Pre-selected applicants Nov. 16-17, general applicants Nov. 26-27

Good access to Banwol-Sihwa National Industrial Complex

Price ceiling applies; dedicated newlywed hope town mortgage available

A rendering of Siheung Geomo Atera [Kumho Engineering & Construction]
A rendering of Siheung Geomo Atera [Kumho Engineering & Construction]

Kumho Engineering & Construction has opened the model home for Siheung Geomo Atera, a residential complex it is developing in the Geomo public housing district in Siheung, Gyeonggi Province, launching pre-sales in earnest.

Kumho Engineering & Construction said Sunday that it opened the model home for Siheung Geomo Atera on Friday, where the complex is being developed as a privately participated newlywed hope town. The complex will rise on Block A6 of the Geomo public housing district, comprising 10 buildings of up to 25 above-ground floors and 2 below-ground floors, with a total of 720 units. Units come in exclusive use areas of 55 and 59 square meters, of which 480 units are available for public pre-sale after excluding 240 rental units.

By unit type, the breakdown is 314 units of 55㎡AL, 143 units of 55㎡AH, 20 units of 55㎡ASL, 55 units of 59㎡AL, 25 units of 59㎡AH, 25 units of 59㎡BL, 49 units of 59㎡BH, 39 units of 59㎡CL and 50 units of 59㎡CH.

Situated on the border of Siheung and Ansan, the complex is connected to the Ansan Singil district and gives residents access to the living infrastructure of both cities. Nearby commercial facility sites, the Jegi Stream and neighborhood parks contribute to a pleasant residential environment. A middle school site is planned in the vicinity and a new elementary school is also scheduled, improving the commuting environment for students.

Residents can use Singil Oncheon Station, served by Seoul Metropolitan Subway Line 4 and the Suin-Bundang Line. Vehicle access is available via the West Ansan interchange on the Yeongdong Expressway and the South Ansan interchange on the Pyeongtaek-Siheung Expressway. Access to the Banwol-Sihwa National Industrial Complex is also convenient. Rail projects including the Sinansan Line and the Wolgot-Pangyo Line are also under development.

The complex also stands out for the differentiated design of the residential brand Atera. Depending on the unit type, layouts include three bedrooms, two bathrooms and an alpha room to maximize space efficiency. All units will receive a complimentary seasonal storage unit for bulky items, and 60T floor-to-ceiling sound insulation will be applied. Community amenities within the complex will include a daycare center, a co-care center, an indoor playground, a small library and a guesthouse.

The price ceiling on new apartments also applies to the complex. Through the profit-sharing mortgage exclusively available for newlywed hope towns, buyers can borrow up to 70 percent of the pre-sale price — capped at 400 million won ($295,000) — at a fixed annual interest rate of 1.3 percent for up to 30 years.

"Siheung Geomo Atera is drawing strong interest from end-users because it sits in a location that shares the fully developed living zones of both Ansan and Siheung, and the price ceiling on new apartments applies," a pre-sales official said. "We will deliver a high-quality residential complex by adding the practical spatial design and solid product value of the Atera brand."

Apartment subscriptions will open for pre-selected applicants Nov. 16-17, followed by general applicants Nov. 26-27. Applications can be submitted through LH Cheongnyak Plus. Winners will be announced Dec. 8, and formal contracts — subject to income and asset verification — will be signed over four days from March 11 to March 14 next year. The model home will remain open through Nov. 18. Move-in is scheduled for the second half of 2029.

Meanwhile, the Siheung Geomo district is a public housing zone being developed across approximately 1.52 million square meters in the Geomo-dong and Gunja-dong areas of Siheung, Gyeonggi Province, with plans to supply 11,919 units. The Ministry of Land, Infrastructure and Transport and Korea Land and Housing Corporation are leading the project, targeting completion in June 2028.


shy@heraldcorp.com