Kumho Engineering & Construction to open applications this month for ‘Siheung Geomo Atera’; price ceiling system applies

\ \ [Financial News] Kumho Engineering & Construction Co., Ltd. will supply the ‘Siheung Geomo Atera’ Newlywed Hope Town project in the Geomo Public Housing District in Siheung, Gyeonggi Province. Of the 720 units, with exclusive areas of 55 and 59 square meters, 480 are public-supply units and will be subject to the price ceiling system.
Kumho Engineering & Construction Co., Ltd. said on the 9th that it had opened the model home for Siheung Geomo Atera, which is being built in Block A6 of the Siheung Geomo District, on the 6th and had begun the sales process. The project is a Newlywed Hope Town development with private-sector participation, comprising 10 buildings with two basement levels and 25 floors above ground. The total supply includes 240 rental units.
Applications will be accepted through LH Cheongyak Plus on the 16th–17th for advance subscribers and on the 26th–27th for general applicants. Winners will be announced on December 8. After reviews of income and assets, formal contracts are scheduled to be signed at the model home from March 11 to 14 next year. The model home will be open through the 18th of this month.
The complex is located on the boundary between Siheung and Ansan-si, allowing residents to use amenities in both areas, including those in Ansan’s Shingil District. Jegicheon Stream and a neighborhood park are nearby, and a site for commercial facilities is planned within the district. An elementary school is planned in front of the complex, and a site for a middle school is planned nearby.
Residents can use Shingil Oncheon Station, a transfer station for Seoul Metropolitan Subway Line 4 and the Suin–Bundang Line. The Seoansan IC on the Yeongdong Expressway and the Namansan IC on the Pyeongtaek–Siheung Expressway are also accessible. The Banwol and Sihwa National Industrial Complexes are nearby, and projects for the Sinansan Line and the Wolgot–Pangyo Line are underway in the southwestern region.
Depending on the unit type, layouts will feature three bedrooms, two bathrooms and an additional ‘alpha room.’ A seasonal storage unit will be provided free of charge in every unit, and 60T inter-floor sound insulation material will be installed to reduce noise between floors.
The ground level will be designed as a pedestrian-focused space with no vehicle traffic. Plans include a daycare center, a community child-care center, an indoor playground, a small library and a guesthouse, as well as plantings of Yoshino cherry trees and Chinese fringe trees.
With the profit-sharing mortgage exclusive to Newlywed Hope Town, buyers can borrow up to 70% of the sale price, capped at 400 million won, for up to 30 years at a fixed annual interest rate of 1.3%.

[email protected] Choi Ga-young Reporter