reservations. In the parking lot, the "EV Air Station," a ceiling-mounted electric vehicle charging system developed for the first time by Hanwha Construction Division, has been installed to increase the efficiency of parking spaces.

Hanwha and POSCO E&C Launch Sales for Foretna The Sharp Incheon City Hall Station... Large-Scale Complex with 2,568 Units View original image

Incheon, where the complex is located, is not subject to acquisition or capital gains tax regulations, nor is there a mandatory occupancy requirement. The payment schedule has also been set to reduce the financial burden on buyers: a 5% down payment, 60% interim payment, and 35% final payment. Jang Younggi, Head of Sales at Hanwha Construction Division, stated, "Located at the administrative and transportation center of Incheon, the complex is expected to benefit further once the GTX-B line opens."



Since April 4, customers entering on a first-come, first-served basis have been granted priority for selecting building and unit numbers among the remaining units. Move-in is scheduled for the second half of 2029.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing