- Opening of the model house on the 27th, and commencement of reception of application for subscription from June 1 … Average sale price is approximately 7.7 million per 3.3m2 - Entire quantity of units at the Pyeonggeo 4 District, Jinju to be sold to the general public… The largest scale in the history in Jinju
HYUNDAI AMCO will be selling the large scale apartment complex in its history in Jinju, Gyeongnam.
HYUNDAI AMCO, a subsidiary construction company of Hyundai Motor Group of Companies (Representative Director: Jeong, Su Hyeon), announced that the company will open model house in Jinju, Gyeongnam on the 27th and commence receiving subscription for sales of the 1,813 residential units of ‘AMCO TOWN “The Prague”’, the large scale apartment complex in its history.
‘AMCO TOWN “The Prague”’, which is being pursued as a part of urban development project at the Pyeonggeo 4 District, Jinju has scale of total of 14 buildings (excluding annex building) each with 1 underground floor and 27~36 above ground floors on approximately 88,800㎡(26,900 pyeong) of land. All of the 1,813 residential units will be sold to the general public. Occupancy is expected to commence in April 2014.
Sales price per 3.3㎡ is 6.9~7.27 million Won for 66㎡(formerly 28 pyeong) floor space type, 7.12~7.57 million Won for 84㎡(formerly 34 pyeong) type, 7.62~7.92 million Won for 100㎡(formerly 39 pyeong) type, 7.99~8.14 million Won for 118㎡(formerly 45 pyeong) type, 8.12~8.31 million Won for 153㎡(formerly 56 pyeong) type and 9.78 million Won for 182㎡(formerly 70 pyeong) and 203㎡(formerly 76 pyeong) type.
The ‘system of guarantee for the contract terms and conditions’ that was applied to the Sangdo AMCO TOWN will also be applied to the ‘AMCO TOWN “The Prague”’. This system ensures that even in the event of changes in the terms and conditions of sales contract, these changes will be applied to those subscribers who signed contract for purchase earlier retroactively, and is the differentiated terms and conditions of contract that HYUNDAI AMCO is applying for the first time in the industry.
Units being supplied is composed of 128 units of 2 types of 66㎡ floor space plans, 1,160 units of 2 types of 84㎡ floor space plans, 140 units of 2 types of 100㎡ floor space plants, 264 units of 2 types of 118㎡ floor space plans, 116 units of 2 types of 153㎡ floor space plans, 4 units with floor space of 182㎡ and 1 unit with 203㎡. Composition is focused on small to medium floor space types, which are highly popular to the actual end users.
Model house was opened in the vicinity of Chunsugyo crossroad in Shinan-dong, Jinju City on the 27th, subscription will commence with special supply on June 1, followed by 1st rank subscription on the 2nd, 2nd rank subscription on the 3rd and 3rd rank subscription on the 7th of June. Successfully applicants for subscription will be announced on June 13 with contract signing carried out from 20th to 22nd of June.
Exterior is specialized with artistic design with the Prague of Czechoslovakia as the motif. In addition, the company is planning to pursue development of this residential complex as the highest class brand apartment by incorporating the large scale community facilities on 1,400 pyeong of land that includes swimming pool (3 lanes with length of 25m) within the complex for the first time in Jinju, fitness center and golf driving range.
Feeling of openness and scenic view will be maximized by applying 4-bay design even for the 66㎡ and 84㎡ floor space plans, 66㎡ units will be finished as modern type with feeling of brightness and vivaciousness, variable customized design with natural and modernistic style is applied to the 84㎡ units, and 100㎡ units have been designed comfortably with harmony between white and wood tones.
Variable customized design with elevated feeling of openness and convenience is applied to 118㎡ units also, as well as elevating the elegance through adoption of brown tone and natural classic image design. 153㎡ units were designed warmly and gently with white tone in order to create family centered life style space.
HYUNDAI AMCO anticipates that the prospect of subscription for sales for the Pyeonggeo 4 District will be quite bright since it not only has scenic view of Nam River, but also because it is being receiving highlight as the most prestigious residential district in Jinju with presence of various daily life convenient facilities including E-Mart and Home-Plus (scheduled) in the vicinity as well as renowned school such as Jinju Middle and High Schools.
Mr. Cho, Myeong Rae, Managing Director of HYUNDAI AMCO (Director of Residential Development Division), disclosed that “the most optimal conditions for real estate subscription is being established in Jinju including transfer of fervor of real estate subscription from the eastern regions of Gyeongnam to the western region, and confirmation of transfer of headquarters of LH,” and, that “we are planning to put our utmost efforts to close subscription for sale early on the basis of the brand value as the best apartment in Jinju and outstanding quality.” ※ Inquiries on model house: 055-742-0002