The Richmond Rivercent Soyang, a new residential complex in Soyang-ro, Chuncheon, Gangwon Province, launched its apartment subscription process Sunday with special supply applications.

The subscription schedule runs from Sunday's special supply through Tuesday's first-priority round and Thursday's second-priority general supply. Winners will be announced June 10, with official contracts signed over three days from June 22 to June 24. Move-in is scheduled for June 2029.

The complex will rise on a site in Soyang-ro 1-ga, Chuncheon, with six below-ground floors and 29 above-ground floors, comprising 178 units all of a single exclusive use area of 84 square meters. Ije Urban Development is the project developer, Taewon Construction Industry the contractor, and KB Real Estate Trust the trustee.

The project is backed by project financing guarantees and pre-sale guarantees from the Korea Housing & Urban Guarantee Corporation (HUG).

The complex sits near the Soyang River, close to Soyang Bridge No. 2, recognized as one of the eight scenic landmarks of Chuncheon. All units feature a three- to four-bay layout with expandable balconies.

An urban regeneration innovation district project worth approximately 350 billion won ($233 million) is underway near the complex, with plans to include park development and the introduction of industrial facilities.

Nearby lifestyle infrastructure includes the Gangwon Provincial Government, Chuncheon City Hall, Chuncheon National University of Education, Kangwon National University and Kangwon National University Hospital, along with industrial complexes and public institution facilities in the surrounding area.

Residents can access Chuncheon Station on the Gyeongchun Line, as well as the Chuncheon Express Bus Terminal, Chuncheon IC and local roads. The planned opening of the East-West High-Speed Railway is expected to further improve connectivity.

Meanwhile, a model house has been set up in Onui-dong, Chuncheon. According to the developer, roughly 5,000 people visited over the three days from its opening Friday through the weekend.


kim3956@heraldcorp.com