Bando Construction's 'Gyeyang Caiiv Yuboraa' to Begin Contract Signing on the 23rd, With a Focus on Education and Green Space

[Financial News] Gyeyang New Town Caiiv Yuboraa, the first privately sold apartment complex in Gyeyang New Town, Incheon, will begin contract signing with successful applicants on the 23rd. The complex, developed by Bando Construction, will have 1,110 homes with exclusive areas of 84 sq. m or larger.
According to Bando Construction and others on the 15th, the complex will be built across Blocks AC3 and AC4, with two basement levels, 15 floors above ground and 16 buildings. Block AC3 will have 614 homes and Block AC4 will have 496, with move-in scheduled for August 2029. Winners for Block AC3 were announced on the 10th and for Block AC4 on the 11th. Contract signing for both blocks will take place from the 23rd to the 25th.
As private housing built on public land, the development is subject to the price ceiling system. The restriction on winning again is 10 years, and the resale restriction is three years from the initial announcement of winners; there is no mandatory residency period. The sale price is paid in installments: a 5% down payment, 60% in interim payments and a 35% final payment. The interim payments will be made in six installments from June 2027 through March 2029. Prices range from 731 million to 912 million won in Block AC3 and from 727 million to 906 million won in Block AC4. Buyers should also account for the costs of balcony extensions and optional items.
The unit types comprise 884 homes with an exclusive area of 84 sq. m, 36 with 92 sq. m and 190 with 93 sq. m. The 84 sq. m Type A features a four-bay layout, a flexible alpha room and a pantry. The 84 sq. m Type D features a freestanding kitchen island and a home bar, while the 93 sq. m Type B has a corner layout and an alpha room with enhanced storage.
Sites for a kindergarten and elementary and middle schools are planned nearby, while the complex will have a childcare center and a small library. A community childcare center will also be installed in Block AC3. Pedestrian routes will link the nearby Gyeyang Byeori Culture Park with neighborhood parks. A walking trail connected to the approximately 1-kilometer-long Gyeyang Byeori, along with water features, will also be created.
Amenities will include guest rooms, a coin-operated laundry room, storage units for each home and a dry car-wash facility. Each block will have about 1.5 parking spaces per home. The development will also include 203 units in the Sigan commercial complex, with plans to attract shopping, dining, education and medical businesses. Bando Construction is also considering directly operating some of the shops.
[email protected] Jeon Min-gyeong Reporter